ADIG Abrdn Diversified Income And Growth Plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THE JURISDICTION.

LEI Number: 2138003QINEGCHYGW702

17 June 2024

ABRDN DIVERSIFIED INCOME AND GROWTH PLC

Publication of Circular in relation to proposed B Share Scheme

abrdn Diversified Income and Growth plc (the "Company") is pleased to announce further details of its proposals to return approximately £115 million in aggregate (representing approximately 38 pence per Ordinary Share) to Shareholders by way of an Initial Return of Capital pursuant to a bonus issue, on a pro rata basis, of B Shares to all Shareholders followed by the redemption of such B Shares (the "B Share Scheme").  

A circular containing further details of the proposed B Share Scheme, including the Initial Return of Capital, and the notice convening the General Meeting has today been published by the Company (the "Circular"). A copy of the Circular will be submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Circular will also be available on the Company's website (https://www.abrdndiversified.co.uk/en-gb ).

The introduction of the B Share Scheme remains conditional on Shareholder approval. The Circular contains notice of the general meeting of the Company, to be held at the offices of Dickson Minto, Level 4, Dashwood House, 69 Old Broad Street, London EC2M 1QS at 4 p.m. on 3 July 2024 (the "General Meeting"), at which Shareholders are being asked to provide the Company with the necessary authorities to implement the B Share Scheme.

Timetable

It is expected that the timetable for the General Meeting and the B Share Scheme will be as follows:

Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires