REG - abrdn Euro Logistics - 4th capital distribution by way of B Share scheme

abrdn European Logistics IncomeAnnouncement

02/12/2025 10:45

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RNS Number : 8914J  abrdn European Logistics Income plc  02 December 2025

2 December 2025

abrdn European Logistics Income plc

Fourth capital distribution by way of B Share scheme

abrdn European Logistics Income plc (the "Company" or "ASLI") announces its
fourth capital distribution under the B Share scheme.

Approved B Share Scheme

Following the recent completion of further asset sales, the Board has resolved
to return approximately Euro 46.8 million (c.£41.2 million) in aggregate net
sales proceeds to Shareholders under the B Share scheme.

B Shares will be allotted and issued to Shareholders pro rata to their
holdings of Ordinary Shares as at the Record Date. No fractions of B Shares
will be issued and entitlements will be rounded down to the nearest whole B
Share. The B Shares carry only limited rights and full details of their rights
and restrictions are set out in Part 3 of the Company's circular, dated 6
November 2024, available on the Company's website at www.abrdn.com/en-gb/asli
(http://www.abrdn.com/en-gb/asli) under the Literature section.

No share certificates will be issued in respect of the B Shares, no CREST
accounts will be credited with such shares, and no application will be made
for the B Shares to be admitted to listing or trading on any exchange.

B Shares will be issued and redeemed by the Company's registrar, Equiniti.
Each redemption will be at the option of the Company and undertaken shortly
after issue. At that time, all B Shares in issue will be compulsorily redeemed
and cancelled in accordance with their terms for an amount equal to the
nominal value paid up on the B Shares.

Redemption proceeds will be delivered via CREST to uncertificated Shareholders
and by cheque to certificated Shareholders.

Fourth B Share Scheme Distribution

Pursuant to the authority received from Shareholders at the general meeting
held on 22 November 2024, the Board has approved the issue of further B Shares
of one penny each. B Shares will be issued to Shareholders by way of a bonus
issue on the basis of 10 B Shares for every 1 Ordinary Share held at the
Record Date of 6.00 p.m. on 16 December 2025 (ex-date: 15 December 2025).

The B Shares will be issued and immediately redeemed on 17 December 2025, with
redemption proceeds equivalent to 10.0 pence per Ordinary Share. Payments will
be made on 30 December 2025 through CREST to uncertificated Shareholders or
via cheque to certificated Shareholders.

This fourth distribution follows prior returns of 4.0 pence (20 March 2025),
12.0 pence per Ordinary share (13 August 2025) and 13.0 pence per Ordinary
share (30 September 2025). Inclusive of this distribution, Shareholders will
have received a total of 39.0 pence per Ordinary share, equivalent to an
aggregate return of approximately £160 million.

NOTE: NO SHARE CERTIFICATES WILL BE ISSUED IN RESPECT OF B SHARES

 

Timetable for the Fourth Return of Capital

It is expected that the timetable will be as follows:

 Event                             Date
 Ex-Date                           15 December 2025
 Record Date                       6 p.m. on 16 December 2025
 Issue and Redemption of B Shares  17 December 2025
 Payment Date (via CREST/cheques)  30 December 2025

 

Defined terms used in this announcement have the meanings given in the
Circular published by the Company on 6 November 2024 which may be found on the
Company's website unless the context otherwise requires.

 

 Enquiries:

Aberdeen
 

Ben
Heatley
                 +44 (0) 20 7156 2382

Investec Bank
plc
                +44 (0) 20 7597 4000

David Yovichic

Denis Flanagan

FTI
Consulting
+44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

Oliver Parsons

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