RNS Number : 3294G
  Osprey Smaller Cos Income Fund Ltd
  21 October 2008
   

    Osprey Smaller Companies Income Fund Limited (the "Company")
    Result of Tender Offer

    Earlier today the Company announced that 2,707,388 Ordinary Shares had been successfully tendered by Fairfax on behalf of the Company,
all of which will be cancelled.  

    The Company received tenders for 4,004,977 Ordinary Shares representing 29.6 per cent. of the Ordinary Share capital. As such, the level
of the tender has been scaled back accordingly and all shareholders who tendered in excess of their Basic Entitlement on the Record Date
will receive their pro-rata entitlement of the excess. 

    Following completion of the Tender Offer and the cancellation of the shares held in treasury, the Company's issued share capital will
comprise 10,829,612 Ordinary Shares.

    Manchester & Metropolitan Investment Limited has an interest in 4,047,000 Ordinary Shares, representing 37.4% of the issued Ordinary
Share capital of the Company following the Tender Offer and cancellation of the shares held in treasury. 


    Notes
    Terms defined in the Circular to shareholders dated 19 September 2008 shall, save where the context otherwise requires, have the same
meanings in this announcement.

    Enquiries:
    Elysium Fund Management Limited                  Tel: +44 1481 810100

    Midas Investment Management Limited            Tel: +44 161 228 1709
    Mark Sheppard/David Rodrigues

    Fairfax I.S. PLC
    James King/Andrew Cox                                 Tel: +44 20 7598 5368

This information is provided by RNS
The company news service from the London Stock Exchange
 
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