Publication of Prospectus

RNS Number : 6879M

Securities Trust of Scotland PLC

28 August 2013

 



Securities Trust of Scotland plc

Publication of Prospectus

Securities Trust of Scotland plc (the "Company") has today published a prospectus approved by the UK Listing Authority in relation to an issue of up to 100,000,000 new ordinary shares (the "New Shares").  New Shares will be issued for the purpose of managing any premium on the Company's shares and, more generally, to meet the Board's broader objective of continuing to grow the Company where suitable opportunities arise. The Board will only issue New Shares when it believes it is advantageous to the Company's shareholders to do so and in no circumstances would any issue of New Shares be at an issue price which would result in a dilution of the net asset value per share.

A copy of the prospectus will shortly be available for inspection at www.hemscott.com/nsm.do

Copies of the prospectus are also available in electronic form on the Company's website at www.securitiestrust.com and are available for collection from the registered office of the Company at Saltire Court, 20 Castle Terrace, Edinburgh, EH1 2ES.

Terms used in this announcement have the same meaning as set out in the Prospectus.

Enquiries

William Simmonds J.P. Morgan Cazenove	020 7588 2828
Victoria Timlin Martin Currie Investment Management Ltd	0131 229 5252

 

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