TIDMAFMC

RNS Number : 4682W

Aberdeen Frontier Mkts Inv Co Ltd

18 August 2020

18 August 2020

ABERDEEN FRONTIER MARKETS INVESTMENT COMPANY LIMITED (the "Company")

(in members' voluntary liquidation)

LEI: 213800X9N731I4IPK361

Result of Extraordinary General Meeting

The Board is pleased to announce that the resolutions to wind up the Company and place the Company into members' voluntary liquidation were voted on and approved by the Company's shareholders at the Extraordinary General Meeting held earlier today and that James Robert Toynton and Benjamin Alexander Rhodes, both of Grant Thornton Limited, PO Box 313, Lefebvre House, Lefebvre Street, St Peter Port, Guernsey, GY1 3TF have been appointed as joint liquidators.

 
                                                                                         Votes 
 Resolution                  Votes For*     %     Votes Against    %     Votes Total    Withheld 
 1. That the Directors 
  be authorised to 
  cancel the admission 
  of the Company's 
  shares to trading 
  on AIM                     56,292,506   97.87       1,223,681   2.13    57,516,187       7,370 
                            -----------  ------  --------------  -----  ------------  ---------- 
 2. That the Company 
  be wound-up voluntarily    56,293,346   97.88       1,216,946   2.12    57,510,292      13,266 
                            -----------  ------  --------------  -----  ------------  ---------- 
 3. That the joint 
  liquidators be 
  authorised to divide 
  any part of the 
  Company's assets 
  in specie as they 
  think fit                  56,288,887   97.92       1,197,265   2.08    57,486,152      37,405 
                            -----------  ------  --------------  -----  ------------  ---------- 
 4. That the joint 
  liquidators be 
  given discretion 
  to pay any residual 
  sum to a charitable 
  cause if uneconomic 
  to distribute              56,297,175   97.92       1,198,104   2.08    57,495,279      28,278 
                            -----------  ------  --------------  -----  ------------  ---------- 
 5. That the joint 
  liquidators are 
  appointed                  56,303,899   97.92       1,197,265   2.08    57,501,164      22,393 
                            -----------  ------  --------------  -----  ------------  ----------

Resolutions 1 to 4 were proposed as Special resolutions with resolution 5 being proposed as an Ordinary resolution

   *           The votes "For" include those votes giving the Chairman discretion.

The full text of the resolutions can be found in the Notice of Extraordinary General Meeting contained in the Company's circular dated 16 July 2020 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism ("NSM"). A copy of the resolutions will shortly be submitted to the NSM and available for inspection at: https://www.fca.org.uk/markets/primary-markets/regulatory-disclosures/national-storage-mechanism.

The Circular is also available in electronic format on the Company's website, https://www.aberdeenfrontiermarkets.co.uk.

The Company's ordinary shares were suspended at 7.30 a.m. on 18 August 2020.

In accordance with AIM Rule 41, the Directors (through the Company's Nominated Adviser) have notified the London Stock Exchange of the company's intention to cancel the Company's admission of the ordinary shares to trading on AIM at 7:00 a.m. on 19 August 2020.

Following the appointment of the joint liquidators, all further enquiries regarding the Company should be made to Grant Thornton Limited, contact details as below. The joint liquidators will seek to distribute the substantial majority of the cash proceeds of the winding-up of the portfolio, less the costs of the proposals and any amount attributable to the Liquidation Fund, as described in the Circular, as soon as practicable and expected to be in the month of September 2020, to those shareholders appearing on the register of members as at the record date of 17 August 2020.

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

Enquiries:

 
 Liquidators                      +44 (1)481 753 400 
  Jamie Toynton 
  Ben Rhodes                       Email: 
                                   Corporate.Recovery@gt-ci.com 
 Aberdeen Standard Investments 
  Gary Jones                      +44 (0)207 463 6000

Note: The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the document referred to above, is neither incorporated into nor forms part of the above announcement.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 18, 2020 07:35 ET (11:35 GMT)

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