Second Interim Distribution

RNS Number : 7356G

Throgmorton Trust PLC

27 October 2008

 



The Throgmorton Trust PLC

('Throgmorton' or the 'Company')

Second Interim distribution to Exiting Shareholders

Pursuant to the Tender Offer, the Board announces that a second interim distribution, of 28 pence per Exit Share, is expected to be made to Exiting Shareholders today (27 October 2008).

This second interim distribution represented approximately 44% of the net assets in the Tender Pool as at close of business on 21 October 2008. Distributions paid to date, including the second interim distribution, amount to 75 pence per share.

Forms of payment for Exiting Shareholders are as follows:

• Exiting Shareholders who held Shares in uncertificated form in CREST will be paid the consideration through CREST later today (27 October 2008) in favour of the Exiting Shareholders' payment bank in accordance with the CREST payment arrangement.

• Exiting Shareholders who held Shares in certificated form will receive a cheque for the consideration from the Registrars by first class post to the registered address of the Exiting Shareholder or, in case of joint holders, the registered address of the first named holder. Cheques are expected to be posted today (27 October 2008).

The Board proposes to make a further interim distribution within approximately two months. The final distribution to Exiting Shareholders is expected to be made by the end of January 2009. However, as described in paragraph 14 of part 2 of the Circular to Shareholders dated 1 August 2008, the Company reserves the right, if the Board considers it to be in the interests of Shareholders as a whole, to defer the realisation of the Tender Pool assets.

Defined terms in this announcement have the same meaning as in the Circular to Shareholders dated 1 August 2008.

Enquiries

BlackRock Investment Management (UK) Limited
Jonathan Ruck Keene	[phone]
UBS
Joe Winkley	[phone]

 

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