27 Jul 2020 16:15
27 July 2020
Aberdeen Emerging Markets Investment Company Limited (the "Company")
LEI: 213800RIA1NX8DP4P938
Net Gearing Ratio and Free Float Update
1. Net Gearing Ratio
The Company announces the following indicative net gearing ratio as at close of business on 24 July 2020, calculated in accordance with the recommendations of the Association of Investment Companies.
Net Gearing | 2.9% |
Note
Financial assets have been valued on a fair value basis using bid prices or, if more appropriate, a last trade basis and debt (net of cash held) is valued at par. In addition, investments in underlying funds are valued using values (whether final or estimated) as advised by their managers or administrators. The Company has therefore relied on the valuation and reporting methods used by the managers or administrators of the underlying funds.
2. Free Float Update
In addition, and further to the announcement on 27th May 2020 concerning shares in public hands, the free float of the Company is presently approximately 15.8%. The Board and its advisers continue to 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
Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds
Note: The content of any website or pages which may be accessed through the above hyperlinks, other than the content of the document referred to above, is neither incorporated into nor forms part of the above announcement.