Last checked at 
17 Oct 2013 07:00
Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Japan, New Zealand or the Republic of South Africa or any other jurisdiction in which the same would be unlawful
17 October 2013
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC
RESULT OF tender offer
The Company announces the result of the Tender Offer set out in its circular to Shareholders dated 24 September 2013 (the "Circular"), which closed on 16 October 2013.
15,372,882 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 approximately 0.62 per cent. of the excess Shares tendered. Accordingly, 1,156,153 Shares will be purchased at a price of 475p per Share, resulting in a total cost of approximately £5.5 million.
As set out in the Circular, the Shares in respect of which tenders have been accepted will be purchased by Cantor Fitzgerald pursuant to the Tender Offer and the Company will buy-back such Shares from Cantor Fitzgerald. The Shares bought back by the Company will be cancelled, reducing the Company's issued share capital from 23,123,060 Shares to 21,966,907 Shares (none of which are held in treasury). Accordingly, with effect from 22 October 2013, the total number of voting rights in the Company will be 21,966,907, 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 FCA's Disclosure and Transparency Rules.
The timetable for settlement of the Tender Offer consideration is expected to be as follows:
2013
Payments through CREST made in respect of Sharesheld in uncertificated form successfully tendered Tuesday, 22 October
CREST accounts settled in respect ofunsold tendered Shares held in uncertificated form Tuesday, 22 October
Cheques despatched in respect of Shares held in certificatedform successfully tendered by Tuesday, 29 October
Balancing certificates despatched in respect ofunsold tendered Shares held in certificated form by Tuesday, 29 October
Enquiries
Graeme Murray | Dunedin LLP | T: 0131 225 6699 |
Sue Inglis | Cantor Fitzgerald Europe | T: 020 7894 8016 |
Notes
Words and expressions defined in the Circular have the same meanings when used in this announcement.