Issue of Equity

RNS Number : 3296T

Aberdeen Asian Smaller Co's Inv Tst

18 November 2013

			RESOLUTION IN WRITING OF THE ALLOTMENT COMMITTEE of the BOARD of DIRECTORS of ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC dated 18 November 2013


1.	Quorum	It is noted that the Committee is quorate in accordance with the terms of its appointment at the Board meeting held on 8 September 2011.

2.	Allotment	It is noted that Directors of the Company have authority to issue up to 10% of the share capital in the form of new Ordinary shares of 25p each on a non pre-emptive basis provided that such issues are at a premium to the prevailing net asset value per Ordinary share.

		It is noted that the Directors agreed on 19 December 2012 to consider selling shares from treasury at a share price premium of 2.0% or more to the relevant diluted inclusive of income NAV and selling new shares under a blocklisting at a share price premium of 2.0% or more to the relevant diluted inclusive of income NAV. It is noted that the Morningstar live estimated NAV is 931.84 pence (inclusive of income) with the proposed issue price of 961 pence representing a premium of 3.1%.

		It is RESOLVED with immediate effect to issue for cash, 25,000 new Ordinary shares of 25p at a price of 961 pence per share and to allot these shares to the following CREST account before midday on 21 November 2013. Crest ID - 83801 Account No - 2013900