REG - abrdn Diversfd. I&G - Update on First Distribution

abrdn Diversified Income and GrowthAnnouncement

01/05/2026 09:45

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RNS Number : 7933C  abrdn Diversified Income and Growth  01 May 2026

1 May 2026

For Immediate Release

ABRDN DIVERSIFIED INCOME AND GROWTH PLC

(in members' voluntary liquidation)

("ADIG" or the "Company")

 

Update on first distribution in Liquidation

As set out in the circular published by the Company on 11 March 2026 (the
"Circular"), the expected last day for dealings in the Shares through CREST
prior to the Company's entry into members' voluntary liquidation (the
"Liquidation"), on a normal rolling two-day settlement basis, was expected to
be 25 March 2026.

On 23 April 2026, the Company announced that the Liquidators of ADIG will make
an initial distribution during the Liquidation of 14.5 pence per Share (the
"Initial Distribution") which was expected to be paid on 5 May 2026 to
Shareholders (that are not Sanctions Restricted Persons) whose names appeared
on the Company's register of members at 6.00 p.m. on 27 March 2026, being (as
set out in the Circular) the record date for participation in ADIG's members'
voluntary liquidation.

The Liquidators have now been informed that, as the application for
disablement of settlement in the Company's Shares through CREST was not
submitted until 24 April 2026, certain dealings in the Shares have been
processed by Euroclear (the operator of CREST) following the date on which it
was intended for the Register of Members to be closed.

The Liquidators will shortly write to the registered members of the Company
that are believed to have been involved in any such exchange dealings which
settled after 27 March 2026 ("Affected Shareholders") with a view to
confirming the details of the persons to whom the Initial Distribution should
be paid (if different from the Shareholders whose names appeared on the
Register of Members in respect of the relevant Shares at 6.00 p.m. on 27 March
2026).

Shareholders that have not been involved in any transfer of Shares through
CREST after 25 March 2026 should take no action at this time. The payment of
the Initial Distribution to these Shareholders will be made as detailed below.

Affected Shareholders, and any other person that believes they were involved
in a transfer of Shares which settled after 6.00 p.m. on 27 March 2026 (a
"Relevant Dealing"), are asked to contact the Registrars at
adigliquidation@computershare.co.uk or by calling Computershare's Shareholder
helpline on +44 (0)330 303 1184, with details of their shareholding in the
Company and (if applicable) evidence of any agreement to transfer the
entitlement to the Initial Distribution as part of the Relevant Dealing, by no
later than 6.00 p.m. on 12 June 2026.

Timing of the Initial Distribution

The Initial Distribution will be made on 7 May 2026 to Shareholders (that are
neither Affected Shareholders nor Sanctions Restricted Persons) whose names
appeared on the Company's register of members 6.00 p.m. on 27 March 2026.

In order to allow the Liquidators time to adjudicate any claims relating to
the Initial Distribution, Affected Shareholders will not receive the Initial
Distribution on 7 May 2026. The Registrar and the Liquidators will work with
Affected Shareholders to resolve the matter as quickly as possible.

For the avoidance of doubt, the Liquidators will retain sufficient funds to
pay out the Initial Distribution that would otherwise have been paid out to
the Affected Shareholders based on the Register of Members as at 6.00 p.m. on
27 March 2026 until the matter is appropriately resolved. The Liquidators
intend to make incremental payments of the Initial Distribution to groups of
Affected Shareholders, as any apparent changes to their respective
shareholdings are clarified or reconciled, at such times as it is reasonable
to do so (having regard to the Company's desire to pay the Initial
Distribution as soon as reasonably practicable and any additional costs of
making such distribution).

Further announcements will be made in respect of the Initial Distribution as
and when appropriate.

Capitalised terms used in this announcement shall, unless the context requires
otherwise, have the meanings ascribed to them in the Circular.

Enquiries:

 Ernst & Young LLP (Liquidators)
 Derek Hyslop                         ADIG@parthenon.ey.com
 Richard Barker

 

Derek Hyslop and Richard Barker are licensed in the United Kingdom to act as
Insolvency Practitioners by the Insolvency Practitioners Association. As
Insolvency Practitioners, they are bound by the Insolvency Code of Ethics in
carrying out all professional work relating to the appointment.

The Joint Liquidators may act as data controllers of personal data as defined
by the UK General Data Protection Regulation (as incorporated in the Data
Protection Act 2018), depending upon the specific processing activities
undertaken. Ernst & Young LLP and/or the Company may act as a data
processor on the instructions of the Joint Liquidators. Personal data will be
kept secure and processed only for matters relating to the Joint Liquidators'
appointment. The Office Holder Data Privacy Notice can be found at
www.ey.com/uk/officeholderprivacy
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.ey.com%2Fuk%2Fofficeholderprivacy&data=05%7C02%7Cjames.calder%40parthenon.ey.com%7Cf95082a850ea4898f8c108dea07dc57b%7C5b973f9977df4bebb27daa0c70b8482c%7C0%7C0%7C639124659534705894%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=h8MkFMnYVHo4y9haOC%2BDkS1ciLlD39TNNjmjZkVx7W4%3D&reserved=0)
.

The Company's LEI number is 2138003QINEGCHYGW702.

 

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