Fifth Return of Capital (8165B)

TIDMAVC

RNS Number : 8165B

Aberdeen Development Capital PLC

24 February 2011

Aberdeen Development Capital PLC, ADC Zeros 2010 PLC and ADC Zeros 2012 PLC

24 February 2011

Fifth Return of Capital

Following receipt of GBP395,000 from HMRC in respect of interest on VAT reclaimed on historic investment management fees, in addition to other receipts outlined in the half-yearly financial report, the Boards of ADC Zeros 2010 PLC and ADC Zeros 2012 PLC announce a fifth capital return under the Capital Return Scheme, which was approved by Shareholders at Extraordinary General Meetings held on 3 August 2007, of:

-- 10p per 2010 ZDP Share; and

-- 10p per 2012 ZDP Share.

This capital return, amounting to approximately GBP1.5 million in aggregate, will be paid on 11 March 2011 to ZDP Shareholders on the registers at the close of business on 4 March 2011 (the ex-return date being 2 March 2011). Following payment of this capital return, a total of 98.6p per ZDP Share will have been returned to ZDP Shareholders compared with an issue price of 100p per share.

In accordance with the terms of the Capital Return Scheme, the capital entitlements of the ZDPs will be adjusted on 11 March 2011 by deducting from the accrued capital entitlement per ZDP at that date (being 39.19p) the amount of the capital returned per ZDP referred to above (being 10p). Accordingly, on 11 March 2011 the accrued capital entitlement per ZDP Share will be reduced from 39.19p to 29.19p and, thereafter, the capital entitlement per ZDP will continue to accrue at the rate of 6.5 per cent. per annum, based on the reduced capital entitlement of 29.19p as at 11 March 2011. On that basis, the final capital entitlement per ZDP Share on 30 April 2012 will be 31.36p.

The Board of Aberdeen Development Capital PLC confirms that, as approved by Shareholders at General Meetings held on 25 March 2010 and 6 April 2010, no return of capital will be made to Ordinary Shareholders under the Capital Return Scheme until such time as the accrued capital entitlement of the ZDP Shares has been paid in full.

The Board will continue to monitor liquidity and return capital to Shareholders as circumstances allow.

Enquiries

 
                                  Aberdeen Asset Management 
 Hugh Little/Derek Gault           PLC                         01224 631999 
 Sue Inglis/Chris Whittingslow    Canaccord Genuity Limited    020 7050 6779 
                                                                020 7050 6528

Note

Unless the context otherwise requires, terms used in this announcement shall bear the meanings given to them in the circulars to the Companies' shareholders dated 11 July 2007 and 2 March 2010.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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