Announcement by abrdn Smaller Cos Income Trust plc

RNS Number : 8625P
Shires Income PLC
14 February 2023

Shires Income PLC





Announcement by abrdn Smaller Companies Income Trust plc

The Board of Shires Income PLC ("Shires Income") notes the announcement on 13th February 2023 by the Board of abrdn Smaller Companies Income Trust plc ("ASCIT") concerning a strategic review.  Over the last few months, Shires Income, which owns 13.6% of ASCIT, has been discussing a proposal with the Board of ASCIT and its advisers, which the Board of Shires Income believed delivered compelling benefits for both sets of shareholders. Shires Income will consider its position in the light of ASCIT's announcement and a further announcement may be made in due course.

 For avoidance of doubt, the proposal did not anticipate Shires Income making any Offer, recommended or otherwise, under the City Code on Takeover and Mergers (the "City Code"). This announcement has been made to clarify Shires Income's position under the City Code and UK Market Abuse Regulation.


William Simmonds

J.P. Morgan Cazenove

+44 (0) 20 7742 4000




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 or visit

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.
UK 100

Latest directors dealings