Shareholders' Entitlements under the Scheme
June 24 2010 - 6:35AM
UK Regulatory
TIDMFUS
RNS Number : 1833O
F&C UK Select Trust PLC
24 June 2010
Not for release, publication or distribution in or into Australia, Canada, China
or the United States
24 June 2010
F&C UK Select Trust PLC
SHAREHOLDERS' ENTITLEMENTS UNDER THE SCHEME
Further to the announcement made on 22 April 2010 regarding recommended
proposals for the reconstruction and winding-up of the Company, the Company
announces that Shareholders' entitlements under the Scheme are as follows:
· Elections for the Cash Option
The cash entitlement of a Share in respect of which an Election was made, or
deemed to have been made, for the Cash Option (being its LAV as at 23 June) is
85.08p. Cheques are expected to be despatched and CREST accounts are expected
to be credited (as appropriate) in respect of such cash entitlements in the week
commencing Monday, 28 June 2010.
· Elections for the UKOF Option
The value of a Share in respect of which an Election was made for the UKOF
Option and the price of a UKOF Share as at 12 noon on 23 June (the valuation
point for the purpose of determining entitlements under the UKOF Option) were
85.81p and 49.74p respectively. Accordingly, Shareholders will receive
1.72591680 UKOF Shares per Share in respect of which an Election was made for
the UKOF Option and fractional entitlements to UKOF Shares will be rounded up to
the nearest 100th of a UKOF Share.
The assets in the UKOF Fund have been transferred to UKOF. Written
confirmations of ownership of UKOF Shares are expected to be despatched to
Shareholders who elected for the UKOF Option in the week commencing Monday, 28
June 2010.
Enquiries
+-----------------+--------------+---------------+
| Mike | F&C | T: |
| Woodward/Martin | Management | 0207 628 8000 |
| Cassels | Limited | |
+-----------------+--------------+---------------+
| Sue | Canaccord | T: 020 |
| Inglis | Genuity | 7050 6779 |
| | Limited | |
+-----------------+--------------+---------------+
| Mark | Ernst | T: |
| McCartney | & | 0131 777 2209 |
| | Young | |
| | LLP | |
| | (Liquidators | |
| | of F&C UK | |
| | Select Trust | |
| | plc) | |
+-----------------+--------------+---------------+
Notes
Unless the context otherwise requires, terms used in this announcement shall
bear the meanings given to them in the circular to F&C UK Select Trust plc's
shareholders dated 30 April 2010.
Canaccord Genuity Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting for F&C UK Select Trust
plc and no-one else in connection with the Proposals and will not be responsible
to anyone other than F&C UK Select Trust plc for providing the protections
afforded to customers of Canaccord Genuity Limited or for providing advice in
relation to the Proposals, the contents of this announcement or any other matter
referred to in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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