5th capital distribution by way of B Share scheme
Summary by AI BETAClose X
24 April 2026
abrdn European Logistics Income plc
LEI: 213800I9IYIKKNRT3G50
Fifth capital distribution by way of B Share scheme
abrdn European Logistics Income plc (the "Company" or "ASLI") announces its fifth capital distribution under the B Share scheme.
Approved B Share Scheme
The Board has resolved to return approximately Euro 19.0 million (c.£16.5 million) of aggregate net sales proceeds to Shareholders under the B Share scheme.
B Shares will be allotted and issued to Shareholders pro rata to their holdings of Ordinary Shares as at the Record Date. No fractions of B Shares will be issued and entitlements will be rounded down to the nearest whole B Share. The B Shares carry only limited rights and full details of their rights and restrictions are set out in Part 3 of the Company's circular, dated 6 November 2024, available on the Company's website at www.aberdeeninvestments.com/en-gb/asli under the Literature section.
No share certificates will be issued in respect of the B Shares, no CREST accounts will be credited with such shares, and no application will be made for the B Shares to be admitted to listing or trading on any exchange.
B Shares will be issued and redeemed by the Company's registrar, Equiniti. Each redemption will be at the option of the Company and undertaken shortly after issue. At that time, all B Shares in issue will be compulsorily redeemed and cancelled in accordance with their terms for an amount equal to the nominal value paid up on the B Shares.
Redemption proceeds will be delivered via CREST to uncertificated Shareholders and by cheque to certificated Shareholders.
Fifth B Share Scheme Distribution
Pursuant to the authority received from Shareholders at the general meeting held on 22 November 2024, the Board has approved the issue of further B Shares of one penny each. B Shares will be issued to Shareholders by way of a bonus issue on the basis of 4 B Shares for every 1 Ordinary Share held at the Record Date of 6.00 p.m. on 14 May 2026 (ex-date: 13 May 2026).
The B Shares will be issued and immediately redeemed on 15 May 2026, with redemption proceeds equivalent to 4.0 pence per Ordinary Share. Payments will be made on 29 May 2026 through CREST to uncertificated Shareholders or via cheque to certificated Shareholders.
This distribution follows prior returns of 4.0 pence per Ordinary share (20 March 2025), 12.0 pence per Ordinary share (13 August 2025), 13.0 pence per Ordinary share (30 September 2025) and 10.0 pence per Ordinary share (30 December 2025). Inclusive of this distribution, Shareholders will have received a total of 43.0 pence per Ordinary share, equivalent to an aggregate return of approximately £177 million.
NOTE: NO SHARE CERTIFICATES WILL BE ISSUED IN RESPECT OF B SHARES
Cancellation of Capital Redemption Reserve
This fifth B Share distribution substantially depletes the Company's existing distributable reserves established for the purposes of the B Share scheme. In order to support further returns of capital to Shareholders, the Company will seek certain shareholder approvals at the forthcoming AGM. Further details will be set out in the Annual Report and Notice of AGM which is due to post shortly. In addition, further sale proceeds are in the process of being repatriated to the parent company from certain European jurisdictions, subject to relevant tax authority clearances. This process will enable further returns of capital.
Timetable for Fifth B Share Distribution
It is expected that the timetable will be as follows:
|
Event |
Date |
|
Ex-Date |
13 May 2026 |
|
Record Date |
6 p.m. on 14 May 2026 |
|
Issue and Redemption of B Shares |
15 May 2026 |
|
Payment Date (via CREST/cheques) |
29 May 2026 |
Defined terms used in this announcement have the meanings given in the Circular published by the Company on 6 November 2024 which may be found on the Company's website unless the context otherwise requires.
|
Enquiries: |
Aberdeen
Ben Heatley +44 (0) 20 7156 2382
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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