Aberforth Gd Inc Tt Statement re Reclassification of Shares

 
TIDMAGIT 
 
Date:     28 June 2017 
 
ABERFORTH GEARED INCOME TRUST PLC (the "Company") 
 
Reclassification of the Company's Shares 
 
Further to the proposals for the reconstruction and winding up of the Company 
under section 110 of the Insolvency Act 1986 (the "Scheme") and the results of 
the elections received under the Scheme which were announced by the Company on 
20 June 2017, the Company's shares will be reclassified as follows: 
 
1.  109,500,000 Ordinary Shares will be reclassified as: 
 
                (i) 45,007,944 shares with A rights; and 
 
                (ii) 64,492,056 shares with C rights, 
 
2.  73,000,000 ZDP Shares will be reclassified as: 
 
                (i) 45,886,143 shares with B rights; 
 
                (ii) 20,831,735 shares with D rights; and 
 
                (iii) 6,282,122 shares with E rights. 
 
Application has been made to the UK Listing Authority and the London Stock 
Exchange for the listing in respect of the Company's Shares to be amended to 
reflect the reclassification of its Shares as Reclassified Shares.  It is 
expected that such amendment will become effective and dealings in the 
Reclassified Shares will commence with effect from 8.00 a.m. on 29 June 2017. 
 
Suspension of Reclassified Shares 
 
It is expected that the listing of the Reclassified Shares will be suspended at 
7.30 a.m. on 30 June 2017. 
 
General 
 
The Scheme remains conditional on, among other conditions, the passing of the 
first special resolution to place the Company into members' voluntary 
liquidation which will be proposed at the general meeting of the Company 
convened for 30 June 2017.  The Scheme will not become effective unless that 
resolution is passed. 
 
Enquiries: 
 
Investment Managers 
 
Aberforth Partners LLP                                  [phone] 
 
Euan Macdonald 
 
Alistair Whyte 
 
Advisers to the Company 
 
Dickson Minto W.S.                                        [phone] 
 
Douglas Armstrong 
 
Capitalised terms shall bear the meanings given to them in the Company's 
Circular dated 19 May 2017 unless the context otherwise requires. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 28, 2017 10:30 ET (14:30 GMT)