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LONDON - The European Smaller Companies Trust PLC (the "Company") has completed the repurchase of 115,386,122 Ordinary Shares at a tender price of 210.40 pence per share. This transaction is part of the In Specie Consideration Option connected to the Company’s Tender Offer, announced today.
The repurchased In Specie Exit Shares are set to be cancelled, which will affect the Company’s issued share capital and voting rights. Following the cancellation, the Company’s issued ordinary share capital will consist of 279,246,204 Ordinary Shares, with 817,028 of these held in treasury and thus not carrying voting rights. Consequently, the total number of voting rights in the Company now stands at 278,429,176.
Shareholders who took part in the In Specie Option will bear any related stamp duty, stamp duty reserve tax, or transfer or registration taxes, whether these are levied in the UK or elsewhere, on the transferred assets.
The Company’s repurchase action follows the terms defined in the circular distributed to shareholders on April 15, 2025. This move may influence shareholders’ notification requirements under the Disclosure Guidance and Transparency Rules, using the updated total voting rights figure as the denominator.
It’s important to note that this news is based on a press release statement and presents the facts without any promotional language or subjective assessment. The European Smaller Companies Trust PLC has not disclosed any further intentions or potential impacts of the share repurchase on its operations or financial performance.
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