RLUA Royal Lon Tst A

    RNS Number : 2812D
  Royal London UK Eqty&Income Tst PLC
  11 September 2008
   

    Royal London UK Equity & Income Trust plc (the "Company") and Royal London UK Equity & Income Securities plc (the "Subsidiary")

    Both in Members' Voluntary Liquidation


    11 September 2008

    Result of Second Extraordinary General Meetings

    Further to the proposals for the voluntary winding-up and reconstruction of the Company and the Subsidiary announced on 8 August 2008,
resolutions giving final effect to the proposals were duly passed at the Second Extraordinary General Meetings of the Company and the
Subsidiary held today. Accordingly, the Liquidators, Patrick Brazzill and Margaret Mills, both of Ernst & Young LLP, 1 More London Place,
London, SE1 2AF, have now been appointed to wind up the affairs and distribute the assets in accordance with the Scheme.

    As at the close of business on 10 September 2008, the Calculation Date, the Terminal Value of the Ordinary Shares has been calculated at
20.0944p per share and of the ZDP Shares at 179.89p.  The initial amount available to be paid to Ordinary Shareholders who elected to
receive the cash option is 14.51p per share, with a second payment to be made to those shareholders following the final realisation of the
assets of the Company, expected to be completed shortly. The Liquidators will finalise the division of the assets into the various Rollover
Pools and realise the remaining assets. It is expected that cheques for these respective amounts will be despatched, and Crest accounts
credited where appropriate, in the week beginning 15 September 2008 to Shareholders who elected or were deemed to elect to receive cash.

    In respect of the ZDP Shareholders who elected for Rollover Funds, the Rollover prices of the Rollover Funds as at 12.00 noon on 11
September 2008 were 167.60p per Royal London UK Growth Trust Unit, 82.50p per Royal London Corporate Bond Trust Unit and 102.80p per Royal
London Cash Trust Unit. Accordingly, such ZDP Shareholders will receive 1.0733 Royal London UK Growth Trust Units, 2.1805 Royal London
Corporate Bond Trust Units and 1.7499 Royal London Cash Trust Units per ZDP share.

    In respect of the Ordinary Shareholders who elected for Rollover Funds, the assets in the Rollover Pools have now been transferred to
the Rollover Funds and, based on their value recalculated by the Unit Trust Manager and the Rollover Prices above, such Ordinary
Shareholders will receive 0.1199 Royal London UK Growth Trust Units, 0.2436 Royal London Corporate Bond Trust Units and 0.1955 Royal London
Cash Units per Ordinary Share.

    Details of the number of proxy votes cast for, against and withheld on the resolutions can be found on the Royal London website,
www.rlam.co.uk. Copies of all resolutions passed, which were passed as special resolutions, will be submitted to the UK Listing Authority
for inspection at the Document Viewing Facility, Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.
Telephone: 020 7066 1000.

    Terms used in this announcement shall have the same meaning as in the Circular dated 8 August 2008.

    For further information please contact:

    Rachael Nelson
    BNP Paribas Secretarial Services Limited
    020 7410 3132


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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