C Share Conversion Timetable

RNS Number : 7975S

Aberdeen Asian Income Fund Limited

05 December 2012

 



5 December 2012

ABERDEEN ASIAN INCOME FUND LIMITED
(THE "COMPANY")

C SHARE CALCULATION AND CONVERSION DATES

Pursuant to the prospectus issued by the Company on 22 October 2012 setting out the terms of a placing and offer for subscription of C Shares, the Directors have received notification from Aberdeen Asset Management Asia Limited that in excess of 80% of the assets attributable to the C Share Pool have been invested in accordance with the Company's investment policy.

Accordingly, in accordance with the terms of the C Share issue, the Directors have determined that the Calculation Date for the conversion of C Shares into Ordinary Shares will be 11 January 2013 and, as a result, Conversion will be made on the basis of the respective net asset values of the C Shares and Ordinary Shares as at close of business on 11 January 2013.

The expected timetable for Conversion is, therefore, as follows:

Calculation Date	11 January 2013
Conversion Ratio announced	24 January 2013
Record date for Conversion and C Share register closes	6.00 p.m. on 1 February 2013
Conversion Date and dealings in new Ordinary shares commence	8.00 a.m. on 4 February 2013
CREST accounts credited with New Shares in uncertificated form	4 February 2013
Share certificates in respect of New Shares in certificated form dispatched	Week commencing 11 February 2013

Further details regarding the Conversion Ratio and the Conversion process are set out in the Company's prospectus dated 22 October 2012 (terms defined in that prospectus have the same meanings when used in this announcement).

Enquiries

Sue Inglis/ Chris Whittingslow	Cantor Fitzgerald Europe	[phone]/ [phone]
Gary Jones/ Charles Mearns	Aberdeen Asset Managers Limited	[phone]

Notes

Cantor Fitzgerald Europe, which is authorised and regulated in the United Kingdom by the FSA, is acting solely for Aberdeen Asian Income Fund Limited and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Aberdeen Asian Income Fund Limited for providing the protections afforded to clients of Cantor Fitzgerald Europe or for providing advice in relation to the matters referred to in this announcement.

 

END

 

 

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