Settlement of Reverse Tender Auction Offer

RNS Number : 6150I

JPMorgan European Smaller Co.

27 July 2012

 



JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

LONDON STOCK EXCHANGE ANNOUNCEMENT

Settlement of Reverse Auction Tender Offer for up to 10 per cent. of the shares in issue of the Company (the 'Tender Offer')

Further to the announcement of the Reverse Auction Results and Tender Price on 20 July 2012, settlement of the Reverse Auction Tender Offer consideration will be made on 30 July 2012.

Cheques will be despatched and CREST accounts will be credited with proceeds in respect of successfully tendered Shares on 30 July 2012.  It is expected that balancing certificates in respect of unsold certificated Shares will be despatched during the week commencing 6th August 2012.

Following the implementation of the Tender Offer, the Company will have 35,926,923 Ordinary Shares of 25 pence each in issue.

Therefore the total number of voting rights in the Company will be 35,926,923.

The above figure (35,926,923) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the FSA's Disclosure and Transparency Rules.

Defined terms in this announcement have the same meaning as in the Circular to shareholders dated 14th June 2012. A copy of the Circular can be obtained from the Company's website, http://www.jpmeuropeansmallercompanies.co.uk and can be viewed at the National Storage Mechanism which can be located at www.morningstar.co.uk/uk/NSM

27th July 2012

For further information please contact:

JPMorgan Asset Management (UK) Limited

Jonathan Latter                        [e-mail]           [phone] 

 

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