Result of EGM

Small Companies Dividend Trust PLC                       

 

 

                           Result of General Meeting                           

24 August 2012

 

The Directors of Small Companies Dividend Trust PLC ("SCD Trust") are pleased
to announce that at the General Meeting held today, resolutions approving (i)
the proposed issue of Zero Dividend Preference Shares ("ZDP Shares") by Small
Companies ZDP PLC, a new wholly owned subsidiary of SCD Trust ("ZDPCo"), (ii)
an amendment to SCD Trust's investment policy; and (iii) changes to SCD Trust's
Articles of Association were duly passed on a show of hands.

 

In accordance with listing rule 9.6.2R, a copy of the resolutions has been
submitted to the National Storage Mechanism and will shortly be available for
inspection at www.hemscott.com/nsm.do.

 

The number of proxy votes received in favour of the resolutions (including
those voted at the Chairman's discretion) and percentages of the votes cast on
each resolution was as follows:

 

Resolution 1: 6,308,592     99.4%

Resolution 2: 6,308,592     99.4%

Resolution 3: 4,493,765     99.2%

 

Following the passing of the resolutions at the General Meeting the placing
agreement is now unconditional save only for admission to listing and dealings
and 8,500,000 ZDP Shares have been allotted to placees (also subject only to
admission).

 

The Prospectus published on 1 August 2012 in connection with the ZDP Share
issue referred to the proposed market makers in the ZDP Shares as being Fairfax
I.S. PLC ("Fairfax") and Winterflood Securities Limited.  Following Fairfax's
decision to cease market making at close of business on 14 August 2012,
arrangements have been made for Canaccord Genuity Limited to be a market maker
in the ZDP Shares.

 

The admission of the ZDP to standard listing and dealings in ZDP Shares on the
main market of the London Stock Exchange are expected to commence at 8.00am on
28 August 2012.

 

Enquiries:

Small Companies Dividend Trust PLC

William van Heesewijk
Director                                                             Tel: 020
7222 8989

 

Chelverton Asset Management Investment Manager

David
Horner                                                                                        
Tel: [phone]

 

Fairfax I.S. PLC Financial adviser and broker

David Floyd, James King, John Korwin-Szymanowski                             
Tel: [phone]