Aberdeen Emerging Markets Inv Co Ld Update regarding shares in public hands (2985L)
September 09 2021 - 6:04AM
UK Regulatory
TIDMAEMC
RNS Number : 2985L
Aberdeen Emerging Markets Inv Co Ld
09 September 2021
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
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