Slaughter and May is advising Aberdeen Asset Management - proposed issuance of a new class of non-voting preference shares to MUTB

Slaughter and May is advising Aberdeen Asset Management plc (Aberdeen) on its proposed issuance of a new class of non-voting preference shares to Mitsubishi UFJ Trust and Banking Corporation (MUTB) for an aggregate subscription amount of £100 million.

The issue of the non-voting preference shares to MUTB will enable Aberdeen to provide additional seed capital (either directly or through its affiliates) for the purpose of launching such new funds as may be thought appropriate to meet customer needs and with a view to generating organic growth in those funds over time. In addition, the non-voting preference shares will count towards Aberdeen's Additional Tier 1 Capital.