Result of Meeting

RNS Number : 8993C

Standard Life UK Small.Co's Tst PLC

03 October 2018

 

3 October 2018

Standard Life UK Smaller Companies Trust plc

(Legal Entity Identifier: 213800UUKA68SHSJBE37)

Results of General Meeting

The Board of Standard Life UK Smaller Companies Trust plc (the "Company") is pleased to announce that the resolution relating to the issue of new ordinary shares of 25 pence each in the capital of the Company (the "New Shares") in connection with the reconstruction of Dunedin Smaller Companies Investment Trust PLC ("Dunedin") (the "Scheme") put to shareholders today at the General Meeting was duly passed.

Details of the proxy votes cast on the resolution are included at the end of this announcement

The Scheme remains conditional, amongst other things, upon:

a)   the passing of the resolution to be proposed at the Second General Meeting of Dunedin and on any conditions of such resolution (other than any such conditions relating to this paragraph) being satisfied;

b)   the UK Listing Authority, having acknowledged to the Company or its agent (and such acknowledgement not having been withdrawn) that the application for the Admission of the New Shares to the Official List with a Premium Listing has been approved and (after satisfaction of any conditions to which such approval is expressed to be subject (the "listing conditions")) will become effective as soon as dealing notice has been issued by the FCA and any listing conditions having been satisfied and the London Stock Exchange having acknowledged to the Company or its agent (and such acknowledgement not having been withdrawn) that the New Shares will be admitted to trading, subject only to allotment; and

c)   the Dunedin Directors not having exercised their right not to proceed with the Scheme if, within seven days after the passing of the resolution at the First General Meeting of Dunedin, Shareholders of Dunedin validly exercise their rights under section 111(2) of the Insolvency Act 1986 in respect of more than 10 per cent. in nominal value of the issued share capital of Dunedin.

Expected Timetable

	2018
Calculation Date in relation to the Scheme	5.00 p.m. on 4 October
Dunedin Second General Meeting	10.00 a.m. on 8 October
Effective date for implementation of the Scheme	8 October
Dealings in New Shares commence	8.00 a.m. on 10 October

Terms used and not defined in this announcement have the meanings given in the circular of the Company dated 4 September 2018 unless the context otherwise requires.

Enquiries

Standard Life UK Smaller Companies Trust plc	Allister Langlands	T: 0141 206 0124
Winterflood Securities	Joe Winkley Neil Morgan	T: 020 3100 0000
Aberdeen Standard Investments	Evan Bruce-Gardyne	T: 0131 245 0571

Proxy Votes

The proxy votes cast on the resolution are set out below:

Resolution	Votes For	%	Votes Against	%	Votes Total	Votes Withheld
Allot up to 30,000,000 ordinary shares of 25 pence each in the capital of the Company to shareholders of Dunedin in connection with the scheme of reconstruction and winding up of Dunedin.	18,125,689	99.32	124,120	0.68	18,249,809	6,593

*  The votes "For" include those votes giving the Chairman and Third parties discretion

Standard Life UK Smaller Companies Trust plc	Allister Langlands	T: 0141 206 0124
Winterflood Securities	Joe Winkley Neil Morgan	T: 020 3100 0000
Aberdeen Standard Investments	Evan Bruce-Gardyne	T: 0131 245 0571

 

END

 

 

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