GSM Gart.Sml.Co

 
TIDMGSM 
 
GARTMORE SMALLER COMPANIES TRUST P.L.C. 
                                (THE "COMPANY") 
                      (in members' voluntary liquidation) 
 
                                3 FEBRUARY 2009 
 
                RESULT OF SECOND EXTRAORDINARY GENERAL MEETING 
 
Result of Second EGM 
 
Further to the announcement made on 23 December 2008 regarding proposals for 
the reconstruction and winding up of the Company, the Directors are pleased to 
announce that the special resolution putting the Company into liquidation and 
giving final effect to the proposals was duly passed at the Second 
Extraordinary General Meeting held earlier today. 
 
Under the terms of the Scheme, the FAV per Share (being the net asset value of 
an ordinary share in the capital of the Company calculated in accordance with 
the Scheme) as at 5.00 p.m. on 27 January 2009) was 330.98 pence inclusive of 
Scheme costs and 340.55 pence exclusive of Scheme costs. 
 
As a result of elections received from the Company's shareholders, 31,189,825 
Continuation Shares will be issued by Standard Life Smaller with a value of 
approximately GBP31.2 million and cash and other assets with a value of 
approximately GBP3.6 million will remain in the Realisation Fund to be returned 
to the Company's shareholders who elected for the Cash Option over the next 
twelve months as the assets are realised. Cash and other assets with a value of 
approximately GBP10.9 million will be distributed under elections received in 
relation to the In Specie Distribution Option. 
 
The Board is pleased at the level of support received for the Proposals and the 
holders of approximately 68 per cent of the Company's shares will continue with 
an investment in UK smaller companies through the Continuation Shares which 
will convert into ordinary shares of Standard Life Smaller over a period of up 
to 12 months from 3 February 2009. Standard Life Investments will assume the 
management of the Continuation Shares and the Realisation Fund as of 3 February 
2009. 
 
Shareholders should note that the annual general meeting of the Company 
convened for 25 February 2009 will not be held. 
 
Copies of the resolution passed at the Second Extraordinary General Meeting 
have been submitted to the UK Listing Authority and will shortly be available 
for inspection at the UK Listing Authority's Document Viewing Facility, which 
is situated at: 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London E14 5HS 
 
Tel: 020 7066 1000 
 
Enquiries 
 
Robin Archibald/Jane Lewis 
Winterflood Investment Trusts 
020 3100 0290/0295 
 
Notes 
 
Words and expressions defined in the circular issued by the Company dated 23 
December 2008 have the same meanings when used in this announcement unless the 
context requires otherwise. 
 
Winterflood Investment Trusts, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting for the Company and for 
no-one else in connection with the Proposals and will not be responsible to 
anyone other than the Company for providing the protections afforded to 
customers of Winterflood Investment Trusts or for providing advice in relation 
to the Proposals. 
 
END 
 
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END 
 

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