THRS Throg.Trust S

 
TIDMTHRG TIDMTHRS 
 
21 July 2010 
 
                           The Throgmorton Trust PLC 
 
                       ("Throgmorton" or the "Company") 
 
        Distribution to Exiting Shareholders under the Cash Exit Option 
 
Pursuant to the Tender Offer, the Board is pleased to announce that the Tender 
Pool is close to being realised in full. It is not therefore proposed to make 
the interim distribution to exiting shareholders which was expected to be made 
by 22 July 2010. 
 
Final payment to Shareholders under the Cash Exit Option of the Tender Offer, 
together with any interest accruing thereon, is expected to be made to Exiting 
Shareholders on or by Tuesday, 27 July 2010. 
 
Forms of payment for Exiting Shareholders are as follows: 
 
  * Exiting Shareholders who held Shares in uncertificated form in CREST will 
    be paid the consideration through CREST on or by 27 July 2010 in favour of 
    the Exiting Shareholders' payment bank in accordance with the CREST payment 
    arrangement. 
 
  * Exiting Shareholders who held Shares in certificated form will receive a 
    cheque for the consideration from the Registrars by first class post to the 
    registered address of the Exiting Shareholder or, in the case of joint 
    holders, the registered address of the first named holder. Cheques are 
    expected to be posted on or by 27 July 2010. 
 
In accordance with the terms of the Tender Offer the Company has repurchased a 
total of 5,675,770 Ordinary Shares pursuant to the In Specie Distribution 
Option. A further 10,132,913 Ordinary Shares will be repurchased under the Cash 
Exit Option. 
 
It is proposed to cancel the 7,400,000 Ordinary Shares currently held in 
treasury and replace these with 7,400,000 of the 15,808,683 Ordinary Shares 
that will in due course have been repurchased as a result of the Tender Offer. 
The remaining 8,408,683 Ordinary Shares repurchased under the Tender Offer will 
also be cancelled 
 
Following completion of the Tender Offer the number of Ordinary Shares that the 
Company will have in issue, less the total number of Ordinary Shares held by 
the Company in Treasury, is 58,355,792. 
 
A further announcement advising of the Tender Price per Cash Exit Share will be 
made in due course. 
 
Defined terms in this announcement have the same meaning as in the Circular to 
Shareholders dated 4 June 2010. 
 
Enquiries: 
 
BlackRock Investment Management (UK) Limited 
Kerry Higgins +44 207 743 1089 
 
Oriel Securities 
Gareth Price +44 207 710 7626 
 
 
 
END 
 

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