27 Mar 2020 17:00
Ashmore Global Opportunities Ltd - Share Conversion & Closure of Sterling Share ClassAshmore Global Opportunities Ltd - Share Conversion & Closure of Sterling Share Class
PR Newswire
London, March 27
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("AGOL" or the "Company")a Guernsey incorporated and registered limited liability closed-ended investment company with a Premium Listing of its US Dollar and Sterling share classes on the Official List.
LEI Number: 549300D6OJOCNPBJ0R33
Completion of 29 February 2020 Share Conversion & Closure of Sterling Share Class 27 March 2020
Following the publication on 17 March 2020 of the final month-end net asset values for 29 February 2020, the following share conversion ratios have been determined in accordance with the articles of incorporation of the Company for the purposes of the 29 February 2020 share conversion date:
| 1.15474694 | 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:
1,230,563 new US Dollar shares of no par valueand the following shares will be cancelled:
1,065,656 Sterling shares of no par valueall with effect from 31 March 2020.
Application has been made to the Financial Conduct Authority (“FCA”) 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 or around 3 April 2020. Shareholder accounts for converting shareholders are expected to be updated by 5.00pm on 3 April 2020.
As previously announced by the Company on 27 February 2020 all remaining shares in the Sterling share class will be converted into US Dollar shares at the US Dollar/Sterling share conversion ratio with effect from 31 March 2020. The Sterling share class will then close and its listing will be cancelled.
Following issue and cancellation of the relevant shares, the total number of shares in issue in each class will be as follows:
- 4,846,922 US Dollar Shares; and- 0 Sterling 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
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 FCA's Disclosure and Transparency Rules.Enquiries:www.agol.comCompany SecretaryNorthern Trust International Fund Administration Services (Guernsey) Limited