UK: Gowling WLG's Investment Funds Team Acts On Restructuring For Aberdeen Frontier Markets
Last Updated: 29 August 2017

Aberdeen Frontier Markets Investment Company Limited enlisted the help of Gowling WLG's Investment Funds experts to effect a significant restructuring of the £130 million AIM listed company.

The team, led by partner Nick Heather, worked with Aberdeen Frontier Markets to adopt a new investment objective and investment policy and amend its investment management arrangements to include a subscription for ordinary shares by its investment fund manager, Aberdeen Fund Managers Limited (Aberdeen).

The team also worked on a tender offer by Numis Securities, on behalf of Aberdeen, to purchase up to 100% of the ordinary shares in issue.

In order for the restructuring to go ahead, Aberdeen invested £10 million of its own money into Aberdeen Frontier Markets to secure its future as a platform for investment. 

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