abrdn Diversified Income and Growth Circular in relation to proposed B Share Scheme
17 Juin 2024 - 12:23PM
RNS Regulatory News
RNS Number : 7184S
abrdn Diversified Income and Growth
17 June 2024
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN
WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
THE JURISDICTION.
LEI
Number: 2138003QINEGCHYGW702
17
June 2024
ABRDN DIVERSIFIED INCOME AND
GROWTH PLC
Publication of Circular in
relation to proposed B Share Scheme
abrdn Diversified Income and Growth
plc (the "Company") is
pleased to announce further details of its
proposals to return approximately £115 million in aggregate
(representing approximately 38 pence per Ordinary Share) to
Shareholders by way of an Initial Return of Capital pursuant to a
bonus issue, on a pro
rata basis, of B Shares to all Shareholders followed by
the redemption of such B Shares (the "B Share Scheme").
A circular containing further
details of the proposed B Share Scheme, including the Initial
Return of Capital, and the notice convening the General Meeting has
today been published by the Company (the "Circular"). A copy of the Circular will
be submitted to the National Storage Mechanism and will shortly be
available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Circular will also be available on the Company's website
(https://www.abrdndiversified.co.uk/en-gb
).
The introduction of the B
Share Scheme remains
conditional on Shareholder approval. The Circular contains notice
of the general meeting of the Company, to be held at the
offices of Dickson Minto, Level 4, Dashwood House, 69 Old Broad
Street, London EC2M 1QS at 4 p.m. on 3 July 2024 (the "General
Meeting"), at which Shareholders are being asked to provide
the Company with the necessary authorities to implement the B Share
Scheme.
Timetable
It is expected that the timetable
for the General Meeting and the B Share Scheme will be as
follows:
|
2024
|
Publication of the
Circular
|
17
June
|
Latest time for receipt of Forms of
Proxy and electronic appointments of proxies in respect of the
General Meeting
|
4 p.m. on
1 July
|
General
Meeting
|
4 p.m. on
3 July
|
Ex Date in respect of the Initial
Return of Capital
|
3
July
|
Record Date in respect of Initial
Return of Capital
|
6 p.m. on
4 July
|
Issue and allotment of B Shares in
respect of the Initial Return of Capital
|
5
July
|
Redemption Date in respect of
Initial Return of Capital
|
5
July
|
Payment date: (i) cheques posted to
Shareholders; and (ii) CREST holders credited with funds, in each
case respect of the first Return of Capital
|
By 10
July
|
Defined terms used in this
announcement have the meanings given in the Circular unless the
context otherwise requires
Enquiries:
|
|
abrdn Diversified Income and Growth plc
|
|
|
Davina Walter (Chairman)
|
via Buchanan
|
|
Dickson Minto Advisers
|
|
|
Douglas
Armstrong
|
+44 (0)20 7649 6823
|
|
Buchanan
|
|
|
Helen Tarbet / Henry
Wilson
|
+44 (0)20 7466 5000
|
|
George Beale / Verity
Parker
|
ADIG@buchanancomms.co.uk
|
|
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