Aberdeen Frontier Mkts Inv Co Ltd Tender Offer Update and Total Voting Rights (7284Z)

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RNS Number : 7284Z

Aberdeen Frontier Mkts Inv Co Ltd

16 March 2017

Aberdeen Frontier Markets Investment Company Limited

Tender Offer Update, On-sale Shares Result and Total Voting Rights

16 March 2017

As announced on 14 March 2017, Aberdeen Frontier Markets Investment Company Limited (the "Company") received valid tender acceptances of 97,307,392 Ordinary Shares. Numis has sold 13,750,000 of such tendered Ordinary Shares ('On-sale Shares') to Incoming Investors at the Investment Price of 72.5748 pence per Ordinary Share and therefore the number of Exit Shares which have been repurchased for cancellation by the Company is 83,557,392 representing 49.44 per cent of the current Ordinary Shares in issue excluding shares in treasury. As a result Aberdeen Asset Management now holds 13,750,000 Ordinary Shares representing 16.09 per cent of the Ordinary Shares in issue post the tender excluding shares in treasury.

Tendering Shareholders will receive the full Tender Price in cash for the Exit Shares (including the On-sale Shares) only once all of the assets in the Tender Pool have been fully realised. However, if and when an interim distribution from the Tender Pool is made, the amount received by Tendering Shareholders will include an amount in respect of their pro rata proportion of any On-sale Shares.

The Tender Offer FAV is $73,702,939.

The Tender Price and any interim distributions will be announced in due course.

Following the Tender Offer the Company has 85,452,608 Ordinary Shares in issue (excluding shares held in treasury) attributable to the continuing pool. Henceforth, net asset value calculations published by the Company will be based on net assets attributable to the continuing pool divided by the Ordinary Shares in issue (excluding shares held in treasury) attributable to the continuing pool.

Total Voting Rights

Following the Tender Offer the total number of Ordinary shares with voting rights in the Company will be 85,452,608 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Terms used and not defined in this announcement shall have the meaning given to them in the Circular.

The information contained within this announcement is considered to be inside information prior to its release as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.

16 March 2017

www.aberdeenfrontiermarkets.co.uk

Enquiries:

Aberdeen Fund Managers Limited (Investment Manager to Aberdeen Frontier Markets Investment Company Limited)

William Hemmings / Gary Jones Tel: [phone]

Grant Thornton UK LLP (Nominated Adviser)

   Philip Secrett                             Tel: [phone] 

Numis Securities Limited (Nominated Broker)

   David Benda                               Tel: [phone] 

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This information is provided by RNS

The company news service from the London Stock Exchange

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March 16, 2017 11:02 ET (15:02 GMT)