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Prospect News home > News index > List of issuers T > Headlines for Tenders 2012 > News item
Published on 5/15/2012 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

Aberdeen Asset Management to redeem preferreds underlying convertibles

By Tali David

Minneapolis, May 15 - Aberdeen Asset Management plc plans to redeem all of its non-cumulative non-voting perpetual preference shares, according to a filing with the London Stock Exchange.

The preferreds will be redeemed at £1,067.50 each on June 30. The price includes accrued dividends.

The preferreds form part of the company's convertible preference share units.

In addition, the warrants that form part of the units will expire on June 30.

Aberdeen Asset Management is an Aberdeen, Scotland-based investment company.


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