Events

Chelverton UK Dividend Trust EGM 2025

Description

Further to the announcement on 6 March 2025, the Company and 2031 ZDPCo announce that they have published a prospectus (the “Prospectus”) in relation to:

  • an issue of up to 15 million new zero-dividend preference shares in 2031 ZDPCo (“2031 ZDP Shares”) consisting of (a) a rollover offer  to holders of zero-dividend preference shares in Existing ZDPCo (the “Rollover”)  in connection with Existing ZDPCo’s entry into a members’ voluntary liquidation under section 110 of the Insolvency Act 1986 (the “Scheme”)  and (b) (to the extent that less than 15 million 2031 ZDP Shares are elected under the Rollover) a placing of 2031 ZDP Shares to other investors (the “ZDP Placing”) (the Scheme and the ZDP Placing, together, the “ZDP Issue”). 2031 ZDPCo is a recently incorporated wholly-owned subsidiary of the Company and will issue 2031 ZDP Shares at the ZDP Issue Price of 100 pence per 2031 ZDP Share; and
  • a Placing Programme by the Company of up to 8 million Ordinary Shares (the “Ordinary Share Placing Programme”), and a placing programme by 2031 ZDPCo of up to 3 million further 2031 ZDP Shares (the “ZDP Placing Programme”)

The Company has also published a circular (the “Company Circular”) today convening a General Meeting to propose resolutions to (i) grant the power to allot (a) up to 8 million new Ordinary Shares pursuant to the Ordinary Share Placing Programme and (b) up to 20 per cent. of the aggregate nominal amount of the issued ordinary share capital of the Company immediately following completion of the Ordinary Share Placing Programme, and (ii) disapply statutory rights of pre-emption in relation to such allotment.

The second convened general meeting of Existing ZDPCo to approve the Scheme and to place Existing ZDPCo into members’ voluntary liquidation.

Schedule Overview

Date Number of Sessions First Session Starts Last Session Ends
Monday 28th 2025 1 11:00 AM 12:00 PM

Schedule Details

Day Time Session Details
Day 1 11:00 AM12:00 PM
Session

Chelverton UK Dividend Trust EGM 2025

Ticket Price