Tender Offer Result

RNS Number : 5334J

JPMorgan European Smaller Co.

17 July 2013

 



JPMORGAN EUROPEAN SMALLER COMPANIES TRUST PLC

LONDON STOCK EXCHANGE ANNOUNCEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN

17th July 2013

Tender Offer

Following the passing of the special resolution to give effect to the Tender Offer at the General Meeting held on 16^th July 2013, the Board announces that a total of 18,381,034 Shares were validly tendered under the Tender Offer. As a result, the Basic Entitlement of all Shareholders who have validly tendered their Shares will be accepted in full and excess tenders will be satisfied to the extent of 2.57 per cent. of excess Shares tendered.

Under the Tender Offer, 1,782,346 Shares will be repurchased by the Company; this equates to 5 per cent. of the Company's Shares in issue at 17.30 on 14^th May 2013.  All Shares tendered will be cancelled.

Expected timetable

Calculation date for the tender price	18th July 2013
Tender price announced	22nd July 2013
Settlement date: cheques despatched and payments through CREST made and CREST accounts settled	26th July 2013
Balancing share certificates despatched	Week commencing 29th July 2013

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

For further information please contact:

JPMorgan Asset Management (UK) Limited

Jonathan Latter                        [e-mail]                       [phone] 

Cenkos Securities plc                      

Dion Di Miceli                                    [e-mail]                          [phone]

Cenkos Securities Plc, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as the adviser to the Company and is acting for no-one else in connection with the Tender Offer and the contents of this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Cenkos Securities Plc nor for providing advice in connection with the Tender Offer and the contents of this announcement or any other matter referred to herein.

 

END

 

 

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