REG - European Opps. Trust - Result of Tender Offer

European Opportunities TrustAnnouncement

18/06/2025 12:30

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RNS Number : 4188N  European Opportunities Trust PLC  18 June 2025

18 June 2025

EUROPEAN OPPORTUNITIES TRUST PLC

("EOT" or the "Company")

Results of the Tender Offer

Further to the announcement on 7 February 2025 and the publication of the
circular on 8 May 2025 (the "Circular"), the Board today announces the results
of the tender offer to purchase up to 25% of the Company's Ordinary Shares in
issue (excluding treasury shares) (the "Tender Offer").

The Tender Offer was taken up in full and, after taking account of rounding,
the Company will purchase a total of 15,553,147 Shares at the Tender Price of
953.60 pence per share.

Eligible Shareholders who validly tendered a percentage of their Shares equal
to or less than their Basic Entitlement to tender 25% of their registered
shareholding shall have all tendered Shares purchased in full under the Tender
Offer. A total of 9,938,378 of Basic Entitlement shares were tendered out of
the 15,553,147 available.

Eligible Shareholders who validly tendered Excess Applications shall have the
whole of their Basic Entitlement and approximately 28% of their Excess
Applications purchased pursuant to the Tender Offer. A total of 20,023,311 of
Excess Entitlement shares were tendered.

Once the remaining conditions under the Repurchase Agreement have been met,
15,553,147 Shares will therefore be purchased by Singer Capital Markets
Securities Limited ("Singer Capital Markets") at the Tender Price. Under the
terms of the Repurchase Agreement, Singer Capital Markets shall sell the
Shares purchased to the Company pursuant to the Tender Offer at the Tender
Price. The Shares purchased by the Company pursuant to the Repurchase
Agreement will be cancelled.

The Tender Price is 98% of the NAV per Share as at close of business on the
Calculation Date, less the pro rata costs of the Tender Offer, as more
particularly set out in the Circular. The 2% discount to the NAV applied to
the tendered Shares will result in an uplift in the NAV per Share of
continuing holders of approximately 0.67%.

As set out in the Circular, it is anticipated that the proceeds payable to
Shareholders whose tendered Shares are held through CREST accounts are
expected to be made on 27 June 2025 and that cheques for the certificated
Shares purchased under the Tender Offer will be despatched on the same date.

Total Voting Rights

Following the completion of the Tender Offer, the Company will have 73,248,154
Shares in issue (including 26,588,712 Shares held in treasury). Therefore, the
total number of voting rights in the Company will be 46,659,442 and this
figure may be used by Shareholders as the denominator for 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 Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the meanings given in the Tender
Circular unless the context otherwise requires.

For further information, please contact:

 Devon Equity Management Limited - AIFM                  enquiries@devonem.com

 Richard Pavry / Charles Bilger                          +44 (0)20 3985 0445
 Singer Capital Markets - Corporate broker

 Alaina Wong / James Todd (Investment Banking)           +44 (0)20 7496 3000

 Alan Geeves / James Waterlow / Sam Greatrex (Sales)
 Burson Buchanan - PR Adviser                             eot@buchanancomms.co.uk

 Henry Wilson                                            +44 (0)7788 528143

 Helen Tarbet                                            +44 (0)7872 604453

 Nick Croysdill                                          +44 (0)7815 823412

LEI - 549300XN7RXQWHN18849

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