TIDMABD

RNS Number : 3121R

FTSE Russell

25 October 2023

ABRDN New Dawn Investment Trust (UK): Scheme of Reconstruction with Asia Dragon Trust (UK)

Informative Notice

25 October 2023

 
 FTSE Russell notes the proposed Scheme of Reconstruction and voluntary winding up of ABRDN 
  New Dawn Investment Trust (UK, BBM56V2, FTSE SmallCap Index) whereby shareholders will receive 
  shares in Asia Dragon Trust (UK, 0294502, FTSE SmallCap Index) or can elect to receive a cash 
  option in exchange for their current holdings. 
 
  Following shareholder approval and based on the current timetable, FTSE Russell anticipates 
  the following treatment: 
 
  Wednesday 08 November 2023: 
 
  Expected announcement of the election results and terms. 
 
  FTSE Russell expects to announce confirmed index changes, subject to the timely announcement 
  of the election results and terms. 
 
  Please note: ABRDN New Dawn Investment Trust is expected to suspend prior to index implementation. 
  In the absence of an active market, the close price will be updated to reflect the default 
  option of stock terms in Asia Dragon Trust until it is removed. 
 
  Monday 13 October 2023 (at the earliest, assuming two days' notice subsequent to disclosure 
  of election results and stock terms): 
 
  ABRDN New Dawn Investment Trust will be deleted from FTSE Russell Indices. 
 
  Asia Dragon Trust will remain within its existing indices with shares increased in accordance 
  with the election results and stock terms. 
 
  FTSE Russell will issue further notices confirming index treatment in due course. 
 
 
 
 
 
 For further information please contact FTSE Russell Client Services at info@ftserussell.com 
                                           or call: 
                               Australia     +61 (0) 2 7228 5659 
                                 Hong Kong     +852 2164 3333 
                                 Japan         +81 3 6441 1430 
                              London        +44 (0) 20 7866 1810 
                                 New York      +1877 503 6437 
 
               Alternatively please visit our website at lseg.com/ftse-russell 
 
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END

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October 25, 2023 13:00 ET (17:00 GMT)

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