Proposed bonus issue of subsc

RNS Number : 9661T

Schroder AsiaPacific Fund PLC

16 June 2009

 

16 June 2009

PROPOSED BONUS ISSUE OF SUBSCRIPTION SHARES

The Board of Schroder AsiaPacific Fund plc (the 'Company') announces that it is considering proposals for a bonus issue of subscription shares to ordinary shareholders. Subscription shares confer the right (but not the obligation) to subscribe for ordinary shares and are qualifying investments for the purposes of stocks and shares ISAs and SIPPs. The Board believes that subscription shares represent an attractive way in which investors can participate in any future net asset growth of the Company through subscribing for ordinary shares. 

It is expected documents containing recommended proposals will be posted to shareholders in August. A further announcement will be made in due course. 

________________________________________________________________________

Enquiries: 

John Spedding Schroder Investment Management Limited	0207 658 3206
David Benda Numis Securities	020 7260 1275

 

END

 

 

IOESFLFSMSUSEEM