ABERDEEN ASSET MANAGEMENT- ?Any Future?

The settlement of the splits compensation issue seems to have been favourably
closed for Aberdeen in that whilst the cost comes in at £78m as against market
expectations of £75m it is the small print that makes all the difference.
The bulk of money will be paid out on the Aberdeen Progressive Trust in 2005
and 2006 and has been calculated on the basis of a FTSE index of about 4500.
Aberdeen is to hedge against any material change for the worse.
It seems therefore that the actual cost might be very much less than the estimated worst case and whatever the cost it will be tax deductable !
No doubt the analysts will do the figures tomorrow.