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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Abdn.Dev.Cap. | LSE:AVC | London | Ordinary Share | GB0007352502 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAVC TIDMTTM TIDMTTM
RNS Number : 3700C
Aberdeen Development Capital PLC
30 April 2012
30 April 2012
ABERDEEN DEVELOPMENT CAPITAL plc (IN MEMBERS' VOLUNTARY LIQUIDATION)
result of general meeting
Further to the announcement made on 5 April 2012, the Board of Aberdeen Development Capital PLC (the "Company") announces that, at a general meeting of the Company held earlier today, the special resolutions placing the Company in liquidation and approving the cancellation of the listing of its shares on the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market were duly passed. As the Company is now in members' voluntary liquidation, John Milligan, Martin Gilbert and Charles Scott have resigned as directors of the Company with immediate effect.
It is expected that a final distribution will be made to ZDP Shareholders of ADC Zeros 2010 PLC (In Members' Voluntary Liquidation) and ADC Zeros 2012 PLC (In Members' Voluntary Liquidation), repaying in full their final capital entitlement of 10.87p per ZDP Share, on or around 4 May 2012. The Liquidators have confirmed that there will be no surplus cash available to distribute to the Company's Ordinary Shareholders immediately. It is expected that it may take up to two years before the remaining assets of the Company will be realised and any cash is able to be returned to Shareholders. Subject to satisfying or providing for the Company's liabilities, the Liquidators may make interim distributions once sufficient realisations of the Company's remaining investments have been made. However, there is no guarantee that there will be any distributions to the Company's Ordinary Shareholders.
The full text of the resolutions passed at the General Meeting can be found in the circular to Shareholders dated 5 April 2012, which is available for viewing at the National Storage Mechanism which is located at www.hemscott.com/nsm.do and from the Company's website, www.developmentcap.co.uk.
A summary of proxy votes received will shortly be available on the Company's website, www.developmentcap.co.uk.
Enquiries
Hugh Little Aberdeen Asset Managers Limited T: 01224 631 999 Sue Inglis Canaccord Genuity Limited T: 020 7050 6779
Notes
Words and expressions defined in the circular to the Company's shareholders dated 5 April 2012 have the same meanings when used in this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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