Aberdeen Global Funds - Fundsupermart.com
Aberdeen Global Funds - Fundsupermart.com
Aberdeen Global Funds - Fundsupermart.com
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Appendix C - General Information<br />
1. Incorporation<br />
<strong>Aberdeen</strong> <strong>Global</strong> was incorporated as a société anonyme, qualifying as an open-ended société d’investissement à capital variable on<br />
25 February 1988 for an unlimited period and <strong>com</strong>menced operations on 26 April 1988. It is registered under Number B 27471 at<br />
the Register of Commerce and Companies of Luxembourg where its Articles of Incorporation are available for inspection and where<br />
copies thereof may be obtained. The name was changed from The Aetna International Umbrella Fund to <strong>Aberdeen</strong> <strong>Global</strong> on 1<br />
January 1999.<br />
<strong>Aberdeen</strong> <strong>Global</strong>’s Articles of Incorporation were amended on 21 March 1988, 19 December 1988, 12 October 1989, 9 April 1991,<br />
16 April 1993, 2 January 1996, 28 December 1998 and 23 January 2006, as published in the Luxembourg Mémorial on 8 April 1988,<br />
14 April 1989, 5 December 1989, 31May 1991, 1 June 1993, 30 January 1996, 25 February 1999, 10 September 2001 and 17<br />
February 2006.<br />
2. Capital<br />
The Share capital of <strong>Aberdeen</strong> <strong>Global</strong> is represented by fully paid Shares of no par value and is at any time equal to their aggregate<br />
Net Asset Value. Any variation of <strong>Aberdeen</strong> <strong>Global</strong>’s capital may be made by the Board of Directors of <strong>Aberdeen</strong> <strong>Global</strong> and has<br />
immediate effect.<br />
<strong>Aberdeen</strong> <strong>Global</strong>’s legal minimum capital is the equivalent in US Dollars of the minimum provided for by the Law of 2002.<br />
3. Registered Office<br />
<strong>Aberdeen</strong> <strong>Global</strong>’s registered office is 49 Avenue J. F. Kennedy, L-1855 Luxembourg, Grand Duchy of Luxembourg .<br />
The register of shareholders will be kept at the registered office.<br />
4. Allocation of Assets & Liabilities<br />
The Directors reserve the right to add further <strong>Funds</strong> and in certain circumstances to discontinue existing <strong>Funds</strong>.<br />
<strong>Aberdeen</strong> <strong>Global</strong> is a single legal entity. Pursuant to Article 133 of the Law of 2002, the assets of a Fund are exclusively available to<br />
satisfy the rights of investors in relation to that Fund and the rights of creditors whose claims have arisen in connection with the<br />
creation, the operation or the liquidation of that Fund.<br />
For the purpose of the relations as between investors, each Fund will be deemed to be a separate entity.<br />
5. Shares<br />
(a) Allotment<br />
The Directors are authorised without limitation to allot and issue Shares at any time at the relevant Share Price determined<br />
in accordance with the Articles of Incorporation and the provisions of this Summary Prospectus and may delegate such<br />
authority to the Administrator and/or Transfer Agent.<br />
(b) Voting<br />
At General Meetings each shareholder has the right to one vote for each whole Share held.<br />
A holder of Shares relating to any particular Fund or Class will be entitled at any separate General Meeting of the holders of<br />
Shares relating to that Fund or Class to one vote for each whole Share relating to that Fund or Class of which he is the<br />
holder.<br />
(c)<br />
Joint Holders<br />
<strong>Aberdeen</strong> <strong>Global</strong> will register Shares jointly in the names of not more than four holders should they so require. In such case<br />
the rights attaching to such a Share must be exercised jointly by all those parties unless they appoint in writing one person to<br />
do so.<br />
(d) Rights on a Winding-up<br />
(i) On a winding-up, assets available for distribution amongst the shareholders shall be applied first in the payment to the<br />
holders of Shares of the relevant Fund and Class of any balance remaining in the relevant portfolio of assets in<br />
proportion to the number of Shares of that Class of such Fund, and secondly in the payment to the holders of Shares of<br />
any balance then remaining and not <strong>com</strong>prised in any of the <strong>Funds</strong>, such balance being apportioned as between the<br />
<strong>Funds</strong> pro rata to the Net Asset Value of each Fund immediately prior to any distribution to shareholders on a<br />
winding-up. Payment of amounts so apportioned will be made to the holders of Shares in the relevant Class of each<br />
Fund in proportion to the number of such Shares held. Monies to which shareholders are entitled will, unless claimed<br />
prior to the close of the winding-up, be deposited at the Caisse de Consignation in Luxembourg to be held on their<br />
behalf. With the consent of shareholders expressed in accordance with Luxembourg law, the liquidators may transfer<br />
all assets and liabilities of <strong>Aberdeen</strong> <strong>Global</strong> to a Luxembourg undertaking for collective investment in transferable<br />
securities against the issue to shareholders of Shares or certificates of such entity proportionate to their shareholdings<br />
in <strong>Aberdeen</strong> <strong>Global</strong>.<br />
36