F&C Global Smaller : Results of Convertible Unsecured Loan Stock Offer

25 July 2014

Not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, Japan, New Zealand or the Republic of South Africa or any other jurisdiction in which the same would be unlawful .

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, CULS or any other security in F&C Global Smaller Companies PLC or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the Prospectus and any supplement to the Prospectus.

F&C Global Smaller Companies PLC (the "Company")

Result of Open Offer, Placing and Offer for Subscription of up to £40 million nominal of 3.5 per cent. Convertible Unsecured Loan Stock at 100p per £1 nominal ("CULS")

On 25 June 2014, the Company announced a proposed Open Offer, Placing and Offer for Subscription of up to £40 million in nominal value of CULS at an Issue Price of 100p per nominal unit (the "Issue"). 

The Company is pleased to announce today that the Issue has been oversubscribed.   A total of £40 million nominal of CULS will be issued (subject to Admission).  All applications made pursuant to entitlements under the Open Offer and under the Excess Application Facility will be met in full.  Applications under the Placing and Offer for Subscription will be subject to scaling back at the discretion of the Company.

As previously announced, a special resolution was passed at the General Meeting of the Company yesterday which granted the Directors the authority to issue, on a non pre-emptive basis, Shares and grant rights to convert any security into Shares of the Company in connection with the Issue.

Application has been made for the CULS to be admitted to the Official List and to trading on the London Stock Exchange's main market for listed securities ("Admission"). It is expected that Admission will become effective and dealings in the CULS will commence on 30 July 2014.

Enquiries

F&C Investment Business Limited                       020 7628 8000

Peter Ewins         

Jan Baker           

Hugh Potter

Oriel Securities Ltd                                            020 7710 7600

Neil Winward                     

Mark Bloomfield

Important Information

Words and expressions defined in the Prospectus published on 27 June 2014 will have the same meanings when used in this announcement.

Oriel Securities Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority and is acting for F&C Global Smaller Companies PLC and no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than F&C Global Smaller Companies PLC for providing the protections afforded to its clients or for affording advice in relation to any of the matters referred to herein.

The CULS have not been, nor will be, registered under the Securities Act or under the securities legislation of any state or other political sub division of the United States and the relevant clearances have not been and will not be, obtained from the securities commission of any province or territory of Canada, Australia or Japan and they may not, subject to certain exceptions, be offered or sold directly or indirectly in, into or within the United States, Canada, Australia or Japan or to, or for the account or benefit of, a US Person (as defined in the Securities Act) or any national, citizen or resident of the United States, Canada, Australia or Japan.