Dunedin Ent.it. Regulatory News (DNE)

Dunedin Enterprise Investment Trust PLC (Company No SC52844)

LEI: 213800E2VLUZ5AF9Z434

Fourth Return of Capital via the issue of B Shares

We are pleased to announce that the Board has decided to return £5.2m to shareholders via a further issue of B Shares, pursuant to the mechanism approved by shareholders on 11 May 2017.

This return of capital follows the re-financings at FRA and Kingsbridge, the realisation of Litalsa and the renewal of the banking facility to 31 May 2020 at a lower level of £5m.

This fourth return of capital follows the first issue of B Shares in December 2017 which returned £20.6m of capital to shareholders, a second issue of B Shares in February 2018 which returned £10.3m of capital to shareholders and a third issue of B Shares in October 2018 which returned £10.3m of capital to shareholders. A total of £114m will have been returned to shareholders since 2012 via dividends and returns of capital.

B Shares of 1 pence each will be paid up from capital and issued to all shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of 25 B Shares for every one Ordinary Share held at the record date of 6.00pm on 11 June 2019. The B Shares will be issued on 12 June 2019 and immediately redeemed at 1 pence per B Share. The Ordinary Shares will trade ex-B Share entitlement with effect from 10 June 2019. The proceeds from the redemption of the B Shares will be sent to shareholders on 26 June 2019, either through CREST to uncertificated shareholders or via cheque to certificated shareholders.

The net asset value per share at 31 March 2019 was 427.2p. Following the dividend payment of 2p per share on 16 May 2019 and the fourth return of capital of £5.2m on 26 June 2019 the net asset value per share will be 400.2p.

A copy of the Circular sent to Shareholders is available on the Company's website (www.dunedinenterprise.com).

Also available on the website is a Guide to the B Share Scheme which includes an illustration for the computation of the chargeable gain on the B Shares for tax purposes.

This announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014. Upon publication of this announcement, this inside information is now considered to be in the public domain.

For further information, please contact:

Dunedin LLP, Company Secretary

Telephone: 0131 225 6699

For further information on Dunedin Enterprise, please go to www.dunedinenterprise.com 

3 June 2019

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