Aberdeen Frontier Mkts Inv Co Ltd Tender Offer Second Interim Distribution (3848I)
June 16 2017 - 10:47AM
UK Regulatory
TIDMAFMC
RNS Number : 3848I
Aberdeen Frontier Mkts Inv Co Ltd
16 June 2017
Aberdeen Frontier Markets Investment Company Limited
Tender Offer - Second Interim Distribution
16 June 2017
The Company is pleased to announce the payment of a second
interim distribution to Tendering Shareholders at a rate of 6.5p in
respect of each validly tendered Ordinary Share. The distribution
payment will be made on 30 June 2017. CREST accounts will be
credited on 30 June 2017.
As reported in the Net Asset Value announcement published on 12
June 2017, the sterling equivalent of the Net Asset Value of the
remaining Tender Pool as at the close of business on 9 June 2017
divided by the number of shares validly tendered was 6.95p per
tendered share. A small residual investment will remain in the
Tender Pool after the 6.5p interim distribution has been made. Once
the cash proceeds from the realisation of this investment have been
received the Company will make a final distribution. The
realisation timeline for this illiquid investment is unknown being
subject to foreign exchange restrictions. An announcement regarding
the final distribution will be made in due course.
Terms used and not defined in this announcement shall have the
meaning given to them in the Circular dated 3 February 2017.
www.aberdeenfrontiermarkets.co.uk
Enquiries:
Aberdeen Fund Managers Limited (Investment Manager to Aberdeen
Frontier Markets Investment Company Limited)
William Hemmings / Gary Jones Tel: +44 (0)20 7463 6000
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett Tel: +44 (0)20 7383 5100
Numis Securities Limited (Nominated Broker)
David Benda Tel: +44 (0) 20 7260 1275
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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