TIDMENI

RNS Number : 3679H

Edinburgh New Income Trust plc

26 May 2011

EDINBURGH NEW INCOME TRUST PLC: ELECTIONS UNDER SCHEME

Further to the proposals for the reconstruction and winding up of the Company which were announced on 28 April 2011, the results of elections under the Scheme were as follows:

-- elections for cash were made, or deemed to have been made, in respect of 19,434,481 Ordinary Shares and 14,326,992 ZDP Shares; and

-- elections for Fund Shares were made in respect of 1,084,575 Ordinary Shares and 839,626 ZDP Shares.

Reclassification of Shares

As a result of the elections referred to above, 19,434,481 Ordinary Shares will be reclassified as Shares with A Rights, 14,326,992 ZDP Shares will be reclassified as Shares with B Rights, 1,084,575 Ordinary Shares will be reclassified as Shares with C rights and 839,626 ZDP Shares will be reclassified as Shares with D rights.

Application has been made to the UK Listing Authority and the London Stock Exchange for the listing in respect of the Shares to be amended to reflect the reclassification of the Shares as Reclassified Shares. It is expected that such amendment will become effective and dealings in the Reclassified Shares will commence with effect from 8.00 a.m. on 27 May 2011.

Suspension of Reclassified Shares

It is expected that the listing of the Reclassified Shares will be suspended at 7.30 a.m. on 31 May 2011.

General

The Scheme remains conditional on the passing of the special resolution to place the Company into members' voluntary liquidation which will be proposed at the general meeting of the Company convened for 31 May 2011. The Scheme will not become effective unless the resolution is passed.

Enquiries:

 
 Valerie MacKenzie   Aberdeen Asset Managers   Tel: +44 (0)131 
                      Limited                   528 4136 
 Robin Archibald     Winterflood Investment    Tel: +44 (0)20 
                      Trusts                    3100 0290 
 Robert Peel         Winterflood Investment    Tel: +44 (020) 
                      Trusts                    3100 0291

Capitalised terms shall bear the meanings given to them in the Company's Circular dated 28 April 2011 unless the context otherwise requires.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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