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abrdn plc affiliated investment management entities, specifically Aberdeen Asset Managers Limited, notified a change in major holdings in abrdn Smaller Companies Income Trust plc. On 11 January 2022, Aberdeen Asset Managers Limited's delegated voting rights decreased to 13.902120%, representing 3,073,726 voting rights, from a previous holding of 14.037806%.
| Date | 12 Jan 2022 |
| Time | 17:34:22 |
| Category | Holding(s) in company |
| ID | 2712Y |
abrdn Smaller Companies Income Trust plc ("the Company")
Legal Entity Identifier (LEI): 213800J6D2TVHRGKBG24
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0008063728
Issuer Name
ABRDN SMALLER COMPANIES INCOME TRUST PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Aggregate of abrdn plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios
City of registered office (if applicable)
Edinburgh
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
11-Jan-2022
6. Date on which Issuer notified
12-Jan-2022
7. Total positions of person(s) subject to the notification obligation
|
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
|
Resulting situation on the date on which threshold was crossed or reached |
13.902120 |
0.000000 |
13.902120 |
3,073,726 |
|
Position of previous notification (if applicable) |
N/A |
N/A |
N/A |
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
|
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
|
GB0008063728 |
|
3,073,726 |
|
13.902120 |
|
Sub Total 8.A |
3,073,726 |
13.902120 |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
|
|
|
|
|
|
Sub Total 8.B1 |
|
|
|
|
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
|
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|
|
|
|
|
|
|
Sub Total 8.B2 |
|
|
|
||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
|
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
|
abrdn plc |
|
|
|
|
|
abrdn plc |
Aberdeen Asset Management PLC |
|
|
|
|
abrdn plc |
Aberdeen Asset Managers Limited |
13.902120 |
0.000000 |
13.902120 |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
In reference to Section 9, the shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements where-by the client has delegated the exercise of the voting power to the referenced investment manager.
This disclosure also reflects the fact that the voting rights effectively held indirectly by the underlying intermediate holding company Aberdeen Asset Management PLC ("AAMPLC")and held by the underlying investment management entity Aberdeen Asset Managers Limited ("AAML") decreased below the 14% notifiable threshold due to trading on 11 January 2022. AAMPLC now effectively holds and AAML holds the delegated voting rights to 13.902120% of the shares in abrdn Smaller Companies Income Trust plc. Prior to this crossing, AAMPLC effectively held and AAML held 14.037806% of the delegated voting rights.
12. Date of Completion
12-Jan-2022
13. Place Of Completion
Aberdeen, United Kingdom