THRS Throg.Trust S

 
TIDMTHRG TIDMTHRS 
 
THE THROGMORTON TRUST PLC (the "Company) 
 
                          RESULTS OF THE TENDER OFFER 
 
The Board of The Throgmorton Trust Plc announces the results of the proposed 
tender offer for up to 25 per cent of the Ordinary Shares in issue (the "Tender 
Offer)" which closed on 28 June 2010. The Tender Offer is subject to 
Shareholder approval at the General Meeting of the Company to be held at 
33 King William Street, London EC4R 9AS at 2.00 pm on 1 July 2010. 
 
Valid tenders were received from Shareholders tendering; 
 
- for cash at the Tender Price per Cash Exit Share in respect of 10,132,913 
  Ordinary Shares (13.7 per cent of the Company's Ordinary Shares in issue 
  excluding treasury shares); and 
 
- for shares pursuant to the In Specie Distribution Option in respect of 
  5,675,770 Ordinary Shares (7.6 per cent of the Company's Ordinary Shares in 
  issue excluding treasury shares). 
 
In total, 21.3 per cent of the Company's Ordinary Shares outstanding on the 
Tender Closing Date will be repurchased under the Tender Offer. The Tender 
Offer was undersubscribed and the Company will not therefore be implementing 
the Subsequent Repurchase of up to 14.99 per cent. of the Ordinary Shares in 
issue on the Record Date. 
 
Defined terms in this announcement have the same meaning as in the Circular. 
 
Expected timetable: 
 
Record date for the Tender Offer           close of business on 12 April 2010 
 
Latest time and date for receipt of                 2.00 p.m. on 29 June 2010 
Forms of Proxy for General Meeting 
 
General Meeting                                      2.00 p.m. on 1 July 2010 
 
Results of General Meeting and                                    2 July 2010 
Tender Offer announced 
 
Calculation date                             close of business on 5 July 2010 
 
Balancing and new Ordinary Share                expected to be by 6 July 2010 
certificates despatched and CREST 
accounts credited 
 
Transfer of portfolio assets to                                  14 July 2010 
Qualifying Shareholders that have 
elected for the In Specie Distribution 
Option 
 
Date of Court hearing to confirm                                 28 July 2010 
cancellation of the share premium 
account 
 
First interim distribution under the           expected to be by 22 July 2010 
Tender Offer announced: cheques 
dispatched and payments through CREST 
made 
 
Tender Price per Cash Exit Share         as soon as practicable after General 
announced; final distribution under      Meeting but expected to be by end of 
Tender Offer of assets in Tender Pool                             August 2010 
announced; cheques despatched and 
payments through CREST made 
 
Enquiries: 
 
Kerry Higgins 
Representing the Company Secretary 
BlackRock Investment Management (UK) Limited 
Telephone: 020 7743 1089 
 
Jonathan Ruck Keene 
BlackRock Investment Management (UK) Limited 
Telephone: 020 7743 2178 
 
Joe Winkley/Gareth Price 
Oriel Securities Limited 
Telephone: 020 7710 7600 
 
 
 
END 
 

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