Abrdn to delay shareholder vote after running out of paper

Fund manager Abrdn will delay a shareholder vote on its takeover of stock-trading platform Interactive Investor after running out of paper. 

Under City rules, the FTSE 100 firm needs to send paper versions of relevant documents to shareholders before a planned vote on the £1.5billion merger. 

However, with over 1m retail investors, Abrdn has run short due to a global supply chain crunch. 

The group had hoped to give shareholders a say on the deal ahead of its annual results early next month. 

But now the vote will not happen until around two weeks after, Sky News reported yesterday.