REG - abrdn Diversfd. I&G - Cancellation of share premium account

abrdn Diversified Income and GrowthAnnouncement

11/06/2024 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240611:nRSK0300Sa&default-theme=true

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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBLGDLDBBDGSB