ENG Elec.& Gen.It

TIDMENG

RNS Number : 4713K

Electric & General Inv Tst PLC

15 July 2011

15 July 2011

Electric & General Investment Trust plc (the "Company")

Repayment of debenture stock

The Company entered into a trust deed on 27 March 1934, which was subsequently amended on 20 February 1976, 18 August 1986 and 8 January 1997, pursuant to which the Company issued a number of series of debenture stock. The only outstanding line of debenture stock is the GBP7,000,000 10.75 per cent. 2011 debenture stock and the Company has agreed with the current trustee, the Law Debenture Corporation plc to redeem this stock on 22 July 2011. The stock will be redeemed for GBP7,376,250, being its principal level of GBP7,000,000 together with all accrued interest of GBP106,913 and interest that would have accrued if the debenture stock had been redeemed as scheduled on 30 November 2011 of GBP269,337. Following redemption of the stock and prior to the distribution of assets pursuant to the Scheme, the floating charge granted by the Company as security for the stock will be released and removed from the charges register.

Expected timetable

 
            Record date               18 July 2011 
            Payment date              22 July 2011 
 

Enquiries

 
            William Simmonds 
             J.P. Morgan Cazenove               020 7588 2828 
 

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J.P. Morgan Cazenove, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Electric & General Investment Trust plc and for no one else, including any recipient of the Circular, in connection with the Proposals and will not be responsible to anyone other than Electric & General Investment Trust plc for providing the protections afforded to clients of J.P. Morgan Cazenove or for providing advice in relation to the Proposals or any other matter referred to therein.

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This information is provided by RNS

The company news service from the London Stock Exchange

END

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