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ADC Zeros 2010 plc (ADC2)

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Wednesday 08 October, 2008

ADC Zeros 2010 plc

Portfolio Update

RNS Number : 4129F
ADC Zeros 2010 plc
08 October 2008
 

Aberdeen Development Capital PLC, ADC Zeros 2010 PLC and ADC Zeros 2012 PLC

8 October 2008

Portfolio Update

The Boards of the above companies announce a second capital return under the Capital Return Scheme, which was approved by Shareholders at Extraordinary General Meetings held on 3 August 2007, of:

  • 15p per 2010 ZDP;

  • 15p per 2012 ZDP; and

  • 2p per Ordinary Share.

This capital return, amounting to  approximately £3 million in aggregate, will be paid on 14 November 2008 to Shareholders on the register on 17 October 2008.  

In accordance with the terms of the Capital Return Scheme, the capital entitlements of the ZDPs will be adjusted on 14 November 2008 by deducting from the accrued capital entitlement per ZDP at that date (being 69.52p) the amount of the capital returned per ZDP referred to above (being 15p). Accordingly, on 14 November 2008 the accrued capital entitlement per ZDP will be reduced from 69.52p to 54.52p and, thereafter, the capital entitlement per ZDP will continue to accrue at the rate of 6.5 per cent. per annum, based on the reduced capital entitlement of 54.52p as at 14 November 2008.

The Board will continue to monitor liquidity and return capital to Shareholders as circumstances allow.

Ends


This information is provided by RNS
The company news service from the London Stock Exchange
 
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