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Notice of Redemption of 6.25% Bonds due 2031
RNS Number : 1422G
abrdn Diversified Income and Growth
08 March 2024
 

abrDn diversified income and growth PLC

Legal Entity Identifier (LEI):  2138003QINEGCHYGW702

8 march 2024

Notice to BONDholders

ISIN XS0134340180

Bond Redemption

The Board of abrdn Diversified Income and Growth plc (the "Company") hereby announces to holders of its outstanding £16.096 million 6.25 per cent Bonds due 2031, ISIN XS0134340180, (the "Bonds") that it intends to redeem all of the outstanding Bonds pursuant to condition 7(b).

The Bonds are to be redeemed on 9 April 2024. The redemption price will be 114.983%. The redemption price has been calculated in accordance with the conditions, using the gross redemption yield of the United Kingdom 6% Treasury Stock due 7 December 2028 at 3.00 p.m. on 6 March 2024. The Company will also pay the accrued but unpaid interest on the Bonds up to and including the date of redemption which the Company confirms to be £79,707 in the aggregate. Pursuant to condition 7(d) (Redemption and Purchase), all Bonds which have been redeemed will be cancelled.

Contact details

For further information please contact:

abrdn Holdings Limited, Secretaries

Email: [email protected]

This announcement is released by the Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014, as it forms part of English law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR").

 

For the purposes of UK MAR and Article 2 of the binding technical standards published by the Financial Conduct Authority in relation to UK MAR as regards Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Davina Walter, Chairman, on behalf of the Company.

 

 

 

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