REG - abrdn Euro Logistics - 5th capital distribution by way of B Share scheme

abrdn European Logistics IncomeAnnouncement

24/04/2026 16:15

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RNS Number : 8971B  abrdn European Logistics Income plc  24 April 2026

24 April 2026

 

abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50

Fifth capital distribution by way of B Share scheme

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

Approved B Share Scheme

The Board has resolved to return approximately Euro 19.0 million (c.£16.5
million) of 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.aberdeeninvestments.com/en-gb/asli
(http://www.aberdeeninvestments.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.

Fifth 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 4 B Shares for every 1 Ordinary Share held at the Record
Date of 6.00 p.m. on 14 May 2026 (ex-date: 13 May 2026).

The B Shares will be issued and immediately redeemed on 15 May 2026, with
redemption proceeds equivalent to 4.0 pence per Ordinary Share. Payments will
be made on 29 May 2026 through CREST to uncertificated Shareholders or via
cheque to certificated Shareholders.

This distribution follows prior returns of 4.0 pence per Ordinary share (20
March 2025), 12.0 pence per Ordinary share (13 August 2025), 13.0 pence per
Ordinary share (30 September 2025) and 10.0 pence per Ordinary share (30
December 2025). Inclusive of this distribution, Shareholders will have
received a total of 43.0 pence per Ordinary share, equivalent to an aggregate
return of approximately £177 million.

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

Cancellation of Capital Redemption Reserve

This fifth B Share distribution substantially depletes the Company's existing
distributable reserves established for the purposes of the B Share scheme. In
order to support further returns of capital to Shareholders, the Company will
seek certain shareholder approvals at the forthcoming AGM. Further details
will be set out in the Annual Report and Notice of AGM which is due to post
shortly. In addition, further sale proceeds are in the process of being
repatriated to the parent company from certain European jurisdictions, subject
to relevant tax authority clearances. This process will enable further returns
of capital.

Timetable for Fifth B Share Distribution

It is expected that the timetable will be as follows:

 Event                             Date
 Ex-Date                           13 May 2026
 Record Date                       6 p.m. on 14 May 2026
 Issue and Redemption of B Shares  15 May 2026
 Payment Date (via CREST/cheques)  29 May 2026

 

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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