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| TIDM | ESCT |
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On 26 June 2025, The European Smaller Companies Trust PLC repurchased 50,710,953 Ordinary Shares at 213.80 pence per share via its Tender Offer Cash Exit Option, with payments expected on 4 July 2025. All repurchased shares will be held in treasury, resulting in an issued ordinary share capital of 279,246,204 Ordinary Shares of 1.5625 pence each, with 51,644,691 Ordinary Shares held in treasury and 227,601,513 total voting rights.
| Date | 26 Jun 2025 |
| Time | 17:47:13 |
| Category | Capital structure |
| ID | 6439O |
JANUS HENDERSON FUND MANAGEMENT UK LIMITED
THE EUROPEAN SMALLER COMPANIES TRUST PLC
Legal Entity Identifier: 213800N1B1HCQG2W4V90
26 June 2025
THE EUROPEAN SMALLER COMPANIES TRUST PLC
(the "Company")
Repurchase of Cash Exit Shares
and Completion of the Tender Offer
The Company announces that, in connection with the Tender Offer, it has today repurchased 50,710,953 Ordinary Shares* pursuant to the Cash Exit Option. The Tender Price per Cash Exit Share was 213.80 pence. All of the Cash Exit Shares repurchased will be held in treasury.
It is expected that payments in respect of Cash Exit Shares held in uncertificated form will be made in CREST on 4 July 2025 and that cheques will be dispatched on 4 July 2025 in respect of Cash Exit Shares held in certificated form.
Following the above purchase, the Company's issued ordinary share capital is 279,246,204 Ordinary Shares of 1.5625 pence each, of which 51,644,691 Ordinary Shares are held in treasury.
As treasury shares have no voting rights, the total number of voting rights in the Company is now 227,601,513. Shareholders should use this figure as the denominator for 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 Disclosure Guidance and Transparency Rules.
Defined terms used in this announcement shall, unless the context requires otherwise, have the meanings ascribed to them in the circular to Shareholders published by the Company on 15 April 2025.
* The number of Ordinary Shares to be repurchased differs from the 50,726,953 Cash Exit Shares announced by the Company on 20 May 2025 and 24 June 2025 due to the inability of one tendering shareholder to settle their tender election.
Enquiries:
Janus Henderson Secretarial Services UK Limited
Corporate Secretary to The European Smaller Companies Trust PLC
+44 (0)20 7818 1818
Winterflood Securities Limited
Neil Langford / Rose Ramsden / Sophia Bechev (Corporate Finance)
Darren Willis / Innes Urquhart (Corporate Sales)
+44 (0)20 3100 0000