Change of name and results of Tender Offer

RNS Number : 1450A

Henderson Asian Growth Trust plc

15 March 2013

 



HENDERSON ASIAN GROWTH TRUST PLC

15 March 2013

Results of General Meeting, change of name and results of Tender Offer

Both resolutions considered by shareholders at the General Meeting today were passed.

Schroders commenced its appointment as the Company's investment manager under the terms of the new Investment Management Agreement from the close of today's General Meeting.

The Company's name will shortly be changed to Asian Total Return Investment Company plc.  The Company's ticker will change to ATR with effect from 18 March 2013.

Further to the announcement of a tender offer for up to 50% of the Company's Shares in issue, details of which were contained in a Circular sent to shareholders on 20 February 2013, the Board announces that the Tender Offer was over-subscribed with 52.64% of the Company's issued share capital being validly tendered.

Following scaling back, 74,091,140 Shares will be repurchased by the Company at the Repurchase Price, which is expected to be announced by close of business on 22 March 2013.  Shareholders who tendered in excess of their basic entitlement will have their Excess Tenders satisfied to the extent of approximately 87.89%.

It is expected that cheques will be despatched and CREST payments will be made in the week commencing 25 March 2013.

Following the implementation of the Tender Offer, the Company will have 74,091,141 Shares in issue (excluding any Shares held in treasury).

From today until the completion of the Tender Offer, the Company will not publish daily NAVs.  It is expected that the publication of daily NAVs will resume during the week commencing 25 March 2013.

Terms used and not defined in this announcement shall have the meanings given in the Circular dated 20 February 2013.

Enquiries

Jan Kingzett Schroders	020 7658 6471
Jane Lewis Winterflood Investment Trusts	020 3100 0295

 

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