REG - European Smaller Co. - Cash Exit Tender Price

European Smaller Companies TrustAnnouncement

24/06/2025 07:00

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RNS Number : 0659O  European Smaller Companies Tst PLC  24 June 2025

JANUS HENDERSON FUND MANAGEMENT UK LIMITED

THE EUROPEAN SMALLER COMPANIES TRUST PLC

Legal Entity Identifier:  213800N1B1HCQG2W4V90

24 June 2025

 

 

THE EUROPEAN SMALLER COMPANIES TRUST PLC

(the "Company")

 

Cash Exit Tender Offer Final Asset Value

and Cash Exit Tender Price

 

Further to the announcement on 20 May 2025, the Board confirms that all the
assets in the Cash Exit Pool have been fully realised. The Cash Exit Pool
Determination Date was 19 June 2025 and, as at that date, the Cash Exit Tender
Offer Final Asset Value was £108,455,353, which results in a Tender Price per
Cash Exit Share of 213.80 pence.

 

Winterflood will, as principal, on the terms and subject to the conditions of
the Tender Offer, purchase the 50,726,953 Cash Exit Shares at the Tender Price
in the market and then sell such Cash Exit Tender Shares to the Company at the
Tender Price in accordance with the relevant Repurchase Agreement, with this
expected to happen on or around 27 June 2025. All of the 50,726,953 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.

 

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.

 

 

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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