27 Mar 2012 15:13
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
ASHMORE GLOBAL OPPORTUNITIES LIMITED (the "Company")
a Guernsey incorporated and registered limited liability closed-ended investment company with a Premium Listing of its Euro, US Dollar and Sterling share classes on the Official List.
CONVERSION TIMETABLE
27 March 2012
Further to the conversion notice announced by the Company on 2 March 2012, the Company has received valid elections for the conversion of, inter alia, Euro shares in respect of the Company's March monthly conversion facility (the "March Conversion"). As a result, the expected conversion timetable for the Euro Conversion (as set out in more detail in the conversion notice dated 2 March 2012) and the March Conversion will be as follows:
Latest time for receipt of conversion notice in relation to March Conversion | 5.00 p.m. on 23 March 2012 |
March Conversion calculation date | 31 March 2012 |
Latest date for T+3 settlement to ensure Euro shares are on the register for Euro Conversion date | 17 April 2012 |
Latest date for cash settlement to ensure Euro shares are on the register for Euro Conversion date | 20 April 2012 |
March Conversion and Euro Conversion date | 23 April 2012 |
Admission to listing of new US Dollar class shares and Sterling class shares | 8.00 a.m. on 23 April 2012 |
Cancellation of listing of Euro share class | 8.00 a.m. on 23 April 2012 |
As announced on 2 March 2012, the Board will no longer accept any conversion requests into the Euro share class in respect of any future conversion date.
Application will be made to the Financial Services Authority (the "FSA") for the new US Dollar class shares issued pursuant to the Euro Conversion and any new US Dollar and Sterling class shares issued pursuant to the March Conversion 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. In anticipation of the proposed conversion of the entire Euro share class pursuant to the Euro Conversion and the March Conversion, application has also be made to the FSA for the cancellation of the entire Euro share class from the Official List.
This document does not constitute and may not be relied upon as constituting any form of investment advice or inducement to invest and prospective investors are advised to ensure that they obtain appropriate independent professional advice before making any investment decision.
All investments are subject to risk. AGOL invests in emerging markets, which may be more volatile than more mature markets, and the value of an investment in AGOL could move sharply down or up. In extreme circumstances, this could result in a total loss of the investment. Emerging markets are volatile and may suffer from liquidity problems; changes in rates of exchange between currencies may cause the value of investments to decrease or increase; the operational risks of investing are higher than in more developed markets. Past performance is no guarantee of future returns.
This announcement is not for distribution (directly or indirectly) in, into or from the United States, Canada, Australia or Japan (or any other jurisdiction where to do the same would constitute a violation of the relevant securities laws of such jurisdiction). In addition, this announcement does not constitute an offer of securities for sale in or into the United States, Australia, Canada or Japan (or any other jurisdiction where the same would constitute a violation of the relevant securities laws of such jurisdiction)
Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited Company Secretary
Andrew Maiden Tel: +44 1481 745 368