THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION FOR WHICH THE SAME COULD BE UNLAWFUL.
11 March 2024
ABRDN CHINA INVESTMENT COMPANY LIMITED
LEI: 213800RIA1NX8DP4P938
Result of First General Meeting
At the Extraordinary General Meeting of abrdn China Investment Company Limited (the "Company") held earlier today in connection with the proposals for a combination of the assets of the Company with Fidelity China Special Situations PLC ("FCSS") to be effected by way of a Guernsey scheme of reconstruction and winding up of the Company (the "Scheme"), the Resolutions set out in the notice of the First General Meeting sent to Shareholders dated 16 February 2024 (the "Notice") were duly passed.
Details of the proxy voting results which should be read alongside the Notice are noted below and will also be published on the Company's website: www.abrdnchina.co.uk.
|
| For (inc Discretionary) | Against | Total | ||
| Special Resolutions | Votes | % | Votes | % |
|
| (1) THAT with effect from the date of the amendment to the Official List of the FCA to reflect the reclassification of the ordinary shares of £0.01 each in the capital of the Company, each of the Shares in issue at the date of the passing of this resolution shall be reclassified as shares the holder of which has (or is deemed to have) elected to have reclassified as Shares with "A" rights or "B" rights as further provided for in the Resolutions, and subject to the fulfilment of certain conditions, the Articles of Incorporation of the Company are amended as further provided for in the Resolutions. | 26,521,175 | 99.98 | 4,858 | 0.02 | 26,526,033 |
| (2) THAT, subject to: (i) the passing of Resolution 1 above and Resolution 1 becoming unconditional; (ii) the Scheme becoming unconditional in accordance with its terms; and (iii) the passing at a general meeting of the Company convened for 13 March 2024 (or any adjournment thereof) of a resolution for the voluntary winding-up of the Company and the appointment of the Liquidators, the Scheme as set out in Part 4 of the Circular is approved and the liquidators of the Company when appointed (jointly and severally the "Liquidators") are authorised to implement the Scheme and to execute any document and do anything for the purpose of carrying the Scheme into effect. The Liquidators, when appointed, are authorised and directed to enter into and give effect to the Transfer Agreement and to carry out the actions as further provided for in the Resolutions, and the Articles are amended, as further provided for in the Resolutions. | 26,521,175 | 99.98 | 4,858 | 0.02 | 26,526,033 |
Note - A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.
The full text of the Resolutions can be found in the notice of the First General Meeting contained in the circular to Shareholders dated 16 February 2024 (the "Circular"). The Circular is available for viewing at the National Storage Mechanism which can be located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and on the Company's website at https://www. https://www.abrdnchina.co.uk.
Defined terms used in this announcement have the meanings given in the Circular unless the context otherwise requires.
The person responsible for arranging the release of this announcement is abrdn Holdings Limited, Company Secretary.
ENQUIRIES
| abrdn Holdings Limited, Company Secretary | +44 131 372 9375 |
| Link Registrars, Receiving Agent | +44 371 664 0321 |
| Shore Capital, Financial Adviser and Broker | +44 20 7408 4090 |
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