Director/PDMR Shareholding

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated
a)	Name	SVM Asset Management Ltd
2	Reason for the notification
a)	Position/status	Investment Manager
b)	Initial notification/Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SVM UK EMERGING FUND PLC
b)	LEI	213800K1T8DHOPEWW568
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Share GB0000684174
b)	Nature of the transaction	Sell
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.65 30,000
d)	Aggregated information
	-Aggregated volume
e)	Date of the transaction	2017-03-23
f)	Place of the transaction	GB