CCAP.L Regulatory News (CCAP)

4 Oct 2007 07:01

Charlemagne Capital Limited04 October 2007 4 October 2007 Charlemagne Capital Announces Unaudited Assets under Management for the Nine Months Ended 1 October 2007 Charlemagne Capital Limited ("Charlemagne" or the "Group") sets out below themovements in Assets under Management ("AuM") for the first nine months of itscurrent financial year. Group AuM • Group AuM total up 26.7% since 1 January 2007 to US$5.9 billion as at 1 October 2007(i) • Group AuM total up 15.4% since 2 July 2007 (US$5.1 billion) • Group AuM total up 43.2% since 2 October 2006 (US$4.1 billion) The table below sets out the Group's AuM as at 1 October 2007 and the movementsexperienced in each product range in the period since 1 January 2007. 1 January Net Reorganisation Net 1 October Movement In 2007 Subscriptions (ii) Performance 2007 AuM(US$m) (US$m) (%) (US$m) (%) (US$m) (%) AuM(US$m) Period (%) ------ ------ ----- ----- Magna 1,255 38 3.0 (142) (11.3) 343 28.5 1,494 19.0OCCO 333 46 13.8 - - 64 18.0 443 33.0Inst. WhiteLabel 2,259 (325) (14.4) - - 419 20.0 2,353 4.2InstitutionalMandates 326 312 95.7 147 45.1 177 31.9 962 195.1Specialist 472 62 13.1 (40) (8.5) 139 28.8 633 34.1------------ --------- ------ ------ ------ ----- ------ ----- --------- --------Total 4,645 133 2.9 (35) (0.8) 1,142 24.3 5,885 26.7 ------------ --------- ------ ------ ------ ----- ------ ----- --------- -------- Notes:(i) Data is reported as at the first business day of the following periodin order to capture all subscription and redemption orders placed during theperiod but not processed until the next dealing date for the funds concerned.(ii) Reorganisation refers to transfers totalling US$142m from Magna into newsegregated accounts (Institutional Mandates) by two of the Group's institutionalclients and final liquidation of Novy Neft, leading to net redemptions of US$35million. Key Third Quarter Operating Highlights •Four new institutional mandates won, totalling US$312 million. •Launch of Nowe Finance Limited, a structured product providing access to Poland's largest insurance company. •New Sterling share class for Magna Africa. Enquiries: Charlemagne Capital Tel. 020 7518 2100Jayne Sutcliffe, Chief ExecutiveDavid Curl, Finance Director & Head of Investment Smithfield Consultants Tel. 020 7360 4900John KielyGeorge Hudson This announcement is not for publication or distribution to persons in theUnited States of America, its territories or possessions or to any US person(within the meaning of Regulation S of the US Securities Act of 1933, asamended). Neither this announcement nor any copy of it may be taken ortransmitted into Australia, Canada or Japan or to Canadian persons or to anysecurities analyst or other person in any of those jurisdictions. Any failure tocomply with this restriction may constitute a violation of United States,Australian, Canadian or Japanese securities law. The distribution of thisannouncement in other jurisdictions may be restricted by law and persons intowhose possession this announcement comes should inform themselves about andobserve any such restrictions. This announcement contains certain forward-looking statements with respect tothe financial condition, results of operations and businesses of the CharlemagneCapital Group. These statements and forecasts involve risk and uncertaintybecause they relate to events and depend upon circumstances that will occur inthe future. There are a number of factors that could cause actual results ordevelopments to differ materially from those expressed or implied by theseforward-looking statements and forecasts. Nothing in this announcement should beconstrued as a profit forecast. This statement is aimed at providing information regarding the Assets underManagement on which revenue is derived by Charlemagne Capital Limited. Theunaudited data contained in this statement are currently provisional and allsuch data are subject to change. This statement is produced in order to providegreater disclosure to investors and potential investors and to ensure that theyall receive equal access to the same information at the same time. This information is provided by RNS The company news service from the London Stock Exchange