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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