Result of General and Stockholder Meetings

RNS Number : 0498P

Aberdeen Asian Smaller Co's Inv Tst

23 May 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Aberdeen Asian Smaller Companies Investment Trust plc or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

Aberdeen Asian Smaller Companies Investment Trust PLC (the "Company")

Legal Entity Identifier (LEI): 5493000FBZP1J92OQY70

23 May 2018

Result of General Meeting of Shareholders and result of CULS holders' meeting

RESULTS OF GENERAL MEETING

At the General Meeting of the Company's Shareholders held today, both resolutions were passed:

-       Special Resolution - authorising the Directors to grant Conversion Rights in connection with the issue of new 2025 CULS and disapplying statutory pre-emption rights in relation to the grant of Conversion Rights.

-       Ordinary Resolution - authorising the amendment to the Company's investment objective and investment policy as set out in the Prospectus.

The total number of proxy votes lodged was as follows:

Resolution Number	Votes For	% of Votes For	Votes  Against	% of Votes Against	Total Votes Cast (Excluding Withheld)	Votes  Withheld	% Votes Withheld	Total Votes Cast (Including Withheld)
01	16,190,658	99.74%	42,762	0.26%	16,233,420	18,106	0.11%	16,251,526
02	16,197,627	99.78%	36,149	0.22%	16,233,776	17,750	0.11%	16,251,526

RESULTS OF CULS HOLDER MEETING

At the Stockholder Meeting of the 2019 CULS holders held today, the extraordinary resolution approving the Reinvestment Scheme and the Special Conversion Right (the "Proposals") was passed by the necessary majority on a poll.

The total number of votes lodged in the poll was as follows:

Resolution Number	Votes For	%	Votes Against	%	Total Votes Cast (excluding withheld)	% of Issued CULS Voted	Votes Withheld
1	22,003,819	99.94	12,461	0.06	22,016,280	72.66%	1,902

It is expected that admission of the 2025 CULS to be issued under the Issue and the new Ordinary Shares to be issued under the Special Conversion Right will take place at 8.00 am on 29 May 2018 and the listing for the 2019 CULS will be cancelled at 8.00 am on 29 May 2018.

Save for expressions defined in this announcement, words and expressions defined in the Prospectus and Circular published on 20 April 2018 shall have the same meaning in this announcement. The Prospectus and Circular are available on the Company's website which is located at www.asian-smaller.co.uk

Enquiries:

Aberdeen Asset Managers Limited

William Hemmings

020 7463 6000

Panmure Gordon

Rob Naylor/ Paul Fincham  0207 886 2500

Jonathan Crabtree 0207 886 2720 

Important Information

Panmure Gordon (UK) Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no-one else in connection with the matters referred to in this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Panmure Gordon (UK) Limited nor for providing advice in connection with the contents of this announcement or any other matter referred to herein. Panmure Gordon (UK) Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Panmure Gordon (UK) Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.

 

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