Response to AWEM Announcement

Asia Dragon Trust PLC
07 May 2024
 

7 May 2024

 

Asia Dragon Trust plc

 

Response to AWEM Announcement

 

The Board of Asia Dragon Trust plc ("DGN" or the "Company") notes the announcement this morning by Ashoka WhiteOak Emerging Markets Trust plc ("AWEM") regarding a proposal for the combination of the assets of DGN and AWEM by way of a scheme of reconstruction of DGN pursuant to section 110 of the Insolvency Act 1986 and a rollover of its assets into AWEM (the "AWEM Proposals").

 

The Board confirms that it has received an approach from AWEM and urges shareholders to take no action at this time in relation to the AWEM Proposals.

 

The Company will make a further announcement in due course.

 

For further information:

 

 

abrdn Holdings Limited

Charles Mearns (Company Secretary)

 

0131 372 9369

Winterflood Investment Trusts

Neil Langford

 

020 3100 0160

 

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
 
 
UK 100

Latest directors dealings