New share issue
Result of Placing, Open Offer and Offer for Subscription
On 26 July the Board of Aberdeen Standard European Logistics Income PLC announced that the Company had raised gross proceeds of approximately £46.4m (equivalent to approximately €51.8m at the prevailing exchange rate) through its equity fundraising by way of a placing, open offer and offer for subscription (the “Issue”).
Applications were received under the Issue for 47,000,000 Ordinary Shares, which will be issued at a price of 98.75 pence per Ordinary Share.
Applications have been made for admission of the Ordinary Shares to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange plc's Main Market for listed securities. Admission is expected to take place, and dealings in the new Ordinary Shares are expected to commence, at 8.00 a.m. on 31 July 2019.
Following the issue of the new Ordinary Shares on 31 July 2019, the total number of voting rights in the Company will be 234,500,001.