Aberdeen New Thai Inv Trust PLC Result of Elections (5303R)
05 Novembre 2021 - 1:09PM
UK Regulatory
TIDMANW
RNS Number : 5303R
Aberdeen New Thai Inv Trust PLC
05 November 2021
ABERDEEN NEW THAI INVESTMENT TRUST PLC
LEI: 213800LUTHTZ8LS5UK85
5 November 2021
Result of Elections
In connection with the proposals for a combination of the assets
of Aberdeen New Thai Investment Trust PLC (the "Company") with
abrdn China Investment Company ("ACIC") (formerly Aberdeen Emerging
Markets Investment Company Limited ("AEMC")) by means of a scheme
of reconstruction and winding up of the Company under section 110
of the Insolvency Act 1986 (the "Scheme"), the Company is pleased
to announce that the following elections (including deemed
elections) have been received in connection with the Scheme:
Rollover Option: 4,369,845 Shares
Cash Option: 11,616,724 Shares
The Cash Option, which is limited to 15 per cent. of the Shares
in issue, was therefore oversubscribed. Accordingly, the Basic
Entitlement of all Shareholders who have validly elected or deemed
to have elected for the Cash Option will be accepted in full and
Excess Applications for the Cash Option will be scaled back into
New AEMC Shares (now ACIC shares) on a pro rata basis. Excess
Applications will be satisfied to the extent of approximately
2.9236490 per cent. of the excess Applications made
In accordance with the Scheme, eligible Shareholders that made
no Election have been deemed to have elected for the Rollover
Option.
Accordingly, after scaling back Excess Applications, 85.0 per
cent. of the Company's Shares will rollover into ACIC (formerly
AEMC), with the balance receiving the Cash Option.
Therefore, the Shares will be reclassified as follows:
13,588,584 Shares with "A" rights, being the right to receive
New AEMC Shares (now ACIC shares); and
2,397,985 Shares with "B" rights, being the right to receive
cash.
The amendment to the listing of the Shares into Reclassified
Shares has been requested and is expected to commence at 8:00 a.m.
on 8 November 2021, and the listing in the Reclassified Shares is
subsequently expected to be suspended at 7:30 am on 9 November
2021.
Defined terms used in this announcement have the meanings given
in the Company's circular to Shareholders dated 4 October 2021 (the
"Circular"), unless the context otherwise requires.
The Circular is available for viewing on the Company's website,
www.newthai-trust.co.uk and at the National Storage Mechanism at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism .
Enquiries
Aberdeen New Thai Investment Trust PLC Nicholas Smith (via Numis or abrdn)
Numis David Benda/Matt Goss
T: +44 (0) 20 7260 1000
abrdn Maria Allen/Gary Jones/William Hemmings
T: +44 (0) 20 7463 6000
Note: The content of the Company's web-pages and the content of
any website or pages which may be accessed through hyperlinks on
the Company's web-pages, other than the content of the document
referred to above, is neither incorporated into nor forms part of
the above announcement.
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END
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