31.12.2014 Views

Aberdeen Global Funds - Fundsupermart.com

Aberdeen Global Funds - Fundsupermart.com

Aberdeen Global Funds - Fundsupermart.com

SHOW MORE
SHOW LESS

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!