Update regarding shares in public hands

RNS Number : 2985L

Aberdeen Emerging Markets Inv Co Ld

09 September 2021

 

Aberdeen Emerging Markets Investment Company Limited

("AEMC" or the "Company")

LEI: 213800RIA1NX8DP4P938 

9 September 2021

Update regarding shares in public hands

As part of the preparations being made to implement the Proposals announced on 30 July 2021, the Company has been liaising with the FCA in relation to the Company's free float.  The Board is pleased to announce that the FCA has agreed to modify the relevant Listing Rule to continue to permit a reduced level of shares in public hands.   The modification is for an initial period to 6 March 2022.  Subsequent to the implementation of the Proposals, which should of themselves see an improvement in the level of free float towards the usual minimum level of 25%, and prior to 6 March 2022, further discussions will be held with the FCA to discuss the basis of any further grant of modification as the Company is marketed in its new role as an All China investment company.  In the meantime, the Company will continue to monitor its share register, which currently shows a free float of approximately 16.4%, keep the FCA informed of any relevant developments and work towards enlarging the number of shares in public hands.

Enquiries: 

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager to Aberdeen Emerging Markets Investment Company Limited)

William Hemmings

Tel: [phone]

Luke Mason

Tel [phone]

Shore Capital (Corporate Broker)

Robert Finlay/Rose Ramsden

Tel: + (0)20 7408 4090

PraxisIFM Fund Services (UK) Limited (UK Administration Agent)

Brian Smith

Tel: [phone]

 

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