Statement re Subscription Price

RNS Number : 9985Z

Utilico Emerging Markets Limited

23 September 2015

 



For immediate release on 23 September 2015

Utilico Emerging Markets Limited (the 'Company')

Subscription Price

The Company published a prospectus on 3 September 2015 (the 'Prospectus') setting out details of a proposed Bonus Issue of Subscription Shares to Existing Ordinary Shareholders on the register as at 5.00 p.m. on 22 September 2015. The Bonus Issue was conditional on the passing of the Resolutions proposed at the Special General Meeting of the Company held at Vineyard Hotel, Colinton Road, Newlands 7700, Cape Town, South Africa on Tuesday 22 September 2015. As announced yesterday the Bonus Issue was approved by Shareholders at the Special General Meeting and accordingly it is expected that 42,648,610 Subscription Shares will be issued to Shareholders on 24 September 2015. The expected timetable of principal events, as previously announced, is set out below.

As set out in the Prospectus the Subscription Price is equal to the unaudited published NAV per Ordinary Share as at 5.00 p.m. on 22 September 2015, plus a one per cent. premium to such NAV per Ordinary Share, rounded up to the nearest whole pence. Based on a NAV of 181.12 pence per Ordinary Share as at 5.00 p.m. on 22 September 2015, the Subscription Price is 183 pence.

Expected Timetable

Admission of the Subscription Shares to the standard segment of the Official List and dealings in Subscription Shares commence	8.00 a.m. on 24 September
Subscription Shares in uncertificated form credited to CREST accounts	24 September
Share certificates despatched in respect of Subscription Shares in certificated form	Week commencing 28 September
First date on which Subscription Share Rights can be exercised	29 February 2016
Final date on which Subscription Share Rights can be exercised	28 February 2018

Terms used and not defined in this announcement bear the meaning given to them in the Prospectus.

For further information please contact

ICM Limited Charles Jillings	01372 271486
Westhouse Securities Limited Alastair Moreton Rose Ramsden	0207 601 6118

 

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