17th Apr 2009 11:59
ABERDEEN ASSET MANAGEMENT PLC
RESULT OF GENERAL MEETING
Aberdeen Asset Management PLC (the "Company") announces that, at the General Meeting held earlier today, Shareholders approved all resolutions proposed at the meeting including those relating to the proposed acquisition of certain fund management assets and businesses of Credit Suisse (the "Target Business"), the adoption of a new deferred share plan, the amendment of the existing deferred share plan and an increase in the authorised share capital of the Company. All resolutions were supported by over 99% of the 580 million proxy votes cast and fuller details of the proxy voting figures will be placed on the Investor Relations section of the Company's website at:
www.aberdeen-asset.com
Under the terms of the Acquisition Agreement, and subject to all relevant conditions being satisfied, Aberdeen has agreed to acquire the Target Business in two stages. First Closing will be in relation to the Asia Pacific Target Business and is on track to complete on or around 30 April 2009, subject to the satisfaction of certain conditions including the parties obtaining all necessary regulatory and competition consents and authorisations. Final Closing (being the completion of the Rest of the World Target Business) is expected, to take place on or around 30 June 2009. The consideration is payable in two corresponding stages in proportion to the level of run-rate revenues transferring at each stage.
A copy of the resolutions passed at the General Meeting 17 April 2009 has been submitted to the Financial Services Authority and will shortly be available for inspection at the Document Viewing Facility, which is situated at:
UK Listing Authority
The Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
For further information:
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Maitland |
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Neil Bennett |
020 7379 5151 |
Related Shares:
ADN.L