REG - European Smaller Co. - Completion of Tender Offer

European Smaller Companies TrustAnnouncement

26/06/2025 18:00

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RNS Number : 6439O  European Smaller Companies Tst PLC  26 June 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier:  213800N1B1HCQG2W4V90

26 June 2025

 

 

THE EUROPEAN SMALLER COMPANIES TRUST PLC

(the "Company")

 

Repurchase of Cash Exit Shares

and Completion of the Tender Offer

 

The Company announces that, in connection with the Tender Offer, it has today
repurchased 50,710,953 Ordinary Shares* pursuant to the Cash Exit Option. The
Tender Price per Cash Exit Share was 213.80 pence. All of the Cash Exit Shares
repurchased will be held in treasury.

 

It is expected that payments in respect of Cash Exit Shares held in
uncertificated form will be made in CREST on 4 July 2025 and that cheques will
be dispatched on 4 July 2025 in respect of Cash Exit Shares held in
certificated form.

 

Following the above purchase, the Company's issued ordinary share capital is
279,246,204 Ordinary Shares of 1.5625 pence each, of which 51,644,691 Ordinary
Shares are held in treasury.

 

As treasury shares have no voting rights, the total number of voting rights in
the Company is now 227,601,513.  Shareholders should use this figure 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 Disclosure Guidance and Transparency Rules.

 

Defined terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the circular to Shareholders
published by the Company on 15 April 2025.

 

* The number of Ordinary Shares to be repurchased differs from the 50,726,953
Cash Exit Shares announced by the Company on 20 May 2025 and 24 June 2025 due
to the inability of one tendering shareholder to settle their tender election.

 

Enquiries:

 

Janus Henderson Secretarial Services UK Limited

Corporate Secretary to The European Smaller Companies Trust PLC

 +44 (0)20 7818 1818

 

Winterflood Securities Limited

Neil Langford / Rose Ramsden / Sophia Bechev (Corporate Finance)

Darren Willis / Innes Urquhart (Corporate Sales)

+44 (0)20 3100 0000

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