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Aberdeen Asia Focus Investment Trust (AASC) 2.25% Convertible Unsecured Loan Stock

Sell:106.00p Buy:110.00p Change: No change
Market closed |  Prices as at close on 26 January 2022 | Switch to live prices |
Conversion

Aberdeen Asia Focus Investment Trust 2.25% Convertible Unsecured Loan Stock

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

The Company has recently announced details of an opportunity to convert the 2.25% Convertible Unsecured Loan Stock (CULS) into Aberdeen Asia Focus Investment Trust plc Ordinary Shares. The conversion price, as set in May 2019, is GBP14.65. As each unit of Loan Stock has a nominal value of 100p you would receive 0.06825938 of an Ordinary Share for each unit of Loan Stock converted. 

 

Please note that Aberdeen Asia Focus Investment Trust plc Ordinary Shares are currently quoted at GBP14.50 in the market and the CULS are currently quoted at 107p. By way of example, a holder of 100 units of CULS, with a current market value of £107 could convert into 7 Ordinary Shares with a current market value of £101.50. Future income would then be dependent on any dividends paid on the Ordinary Shares instead of the interest payable on the CULS. 

 

Any instruction to Convert your CULS into Aberdeen Asia Focus Investment Trust plc Ordinary Shares at GBP14.65 per Share must be received by our deadline of noon on Monday 29 November 2021. If no instruction is received by this time your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:106.00p
Buy:110.00p
Change: No change
Market closed |  Prices as at close on 26 January 2022 | Switch to live prices |
Conversion

Aberdeen Asia Focus Investment Trust 2.25% Convertible Unsecured Loan Stock

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

The Company has recently announced details of an opportunity to convert the 2.25% Convertible Unsecured Loan Stock (CULS) into Aberdeen Asia Focus Investment Trust plc Ordinary Shares. The conversion price, as set in May 2019, is GBP14.65. As each unit of Loan Stock has a nominal value of 100p you would receive 0.06825938 of an Ordinary Share for each unit of Loan Stock converted. 

 

Please note that Aberdeen Asia Focus Investment Trust plc Ordinary Shares are currently quoted at GBP14.50 in the market and the CULS are currently quoted at 107p. By way of example, a holder of 100 units of CULS, with a current market value of £107 could convert into 7 Ordinary Shares with a current market value of £101.50. Future income would then be dependent on any dividends paid on the Ordinary Shares instead of the interest payable on the CULS. 

 

Any instruction to Convert your CULS into Aberdeen Asia Focus Investment Trust plc Ordinary Shares at GBP14.65 per Share must be received by our deadline of noon on Monday 29 November 2021. If no instruction is received by this time your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:106.00p
Buy:110.00p
Change: No change
Market closed |  Prices as at close on 26 January 2022 | Switch to live prices |
Conversion

Aberdeen Asia Focus Investment Trust 2.25% Convertible Unsecured Loan Stock

Type:
Conversion
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 15 Nov 2021)

What is happening?

 

The Company has recently announced details of an opportunity to convert the 2.25% Convertible Unsecured Loan Stock (CULS) into Aberdeen Asia Focus Investment Trust plc Ordinary Shares. The conversion price, as set in May 2019, is GBP14.65. As each unit of Loan Stock has a nominal value of 100p you would receive 0.06825938 of an Ordinary Share for each unit of Loan Stock converted. 

 

Please note that Aberdeen Asia Focus Investment Trust plc Ordinary Shares are currently quoted at GBP14.50 in the market and the CULS are currently quoted at 107p. By way of example, a holder of 100 units of CULS, with a current market value of £107 could convert into 7 Ordinary Shares with a current market value of £101.50. Future income would then be dependent on any dividends paid on the Ordinary Shares instead of the interest payable on the CULS. 

 

Any instruction to Convert your CULS into Aberdeen Asia Focus Investment Trust plc Ordinary Shares at GBP14.65 per Share must be received by our deadline of noon on Monday 29 November 2021. If no instruction is received by this time your holding will remain unchanged.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown Clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
108.00p
Trade high:
n/a
Year high:
108.50p
Modified duration:
n/a
Previous close:
108.00p
Trade low:
n/a
Year low:
98.00p
Running yield:
2.083%
Previous:
0.25p (0.23%)
Previous:
0.25p
Volume:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.