9 Sep 2021 12:04
Aberdeen Emerging Markets Investment Company Limited
("AEMC" or the "Company")
LEI: 213800RIA1NX8DP4P938
9 September 2021
Update regarding shares in public hands
As part of the preparations being made to implement the Proposals announced on 30 July 2021, the Company has been liaising with the FCA in relation to the Company's free float. The Board is pleased to announce that the FCA has agreed to modify the relevant Listing Rule to continue to permit a reduced level of shares in public hands. The modification is for an initial period to 6 March 2022. Subsequent to the implementation of the Proposals, which should of themselves see an improvement in the level of free float towards the usual minimum level of 25%, and prior to 6 March 2022, further discussions will be held with the FCA to discuss the basis of any further grant of modification as the Company is marketed in its new role as an All China investment company. In the meantime, the Company will continue to monitor its share register, which currently shows a free float of approximately 16.4%, keep the FCA informed of any relevant developments and work towards enlarging 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
Shore Capital (Corporate Broker)
Robert Finlay/Rose Ramsden
Tel: + (0)20 7408 4090
PraxisIFM Fund Services (UK) Limited (UK Administration Agent)
Brian Smith
Tel: +44 (0)20 7653 9690