Net Asset Value(s) Amendment

RNS Number : 9367D

Advance Developing Markets Fund Ltd

23 May 2012

 



NAV - Amendment

The below NAV announcement replaces RNS 8904D published on 22 May 2012 at 17:56.  The Net assets figure is now stated as £332.3 million rather than £329.3 million and the NAV per ordinary share is now stated as 437.53p rather than 433.67p.  The full text of the replacement announcement is below:

Advance Developing Markets Fund Limited announces that as at the close of business on 18 May 2012 its unaudited Net Asset Value (NAV) was:

Net assets (millions)	NAV per ordinary share
£332.3	437.53p

Notes:

The NAV per ordinary share figure is based on 75,943,954 ordinary shares (excluding shares held in treasury) in issue on the above date.  

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 Net Assets and NAV figures include current financial year revenue items.

No adjustment for dilution to the above NAV has been made in respect of any shares held in treasury.

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     Tel: [phone]

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

23 May 2012

 

END

 

 

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