REG-Chelverton UK Dividend Trust plc Chelverton UK Dividend Trust plc: Block Listing Application

Chelverton UK Dividend TrustAnnouncement

06/04/2023 16:00

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   Chelverton UK Dividend Trust plc (SDVP)
   Chelverton UK Dividend Trust plc: Block Listing Application

   06-Apr-2023 / 15:54 GMT/BST

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   LEI: 213800DAF47EJ2HT4P78

                        Chelverton UK Dividend Trust PLC

                                (the "Company")

                   Proposed Share Rating Management Programme

                           Block Listing Application

   At the Company’s 2022 AGM,  the Board’s authority to allot and issue
   ordinary shares in order to manage the balance between the supply and
   demand for ordinary shares, provided the ordinary shares trade at a
   premium to its NAV, was renewed. Since the beginning of the calendar year,
   the Company has issued shares regularly in order to manage its current
   premium, and it intends to continue to do so. Such share issuance will
   also increase the size of the Company which will benefit all shareholders
   as the ongoing charges ratio is reduced and the liquidity of the Company's
   shares is likely to increase.

   The Company announces that an application has been made to the Financial
   Conduct Authority for a block listing of 2,750,000 ordinary shares of 25
   pence each to be admitted to the Official List and to the London Stock
   Exchange for the shares to be admitted to trading on its main market. The
   shares will, when issued, rank pari passu with the existing ordinary
   shares of the Company.

   The shares may be issued under the block listing from time to time to
   satisfy investor demand provided that such issues are made at prices above
   the prevailing net asset value per share. The block listing is expected to
   become effective on 11 April 2023.

    

   Maitland Administration Services Limited

   Company Secretary

   Tel: 01245 398950 

    

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GB0006615826, GB00BZ7MQD81
   Category Code:  MSCM
   TIDM:           SDVP
   LEI Code:       213800DAF47EJ2HT4P78
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   235625
   EQS News ID:    1603587


    
   End of Announcement EQS News Service

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