abrdn Diversified Income and Growth Cancellation of share premium account
June 11 2024 - 12:13PM
RNS Regulatory News
RNS Number : 0300S
abrdn Diversified Income and Growth
11 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
11
June 2024
abrdn DIVERSIFIED INCOME AND GROWTH
PLC
Completion of Cancellation and
Reduction
abrdn Diversified Income and Growth plc (the
"Company") is pleased to
announce that the final hearing in the Court process to create a
special, distributable reserve by way of cancelling its
£116,556,000 share premium account, its
£37,043,000 capital redemption reserve and reducing the nominal
value of each of its ordinary shares from 25p to 1p (the
"Cancellation and
Reduction") was held on 7 June 2024 and an order was
pronounced by the Court (the "Order") confirming the Cancellation and
Reduction.
The Company is also pleased to confirm that the
Order has today been registered at Companies House together with a
statement of capital approved by the Court. Therefore, all
procedural steps required in connection with the Cancellation and
Reduction have now been completed. A Circular in relation to the B
share scheme will be published shortly with the expectation of the
Initial Return of Capital comprising, in aggregate, approximately
£115 million being implemented in the coming weeks.
End.
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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END
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