Update re Capital Entitlement of ZDP shares (7739O)
September 22 2011 - 11:01AM
UK Regulatory
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
END
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