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Shires Income plc (SHRS) Ordinary 50p Shares

Sell:302.00p Buy:302.00p 0 Change: No change
FTSE All Share:0.43%
Market closed |  Prices as at close on 13 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Shires Income plc Ordinary 50p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Feb 2026)

The board of Shires Income plc (SHRS) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of SHRS shares have been offered Aberdeen Equity Income Trust plc (AEI) shares in place of their holding. If you do not want to receive AEI shares, you have the option to elect to receive cash instead.


You have two options to consider before our deadline of noon on Friday 6 March 2026.

What are my options?

Option 1 - Rollover into Aberdeen Equity Income Trust plc (DEFAULT). You can rollover your holding and receive AEI shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option.  As an alternative to AEI shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 25% of the company’s issued share capital, meaning if you elect to receive cash for more than 25% of your shares, your election may be scaled back and you may receive the default terms (AEI for some of your shares) instead.

Electing for cash – Act by noon on Friday 6 March 2026

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

×
Sell:302.00p
Buy:302.00p
Change: No change
Deal now Deal for just £6.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 13 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Shires Income plc Ordinary 50p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Feb 2026)

The board of Shires Income plc (SHRS) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of SHRS shares have been offered Aberdeen Equity Income Trust plc (AEI) shares in place of their holding. If you do not want to receive AEI shares, you have the option to elect to receive cash instead.


You have two options to consider before our deadline of noon on Friday 6 March 2026.

What are my options?

Option 1 - Rollover into Aberdeen Equity Income Trust plc (DEFAULT). You can rollover your holding and receive AEI shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option.  As an alternative to AEI shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 25% of the company’s issued share capital, meaning if you elect to receive cash for more than 25% of your shares, your election may be scaled back and you may receive the default terms (AEI for some of your shares) instead.

Electing for cash – Act by noon on Friday 6 March 2026

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

×
Sell:302.00p
Buy:302.00p
Change: No change
Market closed |  Prices as at close on 13 March 2026 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Shires Income plc Ordinary 50p Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Shares due
Details (last updated 19 Feb 2026)

The board of Shires Income plc (SHRS) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of SHRS shares have been offered Aberdeen Equity Income Trust plc (AEI) shares in place of their holding. If you do not want to receive AEI shares, you have the option to elect to receive cash instead.


You have two options to consider before our deadline of noon on Friday 6 March 2026.

What are my options?

Option 1 - Rollover into Aberdeen Equity Income Trust plc (DEFAULT). You can rollover your holding and receive AEI shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option.  As an alternative to AEI shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 25% of the company’s issued share capital, meaning if you elect to receive cash for more than 25% of your shares, your election may be scaled back and you may receive the default terms (AEI for some of your shares) instead.

Electing for cash – Act by noon on Friday 6 March 2026

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

×
Deal now Deal for just £6.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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.

Objective

The investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital from a diversified portfolio substantially invested in UK equities but also in preference shares, convertibles and fixed income securities
Security Weight
Ecclesiastical Ins Office 8.625% Non-Cum 5.55%
Nati 10.25% 49 Gbp 5.20%
Santander UK Plc 10 3/8% Non Cum Stlg Pre 4.18%
Shell plc Ordinary EUR0.07 3.64%
Morgan Sindall Group plc Ordinary 5p 3.60%
AstraZeneca plc ORD USD0.25 3.35%
HSBC Holdings plc Ordinary USD0.50 3.29%
Chesnara plc Ordinary 5p 3.28%
Standard Chartered 8.25% Non Cum Ird Pref 2.97%
Balfour Beatty plc Ordinary 50p 2.81%
Sector Weight
Financial Services 27.07%
Industrials 13.75%
Energy 12.30%
Utilities 8.94%
Consumer Cyclical 7.54%
Real Estate 6.15%
Basic Materials 5.91%
Consumer Defensive 5.78%
Healthcare 3.35%
Communication Services 2.43%
Country Weight
United Kingdom 91.42%
United States 4.21%
Germany 2.56%
Italy 1.77%
France 0.89%
Ireland 0.59%
Canada 0.02%
Australia 0.02%

Fee Structure

Management fee is 0.45% p.a. up to GBP100m and 0.40% p.a. over GBP100m of the net assets, calculated monthly and paid quarterly. Contract is terminable on notice period of six months.

Dividend Policy

The Company aims for a high and growing dividend level. Dividends are payable quarterly in October, January, April and July.

ASSET SPLIT

Total number of holdings: 75.

Trust Manager

Iain Pyle

Manager Bio

Not currently available for this investment trust.

Board Of Directors

Robin ArchibaldChairman, Simon White, Helen Sinclair, Jane Pearce

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

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'.