Strategic Eqty Regulatory News (SEC)

8 May 2012
STRATEGIC EQUITY CAPITAL PLC
result of tender offer

The Company announces the results of the Tender Offer set out in the circular to Shareholders dated 30 March 2012 (the "Circular"), which closed on 4 May 2012 following Shareholder approval at a general meeting of the Company held on 3 May 2012.

46,310,834 Shares were validly tendered under the Tender Offer. As a result, all valid tenders will be satisfied in full up to the Basic Entitlement and, following application of the scale-back mechanism (as set out in the Circular), tenders in excess of the Basic Entitlement will be satisfied to the extent of 1.2869 per cent. of the excess Shares tendered (each such satisfied entitlement being rounded down to the nearest whole number of Shares). Accordingly, 2,804,879 Shares, representing 4 per cent. of the Company's current issued share capital, will be purchased at the Tender Price, which will be announced later today.

As set out in the Circular, the Shares in respect of which tenders have been accepted will be purchased by Canaccord Genuity pursuant to the Tender Offer and the Company will buy-back such Shares from Canaccord Genuity. The Shares bought back by the Company will be cancelled, reducing the Company's issued share capital from 70,122,203 Shares to 67,317,324 Shares (none of which Shares will be held in treasury). Accordingly, with effect from 10 May 2012, the total number of voting rights in the Company will be 67,317,324, and this figure may be used by investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

The timetable for settlement of the Tender Offer consideration is expected to be as follows:

2012
Payments through CREST made in respect of Shares
held in uncertificated form successfully tendered Thursday, 10 May
CREST accounts settled in respect of
unsold tendered Shares held in uncertificated form Thursday, 10 May

Cheques despatched in respect of Shares held in certificated form successfully tendered Friday, 11 May

Balancing certificates despatched in respect of
unsold tendered Shares held in certificated form by Friday, 11 May
Enquiries
Sue Inglis/ Canaccord Genuity Limited T: 020 7050 6779
Gordon Neilly T: 020 7050 6778

Adam Steiner SVG Investment Managers Limited T: 020 7050 8900
Notes

Words and expressions defined in the Circular have the same meanings when used in this announcement.