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Henderson Smllr Cos (HSL)

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Monday 22 September, 2008

Henderson Smllr Cos

Proposed modifications to the

RNS Number : 9734D
Henderson Smaller Cos Inv Tst PLC
22 September 2008
 



HENDERSON GLOBAL INVESTORS

THE 
HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC



22 September 2008



THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC


Proposed modifications to the investment policy


Further to the Chairman's Statement in the Annual Financial Report for the year ended 31 May 2008, announced on 13 August 2008, the Company and its advisers have held discussions with major shareholders regarding the proposed modifications to the Company's investment policy which would, inter aliaallow the Manager to invest in short positions.  As a result of these discussions, the Board has decided that it would not be appropriate to seek to modify the investment policy at this time. Accordingly, the Board intends to withdraw resolutions 10 and 12 as set out in the notice of the Annual General Meeting to be held on Friday 26 September 2008


The Board has also decided that the performance fee arrangements between the Company and the Manager should be maintained in their current form; the proposed changes discussed in the Chairman's Statement will therefore not be implemented.



- ENDS -


For further information, please contact:


Dudley Fishburn
Chairman
The Henderson Smaller Companies Investment Trust plc
Telephone: 020 7818 4469


Neil Hermon
Fund Manager
The Henderson Smaller Companies Investment Trust plc
Telephone: 020 7818 4351


James de Sausmarez

Head of Investment Trusts

Henderson Global Investors

Telephone: 020 7818 3349


Robbie Robertson                    
Andrew Zychowski
David Yovichic

Collins Stewart

Telephone: 020 7523 8000


This information is provided by RNS
The company news service from the London Stock Exchange
 
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