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TR European Growth (TRG)

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Tuesday 03 November, 2009

TR European Growth

Tender Offer Repurchase Price

RNS Number : 8998B
TR European Growth Trust PLC
03 November 2009
 



HENDERSON GLOBAL INVESTORS

TR EUROPEAN GROWTH TRUST PLC

3 November 2009


TR European Growth Trust PLC

Tender Offer Repurchase Price

 

Further to the announcement made by TR European Growth Trust PLC (the "Company") on 2 November 2009 concerning the passing of the special resolution at the General Meeting to give effect to the Tender Offer for Shares in the Company and the result of the Tender Offer, the Board today announces that the Net Asset Value as at the Calculation Date was 406.3148 pence per Share. Accordingly, the Repurchase Price, which has been calculated in accordance with paragraph 3 of Part IV of the circular to Shareholders dated 30 September 2009 (the "Circular"), is 379.9043 pence per Share.


3,356,055 Shares will be repurchased by the Company at the Repurchase Price and cancelled; this equates to 5.2 per cent. of the Company's shares in issue at 30 June 2009.  The directors are pleased to announce that all tendered Shares will be accepted and therefore they have been able to satisfy the preferences of all Shareholders.  It is expected that cheques will be despatched and CREST payments made on 6 November 2009.

 

Following the implementation of the Tender Offer, the Company will have 59,375,803 Shares in issue. 

 

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular. 


- ENDS -


James de Sausmarez 
Head of Investment Trusts 
Henderson Global Investors 
 
020 7818 3349
Jane Lewis
Winterflood Investment Trusts
020 3100 0295

 

Winterflood Securities Limited, which is authorised and regulated in the UK by the Financial Services Authority, is, through its division Winterflood Investment Trusts, acting for the Company and for no-one else in connection with the contents of this announcement and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Winterflood Investment Trusts or for providing advice in relation to the contents of this announcement or any matter referred to herein.




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