Exercise of Subscription Shares

RNS Number : 7652B

Aberdeen Latin American Inc Fd Ltd

09 January 2015

 



Aberdeen Latin American Income Fund Limited

Exercise of Subscription Shares

9 January 2015

Aberdeen Latin American Income Fund Limited (the "Company") announces that 150 Ordinary shares of no par value in the capital of the Company (the "New Shares") have been issued following the exercise of subscription rights by holders of a corresponding number of subscription shares of no par value in the capital of the Company (the "Subscription Shares"), conditional only on the New Shares being admitted by the Financial Conduct Authority (the "FCA") to the premium segment of the Official List and by the London Stock Exchange to trading on its main market (together, "Admission"). The New Shares will rank pari passu in all respects with the existing ordinary shares of no par value in the capital of the Company ("Ordinary Shares").

Application is being made for Admission and Admission is expected to become effective, and dealings in the New Shares are expected to commence, at 8.00 a.m. on 14 January 2015. Following the issue of the New Shares, the Company's issued share capital will comprise 66,572,824 Ordinary Shares, of which 1,015,000 are held in treasury, and 10,420,986 Subscription Shares (which carry no voting rights). Therefore, the total number of shares with voting rights in the Company will be 65,557,824 Ordinary Shares.

The above figure (65,557,824) may be used by Ordinary Shareholders and other investors as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Charles Mearns

Aberdeen Private Wealth Management Limited

Company Secretary

Telephone: [phone]

 

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