Update re Capital Entitlement of ZDP shares (7739O)

TIDMAVC

RNS Number : 7739O

Aberdeen Development Capital PLC

22 September 2011

22 SEPTEMBER 2011

Aberdeen Development Capital PLC (the"company")

up-date re. capital entitlement of zdp shares

Following general meetings of ADC Zeros 2010 plc and ADC Zeros 2012 plc (together, the "ZDP Subsidiaries") held on 16 September 2011, the ZDP Subsidiaries are now in members' voluntary liquidation. The liquidators of the ZDP Subsidiaries have confirmed that a capital distribution of 8p per 2010 zero dividend preference ("ZDP") share and 8p per 2012 ZDP share, amounting to approximately GBP1.199 million in aggregate, will be paid to the ZDP shareholders entitled thereto on 23 September 2011. Following payment of this capital distribution, a total of 106.6p per ZDP share will have been returned to ZDP shareholders compared with an issue price of 100p per share.

In accordance with the articles of association of the ZDP Subsidiaries, the capital entitlements of the ZDP shares will be adjusted on 23 September 2011 by deducting from the accrued capital entitlement per ZDP share at that date (being 30.20p) the amount of the capital distributed per ZDP share referred to above (being 8p). Accordingly, on 23 September 2011 the accrued capital entitlement per ZDP share will be reduced from 30.20p to 22.20p and, thereafter, the capital entitlement per ZDP share will continue to accrue at the rate of 6.5 per cent. per annum, based on the reduced capital entitlement of 22.20p as at 23 September 2011. On that basis, the final capital entitlement per ZDP share on 30 April 2012 will be 23.05p.

Enquiries

 
 Hugh Little/Derek Gault    Aberdeen Asset Managers Limited    01224 631 999 
 Sue Inglis                 Canaccord Genuity Limited          020 7050 6779 
 

Notes

Canaccord Genuity, which is authorised and regulated in the United Kingdom by the FSA, is acting solely for the Company and for no one else in connection with the Issue and Admission and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Canaccord Genuity or for affording advice in relation to the Issue, Admission or any other matter referred to in this announcement or the prospectus prepared by the Company in accordance with the Prospectus Rules in connection with the Issue and dated 31 August 2011 (the "Prospectus").

Words and expressions defined in the Prospectus have the same meanings when used in this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

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