Replacement - Interim dividend year end 31 Mar 20

RNS Number : 6105A

Aberdeen New India Invest Trust PLC

30 September 2020

 

ABERDEEN NEW INDIA INVESTMENT TRUST PLC

Legal Entity Identifier (LEI): 549300D2AW66WYEVKF02

Information disclosed in accordance with LR 9.7A.2 of the UKLA Listing Rules

30 September 2020

The following amendment has been made to the "Interim Dividend in respect of the year ended 31 March 2020" announcement released on 24 September 2020 at 12.30pm under RNS Number 0404A.

The Company's registrar is withdrawing the option for shareholders to receive the interim dividend via participation in the Dividend Reinvestment Plan.

All other details remain unchanged.

The full amended text is shown below.

24 September 2020

Interim Dividend in respect of the year ended 31 March 2020

The Board of Aberdeen New India Investment Trust PLC (the "Company") announces that it is declaring an interim dividend in respect of the year ended 31 March 2020 of 1.0 pence per share on the Company's Ordinary shares.

This interim dividend, which will be paid on 30 October 2020 to shareholders on the register on 2 October 2020 (ex-dividend date 1 October 2020), has been declared, on an exceptional basis, to enable the Company to maintain its investment trust status in accordance with HMRC requirements. The minimum required net revenue distribution of approximately 0.22 pence per Ordinary share has been supplemented by capital reserves in accordance with the Company's revised Articles of Association, which were approved by shareholders at the Annual General Meeting on 23 September 2020, to ensure a more meaningful amount for those shareholders receiving cheques.

This one-off exceptional payment and use of capital reserves is not expected to set any precedent for the future.

Enquiries:

Stuart Reid

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

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