Tender Price

RNS Number : 1934Y

Genesis Emerging Markets Fund Ld

17 August 2018

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

17 August 2018                       

This announcement contains inside information within the meaning of Regulation (EU) No 596/2014 on market abuse.

Genesis Emerging Markets Fund Limited (the "Company")

Tender Price announcement

Further to the tender offer launched by the Company on 19 July 2018 (the "Tender Offer") the Company today announces that the Tender Price at which all Shares accepted in the Tender Offer will be acquired is 746.03p per Share.

The Tender Price has been determined by taking 96.5% of the Company's NAV per Share at close of business on the NAV Determination Date of 16 August 2018, as described in the Circular.

It is intended that settlement of the Tender Offer will occur on or around 3 September 2018.

All Shares acquired by the Company will be cancelled, reducing the number of Shares outstanding by 13,496,306 Shares. Prior to such cancellation, the Company had 134,963,060 Shares outstanding, and following the cancellation, the Company will have 121,466,754 Shares outstanding.

Enquiries:

Jonathan Snow - 020 7201 7200 - Genesis Investment Management, LLP

William Simmonds - 020 7742 4000 - J.P. Morgan Cazenove

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