25th Jul 2023 11:25
abrdn Diversified Income and Growth PLC - Edinburgh-based investor across asset classes - Receives a number of "credible, attractive and varied proposals" for actions to enhance shareholder value, following the announcement of a strategic review process last month. The strategic review was launched in light of the "material discount" of its shares to its net share value. Says the board is exploring how the proposals could best deliver for shareholders. abrdn Diversified says it is engaged in productive discussions with a shortlist of parties and will provide an update in due course. The board has suspended the company's investment-led share buyback program, subject to the outcome of the strategic review.
Chair Davina Walter said: "We have been impressed with the proposals we have received, which present the board with various options for enhancing shareholder value. We are undertaking a detailed review of these options and are looking forward to updating shareholders in due course on our progress."
Current market price: 83.83 pence, up 3.5%
12-month change: down 14%
By Will Neill, Alliance News reporter
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