Asia Dragon Trust PLC Strategic Review Announcement
21 5월 2024 - 3:00PM
RNS Regulatory News
RNS Number : 1821P
Asia Dragon Trust PLC
21 May 2024
21 May 2024
Asia Dragon Trust plc
Legal Entity
Identifier (LEI): 549300W4KB0D75D1N730
Strategic Review
The Board of Asia Dragon Trust plc (the
"Company") today announces
a full strategic review of the future of the Company, including the
ongoing investment management arrangements.
Background to
the strategic review
In July 2023, the Company announced a proposed
combination (the "Combination") with abrdn New Dawn
Investment Trust plc to create an enlarged company with greater
secondary market liquidity, lower management fees and lower ongoing
charges. The Company amended its investment policy to allow for
investment into Australasia to provide greater geographic
flexibility. The Combination completed in November 2023.
The Board stated in the Company's prospectus
relating to the Combination that it would continue to monitor
performance, in particular in order to understand the drivers
behind relative performance of the Company and actions being taken
by the Company's investment manager, abrdn Fund Managers Limited,
in the light of such performance. That included monitoring the
discount at which the shares of the Company trade to its net asset
value. In connection with this exercise, and further to the
Company's announcement on 7 May 2024, the Board believes it is now
appropriate to undertake a full strategic review of the future of
the Company, including the ongoing investment management
arrangements.
The Board has appointed Stanhope Consulting to
assist in its strategic review. The Board will be interested to
consider proposals from established fund management groups with
experience of managing equity strategies similar to that currently
pursued by the Company. Any such proposals will be considered
alongside the current management arrangements. Interested parties are invited to contact Stanhope Consulting
on the contact details below.
There is no certainty that any changes will
result from the strategic review. The Board will make further
announcements in due course.
Enquiries:
Asia Dragon
Trust plc
James Will (Chairman)
|
Via FTI Consulting
|
Winterflood
Investment Trusts
Neil Langford
|
+44 (0)20 3100 0000
|
Stanhope
Consulting LLP
|
cfranklin@stanhopecapital.com
|
FTI
Consulting
Ed Berry
Tom O'Brien
|
+44 (0)7703 330 199
+44 (0)7746 816 032
|
Important
Information
This announcement contains information that is
inside information for the purposes of the Market Abuse Regulation
(EU) No 596/2014 as implemented in the UK. The person responsible
for arranging for the release of this announcement on behalf of the
Company is James Will, Chairman.
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END
MSCBIGDUDBDDGSG
Asia Dragon (LSE:DGN)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Asia Dragon (LSE:DGN)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024