Sub shares Appointment of Trustee

RNS Number : 7230K

Aberdeen Latin American Inc Fd Ltd

04 January 2016

 

4 JANUARY 2016

ABERDEEN LATIN AMERICAN INCOME FUND LIMITED
(the "company")

SUBSCRIPTION SHARES - APPOINTMENT OF TRUSTEE

Following the suspension of the listing of, and trading in, the Subscription Shares in the Company from 7.30 a.m. on Monday, 4 January 2016, being the earliest practicable date following the final subscription conversion date of 31 December 2015, the Company confirms that a trustee (the "Trustee") has been appointed over the Subscription Shares whose conversion rights had not been exercised on or before 31 December 2015 (the "Remaining Subscription Shares").

As previously announced on 16 November 2015, the Company has also requested that the UK Listing Authority cancel the listing of, and the London Stock Exchange to cancel trading in, the Subscription Shares with effect from 8.00 a.m. on Friday 15 January 2016.  To the extent the Remaining Subscription Share rights have not been exercised by the Trustee on or before Thursday, 14 January 2016 and, in accordance with their terms, all Remaining Subscription Shares will be converted automatically into deferred shares ("Deferred Shares") and repurchased by the Company for a nominal consideration and cancelled.  The Company shall not be obliged to account to any holder of Deferred Shares for the repurchase moneys in respect of such Deferred Shares.

Enquiries

Gary Jones, 020 7463 6000 Aberdeen Asset Managers Limited

Charles Mearns, 0131 528 4000 Aberdeen Private Wealth Management Limited

 

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