abrdn Diversified Income and Growth plc

Share Issue/Capital Change • Jun 17, 2024

National Storage Mechanism | Additional information

RNS Number : 7184S

abrdn Diversified Income and Growth

17 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

17 June 2024

ABRDN DIVERSIFIED INCOME AND GROWTH PLC

Publication of Circular in relation to proposed B Share Scheme

abrdn Diversified Income and Growth plc (the "Company") is pleased to announce further details of its proposals to return approximately £115 million in aggregate (representing approximately 38 pence per Ordinary Share) to Shareholders by way of an Initial Return of Capital pursuant to a bonus issue, on a pro rata basis, of B Shares to all Shareholders followed by the redemption of such B Shares (the "B Share Scheme").  

A circular containing further details of the proposed B Share Scheme, including the Initial Return of Capital, and the notice convening the General Meeting has today been published by the Company (the "Circular"). A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at   https://data.fca.org.uk/#/nsm/nationalstoragemechanism . The Circular will also be available on the Company's website ( https://www.abrdndiversified.co.uk/en-gb ).

The introduction of the B Share  Scheme remains conditional on Shareholder approval. The Circular contains notice of the general meeting of the Company, to be held at the offices of Dickson Minto, Level 4, Dashwood House, 69 Old Broad Street, London EC2M 1QS at 4 p.m. on 3 July 2024 (the "General Meeting"), at which Shareholders are being asked to provide the Company with the necessary authorities to implement the B Share Scheme.

Timetable

It is expected that the timetable for the General Meeting and the B Share Scheme will be as follows:

	2024
Publication of the Circular	17 June
Latest time for receipt of Forms of Proxy and electronic appointments of proxies in respect of the General Meeting	4 p.m. on 1 July
General Meeting	4 p.m. on 3 July
Ex Date in respect of the Initial Return of Capital	3 July
Record Date in respect of Initial Return of Capital	6 p.m. on 4 July
Issue and allotment of B Shares in respect of the Initial Return of Capital	5 July
Redemption Date in respect of Initial Return of Capital	5 July
Payment date: (i) cheques posted to Shareholders; and (ii) CREST holders credited with funds, in each case respect of the first Return of Capital	By 10 July

Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires 

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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