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ADIG Abrdn Diversified Income And Growth Plc

80.00
-2.80 (-3.38%)
27 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Diversified Income And Growth Plc LSE:ADIG London Ordinary Share GB0001297562 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.80 -3.38% 80.00 80.20 82.60 81.80 80.20 81.80 525,186 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.49M -299k -0.0010 -802.00 247.96M

abrdn Diversified Income and Growth Cancellation of share premium account

11/06/2024 5:13pm

RNS Regulatory News


RNS Number : 0300S
abrdn Diversified Income and Growth
11 June 2024
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THE JURISDICTION.

LEI Number: 2138003QINEGCHYGW702

11 June 2024

 

abrdn DIVERSIFIED INCOME AND GROWTH PLC

Completion of Cancellation and Reduction

abrdn Diversified Income and Growth plc (the "Company") is pleased to announce that the final hearing in the Court process to create a special, distributable reserve by way of cancelling its £116,556,000 share premium account, its £37,043,000 capital redemption reserve and reducing the nominal value of each of its ordinary shares from 25p to 1p (the "Cancellation and Reduction") was held on 7 June 2024 and an order was pronounced by the Court (the "Order") confirming the Cancellation and Reduction.  

The Company is also pleased to confirm that the Order has today been registered at Companies House together with a statement of capital approved by the Court. Therefore, all procedural steps required in connection with the Cancellation and Reduction have now been completed. A Circular in relation to the B share scheme will be published shortly with the expectation of the Initial Return of Capital comprising, in aggregate, approximately £115 million being implemented in the coming weeks.

End.

Enquiries:

 

abrdn Diversified Income and Growth plc


 

Davina Walter (Chairman)

via Buchanan

 

Dickson Minto Advisers


 

Douglas Armstrong                

+44 (0)20 7649 6823

 

Buchanan


 

Helen Tarbet / Henry Wilson   

+44 (0)20 7466 5000

 

George Beale / Verity Parker

ADIG@buchanancomms.co.uk

 

 

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