18 Jul 2011 16:16
Ashmore Global Opportunities Limited ("AGOL" or the "Company")
Completion of 30 June 2011 Share Conversion and Cancellation of Treasury Shares
18 July 2011
The Company announces that it cancelled 175,000 Euro Treasury shares on 18 July 2011.
Following the publication on 30 June 2011 of the final month-end net asset values for 30 June 2011, the following share conversion ratios have been determined in accordance with the articles of association of the Company for the purposes of the 30 June 2011 share conversion date:
1.40412759 | US Dollar shares for each Euro share |
1.58585163 | US Dollar shares for each Sterling share |
On the basis of aggregate applications received and using the conversion ratios listed above, the following shares will be issued:
- 2,029,696 new US Dollar shares of no par value
and the following shares will be cancelled:
- 817,378 Euro shares of no par value; and
- 556,163 Sterling shares of no par value
all with effect from 19 July 2011.
Application has been made to the Financial Services Authority ("FSA") for the new shares to be admitted to the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange's main market for listed securities.
Admission is expected to occur on 22 July 2011. Shareholder CREST accounts for converting shareholders are expected to be updated by 5.00pm on 20 July 2011.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 3,545,095 Euro Shares
- 309,460 Euro Treasury Shares
- 20,213,415 US Dollar Shares
- 1,415,620 US Dollar Treasury Shares
- 23,178,193 Sterling Shares; and
- 507,923 Sterling Treasury Shares
Number of votes each Share shall be entitled to on a poll at any general meeting of the Company (applying the Weighted Voting Calculation as described in the Prospectus published by the Company on 6 November 2007 (the 'Prospectus')):
US Dollar Shares: 1.0000
Euro Shares: 1.4638
Sterling Shares: 2.0288
The above figures may be used by shareholders as the denominator for the calculations, by which they will determine if they are required to notify their interest in, or a change to, their interest in the Company under the FSA's Disclosure and Transparency Rules.
Enquiries:
www.agol.com
Andrew Maiden (Tel: +44 (0) 1481 745368)
Northern Trust International Fund Administration Services (Guernsey) Limited