Net Asset Value(s)
Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 18 March 2011 was as follows:
|
|
Net Assets (millions) |
NAV per ordinary share |
|
|
|
|
|
Undiluted
|
£368.9 |
540.15p |
|
Diluted
|
£397.5 |
508.80p |
Notes:
The above NAV figures are based on 68,290,851 ordinary shares and 9,830,153 subscription shares in issue.
Investments in the Company's portfolio have been valued on a bid price basis in the above calculations.
The above NAV figures include current financial year revenue items.
Diluted net assets and NAV assume full conversion of all outstanding subscription shares to ordinary shares at the subscription price of 291.0p per share
Enquiries:
Advance Emerging Capital Limited (Investment Manager to Advance Developing Markets Fund Limited)
Dr Slim Feriani Tel: +44 (0)20 7016 0030
Cavendish Administration Limited (UK Administration Agent)
Anthony Lee / Russell Scott Tel: +44 (0)20 7490 4355
Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds
Subscription Shares - Listing Category: Standard - Shares
This information is provided by RNS