Last checked at 
30 Mar 2012 10:20
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
30 March 2012
DUNEDIN ENTERPRISE INVESTMENT trust plc
TENDER OFFER
On 16 February 2012, the Board announced that, following the sale of the Company's investment in SWIP Private Equity Fund of Funds II plc for an aggregate cash consideration of approximately €17.37 million and in accordance with the Company's distribution policy announced on 1 November 2011, the Board was proposing to return approximately £14.31 million of the sale proceeds via a tender offer for up to 10 per cent. of the Shares currently in issue at a price of 475p per Share (the "Tender Offer"), equivalent to a 12.2 per cent. discount to the NAV per Share as at 31 December 2011.
A circular to Shareholders setting out the terms and conditions of the Tender Offer and instructions on how Shareholders may participate in the Tender Offer, should they wish to do so, and convening a general meeting of the Company to seek Shareholder approval of the Tender Offer will be despatched to Shareholders later today. A copy of that circular will also be submitted to the National Storage Mechanism later today and will be available for inspection at www.hemscott.com/nsm.do.
The expected timetable for the Tender Offer is as follows:
2012
Latest date and time for receipt of Forms of Directionfor General Meeting 5.00 p.m. on Monday, 16 April
Latest time and date for receipt of Forms of Proxy andappointments of proxies utilising CREST electronic proxyappointment service for General Meeting 12.30 p.m. on Thursday, 19 April
General Meeting 12.30 p.m. on Monday, 23 April
Latest time and date for receipt of Tender Forms andTTE Instructions in CREST for Tender Offer 3.00 p.m. on Monday, 23 April
Record date for Tender Offer close of business on Monday, 23 April
Result of Tender Offer announced Tuesday, 24 April
Payments through CREST made in respect of Sharesheld in uncertificated form successfully tendered Friday, 27 April
CREST accounts settled in respect ofunsold tendered Shares held in uncertificated form Friday, 27 April
Cheques despatched in respect of Shares held in certificatedform successfully tendered by Monday, 30 April
Balancing certificates despatched in respect ofunsold tendered Shares held in certificated form by Friday, 4 May
Shares successfully tendered pursuant to the Tender Offer will not qualify for the final dividend of 5.0p per Share for the year ended 31 December 2011, which will be paid, subject to Shareholder approval, on Friday, 25 May 2012 to Shareholders on the register at close of business on Friday, 4 May 2012.
Enquiries
Shaun Middleton/Graeme Murray | Dunedin Capital Partners Limited | T: 0131 225 6699 |
Sue Inglis/Gordon Neilly | Canaccord Genuity Limited | T: 020 7050 6779T: 020 7050 6778 |
Notes
Words and expressions defined in the circular to Shareholders dated 30 March 2012 have the same meanings when used in this announcement.
Canaccord Genuity, which is authorised and regulated in the United Kingdom by the FSA, is acting solely for Dunedin Enterprise Investment Trust plc and for no one else, in connection with the Tender Offer and will not be responsible to anyone other than Dunedin Enterprise Investment Trust plc for providing the protections afforded to clients of Canaccord Genuity or for affording advice in relation to the Tender Offer.