abrdn Diversfd. I&G - Update on Strategic Review

abrdn Diversified Income and Growth

25/07/2023 07:00

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RNS Number : 0028H  abrdn Diversified Income and Growth  25 July 2023

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

25 July 2023

For Immediate Release

abrdn Diversified Income and Growth plc

Update on Strategic Review

The Board of abrdn Diversified Income and Growth plc ("ADIG" or the "Company")
is pleased to provide shareholders with an update in respect of the strategic
review process announced on 20 June 2023.

Following the announcement of the strategic review, the Company has received a
number of credible, attractive and varied proposals for actions that we
believe should enhance shareholder value. The Board, and its advisers, are
actively exploring how these various proposals could best deliver value for
ADIG shareholders and are engaged in productive discussions with a selected
shortlist of parties. The Company will provide an update in due course, noting
that at this stage there can be no certainty as to the outcome of the review.

The ADIG Board has also taken the decision, in the light of the ongoing review
process, to suspend the Company's investment-led share buyback policy. Subject
to the outcome of the strategic review, the Board will consider resuming share
buybacks in due course.

Davina Walter, Chairman of ADIG commented:

"We have been impressed with the proposals we have received which present the
Board with various options for enhancing shareholder value. We are undertaking
a detailed review of these options and are looking forward to updating
shareholders in due course on our progress."

For further information, please contact:

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

Important Information

This announcement is released by the Company and the information contained
within this announcement is deemed by the Company to constitute inside
information for the purposes of Article 7 of the UK version of the EU Market
Abuse Regulation (Regulation (EU) No.596/2014) which forms part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended. Upon the
publication of this announcement via a Regulatory Information Service, such
information is now considered to be in the public domain.

Legal Entity Identifier (LEI): 2138003QINEGCHYGW702

 

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