ABERDEEN NEW THAI INVESTMENT TRUST PLC
Proposed Bonus Issue of Subscription Shares
21 September 2009
The Board of Aberdeen New Thai Investment Trust plc (the "Company") announces that it is considering proposals for a bonus issue of subscription shares to ordinary shareholders on the basis of one subscription share for every five ordinary shares held.
Subscription shares have similar characteristics to warrants in that they carry the right (but not the obligation) to convert into ordinary shares during a pre-determined future period at a pre-determined price. Subscription shares are also qualifying investments for the purposes of the stocks and shares component of an ISA and permitted investments for the purposes of a SIPP.
The Board believes that a bonus issue of subscription shares will be advantageous to shareholders since it will provide them with additional tradable securities and permit them to further participate in any future asset growth of the Company by subscribing for ordinary shares. In addition, the issue may broaden the shareholder base of the Company as the subscription shares are expected to disperse in the market, thus attracting new investors. Accordingly, shareholders may benefit from a higher aggregate market value for their investment in the Company than would otherwise be the case.
Subscription shares converted into ordinary shares will increase the capital base of the Company, allowing operating costs to be spread across a larger number of ordinary shares and the total expense ratio to fall. Increasing the number of ordinary shares in issue may also improve the future liquidity in the market of the ordinary shares.
A further announcement will be made in due course.
For further information please contact:
Aberdeen New Thai Investment Trust plc
Gary Jones 020 7463 6000
Stuart Reid 0131 528 4000
Website: www.newthai-trust.co.uk
Collins Stewart
Andrew Zychowski 020 7523 8000
Robbie Robertson
Lucy Lewis
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