REG - abrdn Diversfd. I&G - Apportionment Ratio for Nov 2025 B share issue

abrdn Diversified Income and GrowthAnnouncement

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RNS Number : 2184O  abrdn Diversified Income and Growth  08 January 2026

abrdn Diversified Income and Growth plc
Legal Entity Identifier (LEI): 2138003QINEGCHYGW702
 
8 January 2026

Apportionment Ratio for B share issue November 2025

 

Further to Part 5 of the Circular to shareholders published on 17 June 2024
(the "Circular"), abrdn Diversified Income and Growth plc (the "Company")
announces the apportionment ratio in relation to the B shares issued in
November 2025. The Circular may be found on the Company's website
(https://www.abrdndiversified.co.uk/en-gb
(https://www.abrdndiversified.co.uk/en-gb) ).

 

For the purposes of United Kingdom taxation of capital gains and corporation
tax on chargeable gains ("Capital Gains Tax"), the issue of B Shares
constitutes a reorganisation of the share capital of the Company. Accordingly,
the B Shares are treated as the same asset as a shareholder's holding of
existing Ordinary shares, and as having been acquired at the same time as a
shareholder's holding of existing Ordinary shares was acquired. A
shareholder's combined holding of Ordinary shares and B shares has the same
aggregate base cost as the shareholder's holding of Ordinary shares
immediately before the issue of B shares. The aggregate base cost should be
apportioned between B shares and the Ordinary shares held by a shareholder by
reference to the market values of the Ordinary shares and the B shares on the
first day of trading after the issue of B shares.

 

Due to the terms on which the B Shares were issued and subsequently redeemed,
and as they were unlisted and non-transferable, their market value has been
assessed, below, as equal to their nominal value of one pence on 14 November
2025. The market value of the Ordinary shares is calculated with reference to
their market value on the first day of trading after the issue of the B
shares, which is considered to be 14 November 2025.

Accordingly, the aggregate base cost of the Ordinary shares which should be
apportioned against the B Shares redemption proceeds, received by shareholders
on or about 21 November 2025, is 41.30%, calculated as follows:

 

 Class of share   Market value on first day of trading  Relevant ratio used for the issue of B Shares  Relevant value (pence per share)  Relevant percentage

                  (pence per share)
 Ordinary share*  27                                    1                                              27                                58.70%
 B Share          1                                     19                                             19                                41.30%

 

* The lower of the two prices for an Ordinary share shown in the London Stock
Exchange Daily Official List for 14 November 2025 as the closing price for an
Ordinary share on that day plus one-half of the difference between those two
figures in accordance with SI 2015/616.

 

United Kingdom taxation

The information above does not constitute tax advice and is intended only as a
guide to United Kingdom law and HMRC published practice (which are both
subject to change at any time, possibly with retrospective effect). It relates
only to certain limited aspects of the United Kingdom taxation treatment of
shareholders and is intended to apply only to shareholders who are resident in
the United Kingdom for United Kingdom tax purposes and who are, and were the
absolute beneficial owners of their Ordinary shares and B Shares and who hold,
or held, them as investments (and not as securities to be realised in the
course of a trade) other than under an

ISA. The information above may not apply to certain shareholders, such as, but
not limited to, dealers in securities, insurance companies, collective
investment schemes and shareholders who are exempt from taxation. The position
may be different for future transactions.

 

Shareholders who are in any doubt as to their tax position or who are subject
to tax in a jurisdiction other than the United Kingdom should consult an
appropriate professional adviser.

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