29th Jul 2005 15:17
Aberdeen Asset Management PLC29 July 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO ORFROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND, SOUTH AFRICA ORTHE REPUBLIC OF IRELAND Aberdeen Asset Management PLC and Aberdeen Warrants (Jersey) Limited -Announcements in respect of Units Aberdeen Asset Management PLC (the "Company") and Aberdeen Warrants (Jersey)Limited ("JerseyCo") announce that, in connection with their issue ofConvertible Preference Share Units (the "Units") comprised of Preference Sharesand Warrants on 30 June 2005, the Exchange Price of the Warrants shall beadjusted as a result of the Rights Issue announced by the Company on 7 July2005. The new Exchange Price, which shall become effective on the first date onwhich the Company's Ordinary Shares trade ex-rights, will be 99.35 pence perOrdinary Share. Following the issue of Ordinary Shares pursuant to the Rights Issue (which isexpected to take place at the end of August 2005), the maximum number ofOrdinary Shares underlying the Warrants will be less than 20 per cent. of theissued ordinary share capital of the Company. Accordingly, the provisions in theterms and conditions of the Warrants relating to Warrant Rights will thereafterapply such that the Warrant Rights may be exercised in full on the exercise datethereof. In relation to the Preference Shares, the Company has agreed with JPMorganCazenove Limited and J.P. Morgan Securities Ltd. that, for so long as any of theWarrants are outstanding, and save to the extent sanctioned by an ExtraordinaryResolution of the Warrantholders, it will not exercise its right of redemptionin respect of the Preference Shares prior to 30 June 2012. Capitalised terms used in this announcement bear the same meanings as thoseascribed to them in the terms and conditions of the Warrants set out in theprospectus issued by the Company and JerseyCo on 3 June 2005. For further information, please contact: MaitlandFiona Piper 020 7379 5151 JPMorgan Cazenove 020 7588 2828John PaynterIan HannamRichard LockeJames Wood-Collins This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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