Aberdeen Private Equity Fund Ltd Third Compulsory Redemption (7465R)
18 Juin 2018 - 3:24PM
UK Regulatory
TIDMAPEF
RNS Number : 7465R
Aberdeen Private Equity Fund Ltd
18 June 2018
18 June 2018
Aberdeen Private Equity Fund Limited (the "Company")
THIRD COMPULSORY REDEMPTION OF SHARES AND PROPOSED CANCELLATION
OF LISTING
-- REDEMPTION DATE 22 JUNE 2018
-- THE COMPANY WILL RETURN GBP1.2 MILLION TO SHAREHOLDERS
-- REPRESENTS 93% OF NET ASSETS AT 14 JUNE 2018
Further to the Company's previous announcements and as per the
Compulsory Redemption mechanism outlined in the Company's Circular
dated 1 February 2018, the Board of Directors of Aberdeen Private
Equity Fund Limited is pleased to announce a third capital
distribution in respect of the Company's Ordinary shares (the
"Redemption"). The Company has resolved to return a total of GBP1.2
million (the equivalent of approximately 93% of net assets as at 14
June 2018) to Shareholders on the register as at close of business
on 21 June 2018 (the "Redemption Record Date") by way of a
compulsory partial redemption of Shares.
The number of shares to be redeemed in aggregate in this third
redemption represents approximately 50% of the Company's issued
share capital as at close of business on the Redemption Record
Date. The percentage of Shares being redeemed has been determined
at the Directors' sole discretion, as set out previously in the
announcement of 4 April 2018, and does not relate to the percentage
of proceeds being distributed.
Payment will be made on 28 June 2018 being the redemption
payment date (the "Redemption Payment Date"). The redemption price
will be 8.8 pence for each Share being redeemed (the "Redemption
Price"). The Redemption will be effected pro rata to the holdings
of Shares on the register on the Redemption Record Date.
The Company currently has 27,226,397 Shares in issue. All of the
Shares redeemed will be cancelled and any fractions of shares will
be rounded down to the nearest whole share as appropriate.
All existing Shares will be traded under the existing ISIN
number GG00BFNS0161 (the "Old ISIN") until close of business on the
Redemption Record Date. The Shares being redeemed will be disabled
in CREST after close of business on the Redemption Record Date and
the Old ISIN will expire. These shares will be cancelled and all
proceeds of the Redemption will be paid in pounds Sterling on or
around the Redemption Payment Date.
The new ISIN number GG00BFMDJ822 (the "New ISIN"), in respect of
the remaining Shares which have not been redeemed, will be enabled
and available for transactions from 08:00 a.m. on 22 June 2018.
CREST will automatically transform any open transactions as at the
Redemption Date into the New ISIN.
Inclusive of this redemption, the Company will have returned
GBP152.8 million to Shareholders, or approximately 94.5% of the
Company's 30 November 2017 NAV, the prevailing NAV at the time when
the Company announced it had entered into a Sale and Purchase
Agreement to sell its entire investment portfolio.
Expected timetable:
Redemption Record Date 21 June 2018
Redemption Date and new ISIN 22 June 2018
enabled
--------------
Redemption Payment Date (on 28 June 2018
or around)
--------------
The Circular detailed proposals to appoint liquidators and
cancel the listing of the Company's shares from the Premium Listing
Segment of the Official List and to trading on the Main Market of
the London Stock Exchange.
The Circular also contained a notice of extraordinary general
meeting ("EGM") to take place on 29 June 2018 at 10:00 a.m. at 1
Royal Plaza, Royal Avenue, St Peter Port, Guernsey GY1 2HL. The
deadline for proxy votes is 10:00 a.m. on 27 June 2018.
Subject to the passing of the resolutions at the EGM, it is
expected that cancellation will become effective at 7.00 a.m. on 2
July 2018.
Terms not defined in this announcement shall have the same
meaning as those defined in the Circular.
LEI: 213800V526XNYNLZPV78
For further information, please contact:
Ipes (Guernsey) Limited
Nicholas Robilliard
T: +44 1481 735827
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CASZMGMVFRFGRZM
(END) Dow Jones Newswires
June 18, 2018 09:24 ET (13:24 GMT)
Aberdeen Prv (LSE:APEF)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025
Aberdeen Prv (LSE:APEF)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025