Net Asset Value(s)

RNS Number : 4119Q
Advance Developing Markets Fund Ltd
18 October 2011
 



Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 14 October 2011 was as follows:


Net Assets         (millions)

NAV per ordinary share




Undiluted

 

£313.6

 

474.30p

Diluted

 

£342.2

450.57p

 

Notes:

The above NAV figures are based on 66,113,801 ordinary shares (excluding shares held in treasury) and 9,830,153 subscription shares in issue.

 

Quoted investments in the Company's portfolio have been valued on a bid price basis in the above calculations. Investments in open-ended funds have been valued using their latest available net asset values.

 

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
The company news service from the London Stock Exchange
 
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