HENDERSON OPPORTUNITIES TRUST PLC

LEGAL ENTITY INDENTIFIER (LEI):  2138005D884NPGHFQS77

14 March 2025

HENDERSON OPPORTUNITIES TRUST PLC

Results of Scheme Entitlements

Further to its announcement on 14 March 2025, the Board is pleased to announce that t he Scheme Entitlements are as follows:

 For Shareholders that elected (or are deemed to have elected) to receive OEIC Shares:

·      each Reclassified Share with "A" rights attached to it will receive 0.34352353 I Class OEIC Shares

·      each Reclassified Share with "B" rights attached to it will receive 1.40512764 E Class OEIC Shares

Fractional entitlements will be dealt with by the issue of smaller denomination shares each equivalent to one hundredth of an OEIC Share, in accordance with the terms of the OEIC Prospectus.

For Shareholders that elected for the Cash Option:

·      each Reclassified Share with "C" rights attached to it will receive 227.2904 pence in cash.

As noted in the Circular, the Directors have set aside sufficient assets in the Liquidation Pool to meet all known and estimated liabilities and contingencies, including the costs of implementing the Scheme and an amount considered sufficient to purchase the interests of any Dissenting Shareholders. The Directors have also provided in the Liquidation Pool for a retention of £100,000 which they, together with the Liquidators, consider will be sufficient to meet any contingent and unknown liabilities of the Company. The Liquidation Pool will also contain the Company's unlisted holding in Oxford Science Enterprises which represents 0.49 per cent. of the Company's portfolio as at 31 December 2024.

The Liquidation Pool will be applied by the Liquidators in discharging all current and future, actual and contingent liabilities of the Company and, if there will be any balance remaining after discharging such liabilities, the Liquidators will in due course pay the same to Shareholders on the Register on the Winding-up Date pro-rata to their respective holdings of Ordinary Shares.

In accordance with the Circular, it is expected that OEIC Shares will be issued on 14 March 2025 and confirmations regarding the number of shares held by Shareholders who have elected for the applicable Rollover Option are expected to be despatched by post in the week commencing 17 March 2025. For Shareholders that have elected for cash under the Scheme, it is expected that cheques will be despatched and CREST payments made to Shareholders in respect of the Cash Option not later than 10 Business Days from the 14 March 2025. 

Following the appointment of the Liquidators, all further enquiries regarding the Company should be made to the Liquidators, whose contact details are below.