Bmo Global Smaller : Results of Final Conversion of CULS

BMO GLOBAL SMALLER COMPANIES PLC

LEI: 2138008RRULYQP8VP386

Results of Final Conversion of CULS

1 August 2019

BMO Global Smaller Companies PLC (the 'Company') announces the results of the final opportunity for holders of 3.5 per cent. Convertible Unsecured Loan Stock 2019 ('CULS') constituted by the trust deed dated 30 July 2014 (the 'Trust Deed') to exercise their rights ('Conversion Rights') to convert the whole or such part (being an integral multiple of £1 nominal) of their CULS as they may specify into fully paid ordinary shares of 25p each in the capital of the Company ('Ordinary Shares').

On or before the final conversion date of 31 July 2019, the Company received conversion requests in respect of £14,650,104 nominal of CULS from holders of CULS ('CULS Holders'). In accordance with the Trust Deed, the Trustee, having received written advice from an Independent Financial Adviser (acting as an expert and not an arbitrator) that in its opinion the exercise of such Conversion Rights and prompt sale by the Trustee of the arising Ordinary Shares would be in the interests of the CULS Holders concerned as a body, has exercised the Conversion Rights in respect of the remaining £788,748 nominal of CULS for which no conversion requests were received.

Accordingly, the CULS have been converted into new Ordinary Shares by dividing the nominal amount of the CULS by the Conversion Price of 977.6970 pence and, after taking account of fractions of Ordinary Shares which have not been issued, a total of 1,579,002 Ordinary Shares will be allotted by the Company (in respect of both those CULS Holders who converted and the conversion by the Trustee).

The 80,618 Ordinary Shares allotted as a result of the exercise of Conversion Rights by the Trustee will be sold in the market and the proceeds of such sale will be remitted to those CULS Holders who made no conversion request, pro rata to their holding of unconverted CULS. The results of this sale will be announced shortly.

Applications will be made for 1,579,002 new Ordinary Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities ('Admission'). Admission is expected to occur at 8.00 a.m. on 12 August 2019. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Total voting rights

Following Admission as noted above, the Company's issued Ordinary Share capital will be 61,353,333 Ordinary Shares ((excluding treasury shares (assuming there are no further share issues/buybacks before 12 August 2019)). Each such Ordinary Share has one vote per share. Therefore, the total number of voting rights in the Company will be 61,353,333. The Company also holds 700,044 Ordinary Shares in Treasury.

The above figure of 61,353,333 (assuming there are no further share issues/buybacks before 12 August 2019) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

BMO Investment Business Limited, Secretary

020 7628 8000

Stifel Nicolaus Europe Limited, Corporate Broker

020 7710 7600

Computershare Investor Services PLC - Registrar

Shareholder Helpline - [phone]