Proposed move to the Main Market

RNS Number : 5593M

Utilico Emerging Markets Limited

18 August 2011

 



For immediate release on 18 August 2011

Utilico Emerging Markets Limited

Proposed move to the Main Market

Utilico Emerging Markets Limited ("UEM" or the "Company") is pleased to announce that it intends to seek a premium listing of its ordinary shares on the Official List of the UK Listing Authority and to apply for admission to trading of such shares on the London Stock Exchange plc's main market for listed securities.

The UEM Board believes that a move to the main market will provide the Company with a number of potential benefits, including increased liquidity, an enhanced market profile and access to a larger pool of investors.

A prospectus is currently being prepared by the Company and its advisers and it is expected that publication will take place in September, together with a notice convening a special general meeting of UEM's shareholders, with admission of the ordinary shares expected to take place in October.

A further announcement will be made in due course.

For further information please contact:

ICM Analysis & Research Ltd

Charles Jillings

01372 271486

Westhouse Securities Limited

Alastair Moreton

Hannah Young

0207 601 6118

This announcement is an advertisement and not a prospectus.

This announcement does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, not shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities.

Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of the final prospectus to be published by the Company and any supplement thereto in connection with the admission of ordinary shares of the Company to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.

Upon formal approval of the Prospectus by the UK Listing Authority, a copy of the Prospectus will be submitted to the National Storage Mechanism, and will be available for inspection at www.hemscott.com/nsm/do.

 

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