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Aberdeen Asian Smaller considering new CULS issue – The board of Aberdeen Asian Smaller Companies has commissioned its advisers to develop a detailed proposal to the company’s shareholders and CULS holders in relation to restructuring the current CULS.
The proposal is currently being formulated but is expected to include:
The Board currently expects the pricing of the new CULS may be in the following range:
The life of the new CULS is expected to be in the range of 6 – 7 years.
A further announcement is expected to be made in the next two months and, should the Company decide to proceed with the transaction and finalise its terms, the proposals would be put to an EGM with a view to them coming into effect in April / May 2018.
AAS : Aberdeen Asian Smaller considering new CULS issue
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