Chelverton Small Div Result of Meeting
12 December 2017 - 11:00PM
UK Regulatory
TIDMSDV TIDMSDVZ
Chelverton Small Companies Dividend Trust PLC (the "Company") and Chelverton
Small Companies ZDP PLC ("Existing ZDPCo")
LEIs: 213800DAF47EJ2HT4P78 and 213800OPDNDC5YERVG70
Results of General Meetings
Pursuant to the announcement on 27 November 2017 and following General Meetings
of the Company and Existing ZDPCo which were held today, the Company and
Existing ZDPCo are pleased to announce all resolutions were passed on a show of
hands.
The Company
Resolution 1: to allot C Shares in the capital of the Company up to an
aggregate nominal amount of GBP75 million.
Resolution 2: to allot C Shares for cash pursuant to the authority referred to
in resolution 1 above as if section 561 of the Companies Act 2006 (the "Act")
did not apply to any such allotment.
Resolution 3: to allot Ordinary Shares up to an aggregate nominal amount of:
a) GBP7.5 million pursuant to the Placing Programme (as defined in the
Prospectus); and
b) 20 per cent. of the aggregate nominal amount of the issued ordinary share
capital of the Company immediately following completion of the Issue.
Resolution 4: to allot ordinary shares and to sell ordinary shares from
treasury for cash pursuant to the authority referred to in resolution 3 as if
section 561 of the Act did not apply to any such allotment or sale.
Resolution 5: to make market purchases of C Shares, provided that the maximum
number of C Shares authorised to be purchased is 14.99 per cent. of the issued
C Shares following completion of the Issue.
Resolution 6: to adopt new articles of association of the Company.
Resolution 7: to allot ordinary shares and to sell ordinary shares from
treasury for cash pursuant to the authority conferred by resolution 9 passed at
the Company's AGM held on 7 September 2017 as if section 561 of the Act did not
apply to any such allotment or sale, subject to, amongst other things, a limit
of 10% of the issued ordinary share capital.
Existing ZDPCo
Additionally, at the First General Meeting of Existing ZDPCo the special
resolution was duly passed and accordingly the Scheme for the reconstruction
and voluntary winding up of the Company was approved and its implementation by
the Liquidator was authorised.
A copy of the resolutions of the Company and Existing ZDPCo has been submitted
to the National Storage Mechanism, and will shortly be made available for
inspection at: www.morningstar.co.uk/uk/nsm. Details of the proxy votes
received can be found the Company's website www.chelvertonam.com/fund/
small-companies-dividend-trust-plc/.
Save for expressions defined in this announcement, words and expressions
defined in the Prospectus and Circulars shall have the same meaning in this
announcement.
For further information contact
Chelverton Small Companies Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management
+44 20 7222 8989
Stockdale Securities Limited
Robert Finlay / Owen Matthews
+44 20 7601 6115
END
(END) Dow Jones Newswires
December 12, 2017 07:00 ET (12:00 GMT)
Chelverton Uk Dividend (LSE:SDV)
Historical Stock Chart
From Apr 2024 to May 2024
Chelverton Uk Dividend (LSE:SDV)
Historical Stock Chart
From May 2023 to May 2024