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An update from abrdn European Logistics Income PLC ( (GB:ASLI) ) is now available.
abrdn European Logistics Income PLC announced the apportionment ratio for its B Share Scheme, following shareholder approval to return approximately £16.5 million via B Shares. The B Shares, issued on a 4-for-1 basis, were immediately redeemed at their nominal value, with proceeds distributed to shareholders. This reorganization of share capital impacts the taxation treatment of shareholders’ holdings, with specific implications for capital gains tax. The B Shares’ market value was assessed as their nominal value, affecting the apportionment of the aggregate base cost between B Shares and Ordinary shares.
More about abrdn European Logistics Income PLC
abrdn European Logistics Income PLC operates in the logistics and real estate investment sector, focusing on acquiring and managing a diversified portfolio of logistics properties across Europe. The company aims to provide shareholders with a regular and attractive level of income and capital growth through its strategic investments in logistics facilities.
YTD Price Performance: 5.20%
Average Trading Volume: 904,831
Technical Sentiment Signal: Sell
Current Market Cap: £235.8M
See more insights into ASLI stock on TipRanks’ Stock Analysis page.