abrdn Asia Focus plc

AGM Information • Jan 27, 2022

National Storage Mechanism | Additional information

RNS Number : 8754Z

Aberdeen Standard Asia Focus PLC

27 January 2022

27 January 2022

Aberdeen Standard Asia Focus PLC

LEI: 5493000FBZP1J92OQY70

Results of General Meeting

Aberdeen Standard Asia Focus PLC (the "Company") announces that at the General Meeting held earlier today all resolutions proposed were duly passed by way of a poll.  The votes received in relation to the resolutions were as follows:

RES NO.	VOTES FOR	%	VOTES AGAINST	%	VOTES TOTAL	% of ISC VOTED	VOTES WITHHELD
01	17,180,764	99.91%	15,223	0.09%	17,195,987	54.78	12,983
02	17,138,547	99.73%	45,733	0.27%	17,184,280	54.74	24,690
03	17,160,049	99.84%	28,140	0.16%	17,188,189	54.76	20,781
04	16,318,008	94.93%	872,190	5.07%	17,190,198	54.76	18,772

The full text of all the resolutions can be found in the shareholder circular dated 11 January 2022, copies of which are available for viewing on the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website, https://www.asia-focus.co.uk .

Following approval of the resolutions, changes to the Company's Investment Policy as outlined in the Shareholder Circular will be adopted with immediate effect.

As set out in the Notice of Meeting, Resolution 3, in relation to the sub-division of the Existing Ordinary Shares shall take effect on admission of the New Ordinary Shares to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities expected at 8.00 am on 4 February 2022. The New Ordinary Shares will rank pari passu with each other and will carry the same rights and be subject to the same restrictions as the Existing Ordinary Shares, including the same rights to participate in dividends paid by the Company. Communication preferences and mandates and other instructions for the payment of dividends in paper form or via CREST will, unless and until revised, continue to apply to the New Ordinary Shares. The expected timetable for the Share Split is set out below.

Under the Trust Deed, the conversion price of the CULS will be automatically and pro rata adjusted. The current conversion price is 1465.0p of CULS for one Existing Ordinary Share, and this shall change to a conversion price of 293.0p of CULS for one New Ordinary Share.

Expected timetable for the Share Split

Last day for dealings in Existing Ordinary Shares	Thursday 3 February
Record date for the Share Split and disablement in CREST of the existing ISIN for settlement	6.00 p.m. on Thursday, 3 February
Listing and Admission in the New Ordinary Shares expected to commence	8.00 am on Friday 4 February
Expected date for crediting CREST accounts with New Ordinary Shares (where applicable)	On or soon after 8.00 am on Friday 4 February
Expected date by which certificates in respect of New Ordinary Shares are to be dispatched to certificated shareholders	By Friday 18 February

Notes:

1.         References to times in this document are to London time.

2.         The dates set out in the expected timetable may be adjusted by the Company, in which event details of the new dates will be notified to Shareholders by an announcement made by the Company through a Regulatory Information Service.

For further information

abrdn

William Hemmings         +44 (0)20 7463 6223

Stephanie Hocking        +44 (0)20 7463 6403

Panmure Gordon

Sapna Shah                  +44 (0)20 7886 2783

Alex Collins                   +44 (0)20 7886 2767

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