Chelverton Small Div Transactions in a Close Period
12 May 2017 - 1:05AM
UK Regulatory
TIDMSDV TIDMSDVZ
CHELVERTON SMALL COMPANIES DIVIDEND TRUST PLC
TRANSACTIONS IN A CLOSE PERIOD
The Company wishes to notify the market that the closed period of the Company
in relation to its annual results for the year ended 30 April 2017 will
commence on 15 May 2017 and is anticipated to end no sooner than 14 June 2017.
The Company confirms that all inside information (as defined in the EU Market
Abuse Regulation) which the Directors and the Company may have held has been
notified to a regulatory information service. Accordingly, in the absence of
any new undisclosed inside information arising, the Company is not prohibited
from dealing in its own securities during this closed period.
As stated in the announcement issued on 13th January 2017.
"The Directors of Chelverton Small Companies Dividend Trust PLC and Chelverton
Small Companies ZDP PLC (together the "Group") have been considering the
options for a refinancing of the Zero Dividend Preference shares, which are due
for repayment on 8 January 2018. The Board believes that given the current
economic environment a ZDP refinancing could be achieved at an attractive
interest rate which would enable the Company to continue to provide Ordinary
shareholders with an attractive level of income, supported by the Company's
material revenue reserve, as well as the opportunity for further capital growth
driven principally by the well-established and diversified mid - small
companies portfolio. Subject to stock market conditions, the Company will also
be considering the potential to issue further Ordinary shares at the time of
the issuance of any new Zero Dividend Preference Shares."
George Bayer
For and on behalf of Maitland Administration Services Limited
Company Secretary
11 May 2017
END
(END) Dow Jones Newswires
May 11, 2017 11:05 ET (15:05 GMT)
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