27 May 2020 16:30
Aberdeen Emerging Markets Investment Company Limited
("AEMC" or the "Company")
LEI: 213800RIA1NX8DP4P938
27 May 2020
Announcement regarding shares in public hands
The Board of AEMC announced on 2 September 2019 that the FCA had agreed to modify the relevant Listing Rule for the period up until 21 August 2020 to permit a reduced level of shares in public hands, even though the level was below the minimum 25% threshold normally permitted. Significant efforts have subsequently been made by the Company and its advisers to build an increase in the shares in public hands but these efforts have been hindered by the emergence of the current COVID-19 crisis. Accordingly, the Company has sought and received the agreement of the FCA to extend the period of the Listing Rule modification to 21 August 2021. During this time the Company will continue to monitor its share register, which currently shows a free float of approximately 17%, keep the FCA informed of any relevant developments and work towards restoring the number of shares in public hands.
Enquiries:
Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Emerging Markets Investment Company Limited)
William Hemmings
Tel: +44 (0)207 463 6223
Luke Mason
Tel +44 (0)207 463 5971
PraxisIFM Fund Services (UK) Limited (UK Administration Agent)
Brian Smith
Tel: +44 (0)20 7653 9690