The Boards of Asia Dragon Trust Plc and Invesco Asia Trust Plc have announced that they have agreed heads of terms in respect of a proposed combination of Asia Dragon and Invesco Asia. The combination is to be effected by way of a Scheme of Reconstruction, resulting in the winding up of Asia Dragon and the transfer of its assets to Invesco Asia, in exchange for the issue of new ordinary shares of Invesco Asia to existing Asia Dragon shareholders.
The proposals are subject to shareholder approval at two General Meetings, to be held on 4th February 2025 and 13th February 2025.
Shareholders have the following options with regards to their holding:
- Elect to receive shares in Invesco Asia Trust (the Rollover Option).
And / or
- Elect to receive cash upon the winding-up of the Company (the Cash Option). Please note that the cash option is subject to an aggregate limit of 25% of Asia Dragon’s share capital, and as such elections may be scaled back.                                                       Â
Shareholders who do not make an election will be deemed to have elected for the Rollover Option in respect of their entire holding.
If you require any further information, you may contact us either by letter, telephone or email as detailed below quoting ‘Asia Dragon’ in the subject box.
Corporate Action Administration
Direct Line – 0161-819-4850 | Email: caisa@pilling.co.uk