Result of equity issue & total voting rights

RNS Number : 5122W

Aberdeen Latin American Inc Fd Ltd

31 January 2012

 



31 January 2012

ABERDEEN LATIN AMERICAN INCOME FUND LIMITED
(THE"COMPANY")

RESULT OF EQUITY ISSUE AND TOTAL VOTING RIGHTS

Result of Equity Issue

The Company published a prospectus on 20 January 2012 setting out the terms of a placing and offer for subscription of C Shares at an issue price of £1 per C Share (the "Prospectus").

The Board is pleased to announce that gross proceeds of £15,597,185 have been raised pursuant to the Issue.  Accordingly, 15,597,185 C Shares will be issued at the Issue Price, comprising 15,296.185 C Shares via the Placing and 301,000 C Shares via the Public Offer.

Application has been made for the C Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange with effect from 8.00 a.m. on Friday, 3 February 2012.

The ISIN of the C Shares is JE00B7GHFN18 and the TIDM of the C Shares is ALAC.

C Shares issued in uncertificated form are expected to be credited to the relevant CREST accounts by 8.00 a.m. on Friday, 3 February 2012 and certificates for C Shares issued in certificated form are expected to be despatched during the week commencing Monday, 6 February 2012.

The Company intends to publish a daily NAV for the C Shares and will make a further announcement in due course setting out the Conversion Ratio to be applied in converting the C Shares into Ordinary Shares, the record date of this Conversion and any dividends which may be payable to C Shareholders in advance of the Calculation Date.

Total Voting Rights

Following Admission, which is expected to take effect 8.00 a.m. on Friday, 3 February 2012, the Company's share capital will consist of 52,106,185 Ordinary Shares, 15,597,185 C Shares and 10,421,236 Subscription Shares.  On a poll at a general meeting of the Company, each Ordinary Share confers, and each C Share will confer, the right to one vote.  Subscription Shares do not confer any voting rights.  Accordingly, the total number of voting rights will be 67,703,370 on Admission.

The above figure (67,703,370) may be used by investors as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FSA's Disclosure and Transparency Rules.

Enquiries

Chris Whittingslow/Sue Inglis	Canaccord Genuity Limited	020 7050 6528/ 020 7050 6779
Gary Jones	Aberdeen Asset Managers Limited	020 7463 6295

Notes

Canaccord Genuity Limited is acting for Aberdeen Latin American Income Fund Limited and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than Aberdeen Latin American Income Fund Limited for providing the protections afforded to clients of Canaccord Genuity Limited or for providing advice in relation to the matters referred to in this announcement.

Words and expressions defined in the Prospectus have the same meanings when used in this announcement.

 

END

 

 

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