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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn European Logistics Income Plc | LSE:ASLI | London | Ordinary Share | GB00BD9PXH49 | 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% | 59.80 | 59.40 | 60.00 | 59.80 | 59.80 | 59.80 | 20,359 | 08:11:58 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 36.6M | -18.44M | -0.0447 | -13.38 | 246.48M |
From May 2019 to May 2024
TIDMASLI
RNS Number : 7650I
Aberdeen Standard Eur Lgstc Inc PLC
23 March 2018
Aberdeen Standard European Logistics Income PLC (LSE: ASLI)
LEI: 213800I9IYIKKNRT3G50
23 March 2018
Share Premium Account Cancellation and Investment Update
Share Premium Account
The Board of Aberdeen Standard European Logistics Income PLC (the "Company") hereby announces that, as envisaged in the IPO prospectus of last November, the Company has now cancelled its share premium account so as to create a new special reserve containing distributable profits. This new reserve may be used by the Company to fund, amongst other things, share buybacks. The cancellation took effect from 16 March 2018.
Investment Update
The Board is also pleased to confirm that the acquisition of the Flörsheim Logistics Park, Frankfurt, for EUR20.1 million has now completed, with rental income being received from 1 February 2018. Flörsheim is fully let to five logistic tenants, benefits from almost full annual rent indexation (CPI) and fits well with the Company's investment strategy.
The Investment Manager remains confident in the pipeline of logistics asset opportunities, having recently entered into exclusivity arrangements in respect of two European logistics assets valued at EUR48.5 million in aggregate, and with several other bids pending. The Company will issue a further announcement providing additional details in the event that the relevant bids are successful and contracts are exchanged.
For further information:
Aberdeen Fund Managers Limited
0207 463 6000
Gary Jones
Jonathon McManus
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBGGDXLUDBGIX
(END) Dow Jones Newswires
March 23, 2018 07:00 ET (11:00 GMT)
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