ABD.L

Aberdeen New Dawn Investment Trust Plc
FTSE Russell - ABRDN New Dawn Investment Trust
25th October 2023, 17:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 3121R
FTSE Russell
25 October 2023
 

 


 

ABRDN New Dawn Investment Trust (UK): Scheme of Reconstruction with Asia Dragon Trust (UK)

Informative Notice

25 October 2023

FTSE Russell notes the proposed Scheme of Reconstruction and voluntary winding up of ABRDN New Dawn Investment Trust (UK, BBM56V2, FTSE SmallCap Index) whereby shareholders will receive shares in Asia Dragon Trust (UK, 0294502, FTSE SmallCap Index) or can elect to receive a cash option in exchange for their current holdings.

 

Following shareholder approval and based on the current timetable, FTSE Russell anticipates the following treatment:

 

Wednesday 08 November 2023:

 

Expected announcement of the election results and terms.

 

FTSE Russell expects to announce confirmed index changes, subject to the timely announcement of the election results and terms.

 

Please note: ABRDN New Dawn Investment Trust is expected to suspend prior to index implementation. In the absence of an active market, the close price will be updated to reflect the default option of stock terms in Asia Dragon Trust until it is removed.

 

Monday 13 October 2023 (at the earliest, assuming two days' notice subsequent to disclosure of election results and stock terms):

 

ABRDN New Dawn Investment Trust will be deleted from FTSE Russell Indices.

 

Asia Dragon Trust will remain within its existing indices with shares increased in accordance with the election results and stock terms.

 

FTSE Russell will issue further notices confirming index treatment in due course.

 

 

 

 

For further information please contact FTSE Russell Client Services at info@ftserussell.com or call:


Australia


+61 (0) 2 7228 5659

Hong Kong

+852 2164 3333

Japan

+81 3 6441 1430

London

+44 (0) 20 7866 1810

New York

+1877 503 6437

Alternatively please visit our website at lseg.com/ftse-russell


 Terms of Use | Copyright © 2023 FTSE Russell

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
FTSFEDFMIEDSEES]]>
TwitterFacebookLinkedIn