21 Dec 2007 16:03
CHELVERTON GROWTH TRUST PLC (THE "COMPANY") RESULT OF THE TENDER OFFER
This announcement is made further to the circular to shareholders issued by the Company on 23 November 2007 concerning the tender offer by Ellis Stockbrokers Limited to purchase up to 15 per cent. of the issued ordinary shares in the Company (the "Tender Offer"), which was approved by shareholders at the annual general meeting held on 20 December 2007.
The tender price (which is calculated as being equal to 92.5 per cent. of the net asset value per share on 20 December 2007) is 42.15 pence per ordinary share.
Pursuant to the Tender Offer, 2,624,973 ordinary shares being 15 per cent. of the issued ordinary shares will be repurchased and cancelled on 14 January 2008 with settlement on 17 January 2008.
As a result of the above, there will be 14,875,027 ordinary shares of 1p each in issue. As the Company does not hold any ordinary shares in Treasury, its total number of voting rights equals the number of Ordinary shares in issue. The above figure may be used from 17 January 2008, by shareholders 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.
Contact:William van HeesewijkTel. 020 7222 8989
CHELVERTON GROWTH TRUST PLC