Court Approval of Cancellation of Capital Reserve

Summary by AI BETAClose X

abrdn European Logistics Income plc has received High Court confirmation to cancel its Capital Redemption Reserve, which will be transferred to a new special reserve that can be used for distributable profits, including potential future distributions under the Company's B Shares scheme. The effective date of this cancellation will be announced once the court order is registered at Companies House, after which further details on the next B Share distribution will be provided.

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abrdn European Logistics Income plc
02 July 2026
 

abrdn European Logistics Income plc (the "Company")
LEI: 213800I9IYIKKNRT3G50

Cancellation of Capital Redemption Reserve

2 July 2026

The Company announces that, following the passing of special resolution 11 at the Annual General Meeting held on 1 June 2026, the Company has now received confirmation from the High Court of Justice in England and Wales for the cancellation of the amount standing to the credit of the Capital Redemption Reserve of the Company at 1 June 2026 which will be credited to a new special reserve which may be treated as distributable profits. This new reserve may be used by the Company to fund, amongst other things, further distributions under the Company's B Shares scheme. The Company will announce the effective date of the cancellation once the court order confirming the cancellation has been registered at Companies House. Further details regarding the next B Share distribution will then be announced.

 

Details of the Company may be found on the Company's website at: http://www.aberdeeninvestments.com/en-gb/asli

 

For further information please contact:

abrdn Fund Managers Limited        +44 (0) 20 7156 2382

Ben Heatley

Investec Bank plc                             +44 (0) 20 7597 4000

David Yovichic

Denis Flanagan

FTI Consulting                                 +44 (0) 20 3727 1000

Dido Laurimore

Richard Gotla

Oliver Parsons

 

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