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Diverse Inc Trust (DIVI)


Friday 20 March, 2015

Diverse Inc Trust

Redemption of Ordinary Shares



The Company operates a voluntary redemption facility through which shareholders
can request the redemption of all or part of their holding of redeemable
ordinary shares of 0.1p each ("ordinary shares") for cash on 31 May in each

Shareholders submitting valid requests for the redemption of ordinary shares
will have their shares redeemed at the Redemption Price or the Company may
arrange for such shares to be sold in the market at the Net Asset Value
(including current period revenue) prevailing at the end of May (subject to the
Directors' discretion). The Directors are minded to approve all requests unless
there are exceptional reasons why this would be contrary to the interests of

A redemption of ordinary shares may be subject to either income tax and capital
gains tax. In particular, private shareholders that sell their shares via the
redemption mechanism could find they are subject to income tax on the gains
made on the redeemed shares rather than the more usual capital gains tax on the
sale of their shares in the market. However individual circumstances do vary,
so shareholders who are in any doubts about the redemption or the action that
should be taken should consult their stockbroker, accountant, tax adviser or
other independent financial adviser.

Shareholders wishing to request the redemption of all or any of their ordinary
shares at the proposed Redemption Point should deliver to the Company's
Registrar a duly completed Redemption Request form together with their share
certificate or TTE instruction in accordance with the timetable set out below.
Forms are available on request from the Company's Registrar, Capita Asset
Services, on 0871 664 0300 (calls cost 10p per minute plus network extras.
Lines are open Monday to Friday 9am to 5.30pm) or on email at 
[email protected]

There is no requirement for shareholders to take any action should they wish to
retain their shares. As at close of business on 18 March 2015, the share price
was 84.00p, and the net asset value (including current period revenue) was
83.88p per ordinary share, so the shares were trading at a 0.14% premium.

None of the Directors of the Company intend to redeem any of their shares under
the redemption facility.

The relevant dates for the May 2015 Redemption Point are outlined below:

29 April 2015              Latest date for receipt of Redemption Requests and   
                           certificates for certificated shares                 
3.00 pm on 29 April 2015   Latest date and time for receipt of Redemption       
                           Requests and TTE instructions for uncertificated     
                           shares via CREST                                     
5.00 pm on 29 May 2015     The Redemption Point                                 
On or before 12 June 2015  Company to notify Redemption Price and dispatch      
                           redemption monies; or                                
                           If the redemption is to be funded by way of a        
                           Redemption Pool, Company to notify the number of     
                           shares being redeemed. Notification of Redemption    
                           Price and dispatch of redemption monies to take place
                           as soon as practicable thereafter                    
On or before 26 June 2015  Balance certificates to be sent to shareholders      

Further details of the redemption facility are set out in the Company's Annual
Report with full details in the Articles of Association, and are also available
from the Company Secretary.

The Directors of the Company have discretion over the operation of the
redemption facility and the calculation of the Redemption Price.

Defined terms in the announcement have the same meaning as set out in the
Articles of Association, a copy of which may be obtained from the Company

20 March 2015

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