HgCapital Trust plc Regulatory News (HGT)

29 Sep 2011 17:36

HgCapital Trust plc (the "Company")

Circular re exercise of Subscription Rights

The Board has today sent to holders of redeemable subscription shares of 1p each in the Company (the "Subscription Shares") a circular (the "Circular") reminding them that they have the right ("Subscription Right") (but not the obligation) to subscribe in cash for ordinary shares of 25p each in the Company (the "Ordinary Shares") on the subscription dates set out below (each a "Subscription Date") and at the applicable subscription price (each a "Subscription Price"):

Subscription Date Subscription Price(per share)31 October 2011 950p31 May 2012 950p31 October 2012 950p31 May 2013 1025p

The next Subscription Date is 31 October 2011 and the Subscription Price payable on this date is 950p per share. The Subscription Rights are exercisable by notice to the Company during the period of 30 days up to and including the Business Day before 31 October 2011.

If the Subscription Rights are not exercised on this occasion, the holders of Subscription Shares will have 3 further opportunities to do so during the period of 30 days up to and including the Business Day before the relevant Subscription Date(s) as set out above (at the applicable Subscription Price). Please note that the Subscription Rights will lapse after 30 May 2013 (being the Business Day immediately preceding the last Subscription Date of 31 May 2013).

The exercise of Subscription Rights by the holders of Subscription Shares is subject to the terms and conditions attached to the Subscription Shares as described in Part V of the Company's prospectus dated 11 March 2010 and the Company's articles of association.

The terms and conditions of the Subscription Shares allow for the Subscription Shares to be held in certificated form or in uncertificated form (i.e. in CREST), in accordance with the Uncertificated Securities Regulations 2001. Accordingly, the procedure for exercising Subscription Rights depends on whether the Subscription Shares are held in certificated form or uncertificated form. Full details of the procedure are set out in the Circular.

The Company's directors make no recommendation as to whether holders of Subscription Shares should exercise their Subscription Rights.

The Ordinary Shares resulting from the exercise of the Subscription Rights will rank pari passu with the Ordinary Shares then in issue (save for any dividends or other distributions declared, made or paid on the Ordinary Shares by reference to a record date prior to the allotment of the relevant Ordinary Shares).

The Ordinary Shares arising on the exercise of Subscription Rights will be allotted and issued within 14 days of the relevant Subscription Date (and with effect from the Subscription Date).

The information in this announcement should be read in conjunction with the full text of the Circular dated 26 September 2011. Capitalised terms used but not defined in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

The Company has submitted the Circular to the National Storage Mechanism and it will shortly be available for inspection at www.Hemscott.com/nsm.do.

Enquiries:

Computershare Investor Services plcComputershare Priority Applications, Corporate ActionsThe Pavilions, Bridgwater RoadBristol BS99 6AJ0870 702 0131Hg Pooled Management Limited2 More London RiversideLondon, SE1 2AP+44 (0)20 7089 7888

Neither the contents of the HgCapital or National Storage Mechanism websites, nor the contents of any website accessible from hyperlinks on those websites (or any other website) is incorporated into, or forms part of, this announcement.