Threadneedle UK Select Trust Ltd Issue of Equity (3445G)
06 Mai 2014 - 1:20PM
UK Regulatory
TIDMUKT
RNS Number : 3445G
Threadneedle UK Select Trust Ltd
06 May 2014
Threadneedle UK Select Trust Limited
(the "Company")
Issue of Equity
and
Results of Elections under the Scrip Dividend Scheme
6 May 2014
The Board is pleased to announce that the Company has issued
525,167 new Ordinary Shares of 10p each ("New Shares") for cash at
a price of 186.5 pence per share, subject to Admission, to satisfy
market demand (the "Issue"). The net proceeds of the Issue will be
used in further pursuing the investment objective of the
Company.
Results of Scrip Elections
The Company also announces that, pursuant to its scrip dividend
scheme (the "Scrip Dividend Alternative"), 131,016 New Shares have
been issued, subject only to Admission, to shareholders who have
elected to participate in the Scrip Dividend Alternative. Electing
shareholders will receive New Shares instead of cash in respect of
the second interim dividend for the year ended 31 December
2013.
Elections pursuant to the scrip dividend scheme were received in
respect of 44.92 per cent of the Shares in issue (excluding
treasury shares) as at the record date of 14 March 2014. The Shares
will rank pari passu with the existing ordinary shares.
Application has been made for the New Shares and the Scrip
Shares to be admitted to the Official List and to trading on the
main market of the London Stock Exchange ("Admission"). It is
expected that dealings in the New Shares will commence at 8.00 a.m.
on 9 May 2014.
Voting Rights and Capital
With effect from 9 May 2014, the Company's share capital is
expected to consist of 22,570,236 ordinary shares with voting
rights, of which 110,322 shares are held in treasury. Accordingly,
the number of voting rights in issue (excluding treasury shares)
will be 22,459,914 and this figure may be used by shareholders as
the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change to
their interest in, the Company under the FCA's Disclosure and
Transparency Rules.
For further information, please contact:
Enquiries:
Kleinwort Benson (Channel Islands) Fund Services Limited
Secretary
Tel: + 44 (0) 1481 710607
Threadneedle Asset Management Limited
Michael Bateman
Tel: +44 (0) 207 464 5580
Canaccord Genuity Limited
Andrew Zychowski / Lucy Lewis / Will Barnett
Tel: + 44 (0) 20 7523 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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