Asia Dragon Trust PLC Response to AWEM Announcement
07 May 2024 - 6:09PM
RNS Regulatory News
RNS Number : 4057N
Asia Dragon Trust PLC
07 May 2024
7 May 2024
Asia Dragon Trust plc
Response to AWEM
Announcement
The Board of Asia Dragon Trust plc
("DGN" or the "Company") notes the announcement this
morning by Ashoka WhiteOak Emerging Markets Trust plc
("AWEM") regarding a
proposal for the combination of the assets of DGN and AWEM by way
of a scheme of reconstruction of DGN pursuant to section 110 of the
Insolvency Act 1986 and a rollover of its assets into AWEM (the
"AWEM
Proposals").
The Board confirms that it has received an
approach from AWEM and urges shareholders to take no action at this
time in relation to the AWEM Proposals.
The Company will make a further announcement in
due course.
For further information:
abrdn Holdings
Limited
Charles Mearns (Company Secretary)
|
0131 372 9369
|
Winterflood
Investment Trusts
Neil Langford
|
020 3100 0160
|
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