Gabelli Value Plus+ Trust PLC Update on Future of the Company (2375O)

TIDMGVP

RNS Number : 2375O

Gabelli Value Plus+ Trust PLC

08 February 2021

This announcement contains inside information. This announcement has been authorised for release by the Board of Directors.

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION

8 FEBRUARY 2021

GABELLI VALUE PLUS+ TRUST PLC ("the Company")

Legal Entity Identifier: 213800FZFN1SD1GNNZ11

Winding up of the Company

Further to the Company's announcement on 15 January 2021, the board of the Company (the "Board") announces that it now intends to convene a general meeting of the Company to be held in July 2021 to consider a continuation vote resolution followed by a special resolution to place the Company in members' voluntary liquidation. The Company's largest shareholder, Associated Capital Group Inc, has irrevocably undertaken to abstain from voting on these resolutions. The Company has undertaken not to put proposals to shareholders for a tender offer or other return of capital prior to the date of the general meeting. The Board intends to include further details of the proposed continuation vote and liquidation in a circular that will be sent to shareholders in June 2021.

For further information please contact:

Maitland Administration Services Limited

Email: cosec@maitlandgroup.co.uk

Phone: +44 (0) 1245 398950

Peel Hunt LLP

Luke Simpson / Liz Yong

Telephone: +44 (0) 20 7418 8900

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END

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February 08, 2021 02:00 ET (07:00 GMT)

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