REG - FTSE Russell abrdn New Dawn IT - ABRDN New Dawn Investment Trust

Abrdn New Dawn Investment TrustAnnouncement

25/10/2023 18:00

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RNS Number : 3121R  FTSE Russell  25 October 2023

 

ABRDN New Dawn Investment Trust (UK): Scheme of Reconstruction with Asia
Dragon Trust (UK)

Informative Notice

25 October 2023

 FTSE Russell notes the proposed Scheme of Reconstruction and voluntary winding
 up of ABRDN New Dawn Investment Trust (UK, BBM56V2, FTSE SmallCap Index)
 whereby shareholders will receive shares in Asia Dragon Trust (UK, 0294502,
 FTSE SmallCap Index) or can elect to receive a cash option in exchange for
 their current holdings.

 Following shareholder approval and based on the current timetable, FTSE
 Russell anticipates the following treatment:

 Wednesday 08 November 2023:

 Expected announcement of the election results and terms.

 FTSE Russell expects to announce confirmed index changes, subject to the
 timely announcement of the election results and terms.

 Please note: ABRDN New Dawn Investment Trust is expected to suspend prior to
 index implementation. In the absence of an active market, the close price will
 be updated to reflect the default option of stock terms in Asia Dragon Trust
 until it is removed.

 Monday 13 October 2023 (at the earliest, assuming two days' notice subsequent
 to disclosure of election results and stock terms):

 ABRDN New Dawn Investment Trust will be deleted from FTSE Russell Indices.

 Asia Dragon Trust will remain within its existing indices with shares
 increased in accordance with the election results and stock terms.

 FTSE Russell will issue further notices confirming index treatment in due
 course.

 

 

 

 

 For further information please contact FTSE Russell Client Services at
 info@ftserussell.com (mailto:info@ftserussell.com) or call:

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 Hong Kong  +852 2164 3333
 Japan      +81 3 6441 1430
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 New York   +1877 503 6437

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