Net Asset Value(s)

RNS Number : 2563N

Advance Developing Markets Fund Ltd

30 August 2011

 



Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 26 August 2011 was as follows:

	Net Assets         (millions)	NAV per ordinary share
Undiluted	£326.9	494.41p
Diluted	£355.5	468.08p

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: [phone]                   

Cavendish Administration Limited (UK Administration Agent)

Anthony Lee / Russell Scott      Tel: [phone]

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

Subscription Shares - Listing Category: Standard - Shares

 

END

 

 

NAVEBLFXFVFBBBD