TIDMASLI

RNS Number : 1558S

Aberdeen Standard Eur Lgstc Inc PLC

12 March 2021

THIS ANNOUNCEMENT IS NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT HAS BEEN DETERMINED TO CONTAIN INSIDE INFORMATION

12 March 2021

Aberdeen Standard European Logistics Income PLC

LEI: 213800I9IYIKKNRT3G50

Result of Placing

Further to the announcement of 10 March 2021, the Board of Aberdeen Standard European Logistics Income PLC (the "Company" or "ASLI") is pleased to announce that the Company proposes to issue 18.45 million new ordinary shares in the capital of the Company ("New Ordinary Shares") at a price of 105 pence per share (the "Issue"), raising gross proceeds of GBP19.4 million. The Issue was over-subscribed at the issue price and a scaling back process was undertaken.

Application has been made to the Financial Conduct Authority for admission of the New Ordinary Shares to the premium segment of the Official List and to London Stock Exchange plc for admission to trading of the New Ordinary Shares on its main market for listed securities (the "Main Market"), (together, "Admission"). It is expected that Admission will become effective, and that dealings in the New Ordinary Shares on the Main Market will commence at 8.00 a.m. on 16 March 2021.

Following the issue of the New Ordinary Shares, the total number of voting rights in the Company will be 262,950,001. This figure may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Tony Roper, Chairman of ASLI said:

"We are very pleased with the support shown from our existing and new shareholders. By utilising the total remaining issuance authority and the Company's EUR40 million loan facility, the Investment Manager has sufficient capital to fund its near-term pipeline. We also hope to announce the completion of the Company's fifteenth acquisition later this month."

The ticker for the Company's ordinary shares is ASLI. The ISIN for the Company's ordinary shares is GB00BD9PXH49 and the SEDOL is BD9PXH4.

For further information please contact:

   Aberdeen Asset Management PLC                    +44 (0) 20 7463 6000 

Luke Mason

Gary Jones

   Investec Bank plc                                            +44 (0) 20 7597 4000 

Dominic Waters

Neil Brierley

Will Barnett

David Yovichic

Denis Flanagan

   FTI Consulting                                                 +44 (0) 20 3727 1000 

Dido Laurimore

Richard Gotla

James McEwan

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROIGPUQWWUPGGCP

(END) Dow Jones Newswires

March 12, 2021 09:39 ET (14:39 GMT)

Abrdn European Logistics... (LSE:ASLI)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Abrdn European Logistics... Charts.
Abrdn European Logistics... (LSE:ASLI)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Abrdn European Logistics... Charts.