Result of Issue, Admission &

RNS Number : 0824R

Aberdeen Latin American Inc Fd Ltd

16 August 2010

 



16 August 2010

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

RESULT OF ISSUE, ADMISSION AND COMMENCEMENT OF DEALINGS

The Board is pleased to announce that 41,780,700 Ordinary Shares and 4,178,070 Subscription Shares have been allotted and issued to investors through the Placing and 10,325,485 Ordinary Shares and 1,032,548 Subscription Shares have been allotted and issued to applicants under the Offer for Subscription. 

Under the terms of the Aberdeen Subscription Share Agreement, the Manager has been allotted and issued 5,210,618 Subscription Shares, such number being equal to the number of Subscription Shares which have been issued pursuant to the Placing and Offer for Subscription.

The Company has issued, therefore, 52,106,185 Ordinary Shares and 10,421,236 Subscription Shares pursuant to the Issue, all of which were admitted to the Official List and to trading on the London Stock Exchange's Main Market at 8.00 a.m. this morning.

The issue of 52,106,185 Ordinary Shares at 100p per share equates to gross proceeds of £52,106,185. In addition, the purchase for cash by the Manager of 5,210,618 Subscription Shares at 10.5p per Subscription Share raised a further £547,114.

The ticker symbol for the Company's Ordinary Shares is 'ALAI' (ISIN: JE00B44ZTP62) and the ticker symbol for the Company's Subscription Shares is 'ALAS' (ISIN: JE00B439GT24).

Enquiries

Charlie Macrae	Aberdeen Private Wealth Management Limited Company Secretary	0207 463 6072
Gordon Neilly / Chris Whittingslow	Canaccord Genuity Limited	020 7050 6778 020 7050 6528

Notes

Words and expressions defined in the Prospectus relating to the Company dated 14 July 2010 have the same meanings when used in this announcement unless the context requires otherwise.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting for Aberdeen Latin American Income Fund Limited and for no one else in connection with the Issue 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 affording advice in relation to the Issue and any related matters.

 

END

 

 

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