REG - abrdn China Inv.Co. - Result of First General Meeting

abrdn China InvestmentAnnouncement

11/03/2024 11:45

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RNS Number : 3600G  abrdn China Investment Company Ltd.  11 March 2024

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE,
PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF
SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.

 

11 March 2024

ABRDN CHINA INVESTMENT COMPANY LIMITED

LEI: 213800RIA1NX8DP4P938

Result of First General Meeting

 

At the Extraordinary General Meeting of abrdn China Investment Company Limited
(the "Company") held earlier today in connection with the proposals for a
combination of the assets of the Company with Fidelity China Special
Situations PLC ("FCSS") to be effected by way of a Guernsey scheme of
reconstruction and winding up of the Company (the "Scheme"), the Resolutions
set out in the notice of the First General Meeting sent to Shareholders dated
16 February 2024 (the "Notice") were duly passed.

 

Details of the proxy voting results which should be read alongside the Notice
are noted below and will also be published on the Company's website:
www.abrdnchina.co.uk.

 

                                                                                  For (inc Discretionary)     Against      Total
 Special Resolutions                                                              Votes         %             Votes  %
 (1)   THAT with effect from the date of the amendment to the Official List       26,521,175    99.98         4,858  0.02  26,526,033
 of the FCA to reflect the reclassification of the ordinary shares of £0.01
 each in the capital of the Company, each of the Shares in issue at the date of
 the passing of this resolution shall be reclassified as shares the holder of
 which has (or is deemed to have) elected to have reclassified as Shares with
 "A" rights or "B" rights as further provided for in the Resolutions, and
 subject to the fulfilment of certain conditions, the Articles of Incorporation
 of the Company are amended as further provided for in the Resolutions.
 (2)   THAT, subject to: (i) the passing of Resolution 1 above and Resolution     26,521,175    99.98         4,858  0.02  26,526,033
 1 becoming unconditional; (ii) the Scheme becoming unconditional in accordance
 with its terms; and (iii) the passing at a general meeting of the Company
 convened for 13 March 2024 (or any adjournment thereof) of a resolution for
 the voluntary winding-up of the Company and the appointment of the
 Liquidators, the Scheme as set out in Part 4 of the Circular is approved and
 the liquidators of the Company when appointed (jointly and severally the
 "Liquidators") are authorised to implement the Scheme and to execute any
 document and do anything for the purpose of carrying the Scheme into effect.
 The Liquidators, when appointed, are authorised and directed to enter into and
 give effect to the Transfer Agreement and to carry out the actions as further
 provided for in the Resolutions, and the Articles are amended, as further
 provided for in the Resolutions.

 

Note - A vote withheld is not a vote in law and has not been counted in the
votes for and against a resolution.

 

The full text of the Resolutions can be found in the notice of the First
General Meeting contained in the circular to Shareholders dated 16 February
2024 (the "Circular"). The Circular is available for viewing at the National
Storage Mechanism which can be located at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's
website at https://www. https://www.abrdnchina.co.uk.

 

Defined terms used in this announcement have the meanings given in the
Circular unless the context otherwise requires.

 

The person responsible for arranging the release of this announcement is abrdn
Holdings Limited, Company Secretary.

 

ENQUIRIES

 

 abrdn Holdings Limited, Company Secretary           +44 131 372 9375
 Paul Evitt (Company Secretary)

Evan Bruce-Gardyne (Client Director)
 Link Registrars, Receiving Agent                     +44 371 664 0321
 Shore Capital, Financial Adviser and Broker         +44 20 7408 4090

Rose Ramsden, Angus Murphy (Corporate Advisory)

Henry Willcocks, Fiona Conroy (Corporate Broking)

 

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