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ADC Zeros 2010 plc (ADC2)

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Wednesday 12 May, 2010

ADC Zeros 2010 plc

Return of Capital

RNS Number : 7894L
ADC Zeros 2010 plc
12 May 2010
 



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

12 May 2010

Fourth Return of Capital

The Boards of ADC Zeros 2010 PLC and ADC Zeros 2012 PLC announce a fourth capital return under the Capital Return Scheme, which was approved by Shareholders at Extraordinary General Meetings held on 3 August 2007, of:

·     20p per 2010 ZDP Share; and

·     20p per 2012 ZDP Share.

This capital return, amounting to approximately £3 million in aggregate, will be paid on 28 May 2010 to ZDP Shareholders on the registers at the close of business on 21 May 2010 (the ex-return date being 19 May 2010).  Following payment of this capital return, a total of 88.6p per ZDP Share will have been returned to ZDP Shareholders.

In accordance with the terms of the Capital Return Scheme, the capital entitlements of the ZDPs will be adjusted on 28 May 2010 by deducting from the accrued capital entitlement per ZDP at that date (being 57.30p) the amount of the capital returned per ZDP referred to above (being 20p).  Accordingly, on 28 May 2010 the accrued capital entitlement per ZDP Share will be reduced from 57.30p to 37.30p 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 37.30p as at 28 May 2010.  On that basis, the final capital entitlement per ZDP Share on 30 April 2012 will be 42.11p.

The Board of Aberdeen Development Capital PLC confirms that no return of capital is being made to Ordinary Shareholders following the suspension of further payments to Ordinary Shareholders under the Capital Return Scheme until such time as the accrued capital entitlement of the ZDP Shares has been paid in full being approved by Shareholders at General Meetings held on 25 March 2010 and 6 April 2010.

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

Enquiries

Hugh Little/Derek Gault

Aberdeen Asset Management PLC

01224 631999

Sue Inglis/Chris Whittingslow

Canaccord Genuity Limited

020 7050 6779
020 7050 6528

Note

Unless the context otherwise requires, terms used in this announcement shall bear the meanings given to them in the circulars to the Companies' shareholders dated 11 July 2007 and 2 March 2010.


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