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Asia Dragon Trust Plc (DGN) 20p Ordinary Shares

Sell:420.00p Buy:424.00p 0 Change: No change
FTSE 250:0.54%
Market closed |  Prices as at close on 20 January 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Asia Dragon Trust Plc 20p Ordinary Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2025)

What is happening?

 

The board of Asia Dragon Trust Plc is proposing to wind up the company and combine with Invesco Asia Trust to form an enlarged company, to be renamed Invesco Asia Dragon Trust plc. You can take no action in relation to your holding in Asia Dragon Trust plc and receive new shares in the combined company or elect to receive cash in place of your holding.

 

You have two options to consider before our deadline of noon on Tuesday 4 February 2025.

 

What are my options?

 

Option 1 - Rollover into Invesco Asia Trust (DEFAULT). You can rollover your holding into Invesco Asia Trust. This will be renamed Invesco Asia Dragon Trust plc. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the Invesco Asia Dragon Trust plc shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 25% of the shares in issue, so if you elect for cash for more than 25% of your holding you may receive the default terms (Invesco Asia Dragon Trust plc shares) for some of your shares instead.

 

Electing for cash – Act by noon Tuesday 4 February 2025

 

If the proposals are approved, they will become effective on 13 February 2025. The new Invesco Asia Dragon Trust plc shares are due from 14 February 2025 and the cash is due from 27 February 2025.

 

Full details of this event including information on how entitlements under the above 2 options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:420.00p
Buy:424.00p
Change: No change
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 20 January 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Asia Dragon Trust Plc 20p Ordinary Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2025)

What is happening?

 

The board of Asia Dragon Trust Plc is proposing to wind up the company and combine with Invesco Asia Trust to form an enlarged company, to be renamed Invesco Asia Dragon Trust plc. You can take no action in relation to your holding in Asia Dragon Trust plc and receive new shares in the combined company or elect to receive cash in place of your holding.

 

You have two options to consider before our deadline of noon on Tuesday 4 February 2025.

 

What are my options?

 

Option 1 - Rollover into Invesco Asia Trust (DEFAULT). You can rollover your holding into Invesco Asia Trust. This will be renamed Invesco Asia Dragon Trust plc. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the Invesco Asia Dragon Trust plc shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 25% of the shares in issue, so if you elect for cash for more than 25% of your holding you may receive the default terms (Invesco Asia Dragon Trust plc shares) for some of your shares instead.

 

Electing for cash – Act by noon Tuesday 4 February 2025

 

If the proposals are approved, they will become effective on 13 February 2025. The new Invesco Asia Dragon Trust plc shares are due from 14 February 2025 and the cash is due from 27 February 2025.

 

Full details of this event including information on how entitlements under the above 2 options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:420.00p
Buy:424.00p
Change: No change
Market closed |  Prices as at close on 20 January 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend | Scheme of Arrangement

Asia Dragon Trust Plc 20p Ordinary Shares

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 3 Jan 2025)

What is happening?

 

The board of Asia Dragon Trust Plc is proposing to wind up the company and combine with Invesco Asia Trust to form an enlarged company, to be renamed Invesco Asia Dragon Trust plc. You can take no action in relation to your holding in Asia Dragon Trust plc and receive new shares in the combined company or elect to receive cash in place of your holding.

 

You have two options to consider before our deadline of noon on Tuesday 4 February 2025.

 

What are my options?

 

Option 1 - Rollover into Invesco Asia Trust (DEFAULT). You can rollover your holding into Invesco Asia Trust. This will be renamed Invesco Asia Dragon Trust plc. If you would like this option, you do not need to take any action.

 

Option 2 - Cash option. As an alternative to the Invesco Asia Dragon Trust plc shares, you can instead elect to receive cash in place of all or part of your holding. This is subject to an overall limit of 25% of the shares in issue, so if you elect for cash for more than 25% of your holding you may receive the default terms (Invesco Asia Dragon Trust plc shares) for some of your shares instead.

 

Electing for cash – Act by noon Tuesday 4 February 2025

 

If the proposals are approved, they will become effective on 13 February 2025. The new Invesco Asia Dragon Trust plc shares are due from 14 February 2025 and the cash is due from 27 February 2025.

 

Full details of this event including information on how entitlements under the above 2 options will be calculated will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Business summary

Asia Dragon Trust plc is a United Kingdom-based investment trust. The Company’s objective is to achieve long-term capital growth through investment in Asia, with the exception of Japan and Australasia. The Company’s investments are made primarily in stock markets in the region, with the exception of Japan and Australasia, principally in large companies. It invests in various sectors, including semiconductors and semiconductor equipment, technology hardware storage and peripherals, interactive media and services, insurance, banks, beverages, Internet and direct marketing retail, electronic equipment, instruments and components, electric utilities, life sciences tools and services, real estate management and development, food products, construction materials, hotels, information technology (IT) services, restaurants and leisure. The Company's alternative investment fund manager is abrdn Fund Managers Limited.

Important dates

Future events
Interim dividend payment date 05 February 2025 05/02/25
AGM 04 February 2025 04/02/25
Past events
Interim ex-dividend date 16 January 2025 16/01/25
Final dividend payment date 31 December 2024 31/12/24
Final ex-dividend date 05 December 2024 05/12/24
Final results 25 November 2024 25/11/24
Annual report 25 November 2024 25/11/24
Interim results 23 April 2024 23/04/24

General stock information

EPIC:
DGN
ISIN:
GB0002945029
Market cap:
£659.27 million
Shares in issue:
156.23 million
Sector:
Equity Investment Instruments
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
FTSE 250,FTSE 350,FTSE All Share

Contact details

Address:
Investment House, 1 George Street
EDINBURGH
EH2 2LL
United Kingdom
Telephone:
+44 (0131) 5284000
Website:
https://www.asiadragontrust.co.uk/

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.