abrdn Diversified Income and Growth Notice of Redemption of 6.25% Bonds due 2031
08 March 2024 - 7:00PM
RNS Regulatory News
RNS Number : 1422G
abrdn Diversified Income and Growth
08 March 2024
abrDn diversified income and
growth PLC
Legal Entity Identifier
(LEI): 2138003QINEGCHYGW702
8 march
2024
Notice to
BONDholders
ISIN
XS0134340180
Bond Redemption
The Board of abrdn Diversified
Income and Growth plc (the "Company") hereby announces to holders
of its outstanding £16.096 million 6.25 per cent Bonds due 2031,
ISIN XS0134340180, (the "Bonds") that it intends to redeem all
of the outstanding Bonds pursuant to condition 7(b).
The Bonds are to be redeemed on 9
April 2024. The redemption price will be 114.983%. The redemption
price has been calculated in accordance with the conditions, using
the gross redemption yield of the United Kingdom 6% Treasury Stock
due 7 December 2028 at 3.00 p.m. on 6 March 2024. The Company will
also pay the accrued but unpaid interest on the Bonds up to and
including the date of redemption which the Company confirms to be
£79,707 in the aggregate. Pursuant to condition 7(d) (Redemption and Purchase), all Bonds
which have been redeemed will be cancelled.
Contact details
For further information please
contact:
abrdn Holdings Limited,
Secretaries
Email:
cef.cosec@abrdn.com
This announcement is released by the Company and contains
information that qualified or may have qualified as inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014, as it forms part of English law by virtue
of the European Union (Withdrawal) Act 2018 ("UK
MAR").
For the purposes of UK MAR and
Article 2 of the binding technical standards published by the
Financial Conduct Authority in relation to UK MAR as regards
Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Davina Walter, Chairman, on behalf of the
Company.
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