AFMC Aberdeen Frontier Markets Investment Company Limited

TIDMAFMC

RNS Number : 4557R

Aberdeen Frontier Mkts Inv Co Ltd

09 December 2016

Aberdeen Frontier Markets Investment Company Limited

Termination of tender offer

9 December 2016

Further to the publication on 11 November 2016 of a circular (the "Circular") in connection with a Tender Offer to purchase up to 100 per cent. of the Ordinary Shares in issue the Board of Aberdeen Frontier Markets Investment Company Limited (the "Company") announces that the number of Ordinary Shares tendered is such that the Board is of the view that the continuance of the Company as currently constituted is not in the best interests of the continuing Shareholders, and accordingly it has exercised the right, as set out in the Circular, to terminate the Tender Offer. The Tender Offer will therefore not proceed and instead the Company will put forward alternative proposals to the Shareholders.

The Company is in receipt of a detailed proposal from Aberdeen Fund Managers Limited regarding the future of the Company which would include a cash exit opportunity and it expects to consult with shareholders shortly.

All documents lodged pursuant to the Tender Offer will be returned or sent promptly by post, within 14 Business Days of this announcement, to the person or agent whose name and address is set out on Tender Form or, if none is set out, to the Tendering Shareholder or, in the case of joint holders, the first named at his or her registered address as shown on the Tender Form. In the case of Ordinary Shares held in uncertificated form, Capita Asset Services, in its capacity as the escrow agent will, within 14 Business Days of this announcement, give instructions to CREST to transfer all Ordinary Shares held in escrow balances and in relation to which it is the escrow agent for the purposes of the Tender Offer by TFE Instruction to the original available balances from which those Ordinary Shares came.

In respect of the Extraordinary General Meeting to be held at 11 New Street, St Peter Port, Guernsey GY1 2PF on 12 December 2016 at 3.30pm the Chairman will propose a resolution that the meeting is adjourned indefinitely.

Terms used and not defined in this announcement shall have the meaning given to them in the Circular.

Enquiries:

Aberdeen Fund Managers Limited

(Manager to Aberdeen Frontier Markets Investment Company Limited)

William Hemmings / Gary Jones

Tel: +44 (0)20 7463 6223

Grant Thornton UK LLP

(Nominated Adviser)

Philip Secrett

Tel: +44 (0)20 7383 5100

Numis Securities Limited

(Nominated Broker)

David Benda/Hugh Jonathan

Tel: +44 (0)20 7260 1275/1263

This information is provided by RNS

The company news service from the London Stock Exchange

END

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