AGOU Ashmore Global Opportunities Limited

 
TIDMAGOU 
 
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, 
   CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD 
       CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 
 
                     Ashmore Global Opportunities Limited 
                                (the "Company") 
     a Guernsey incorporated and registered limited liability closed-ended 
 investment company with a Premium Listing of its US Dollar and Sterling share 
                         classes on the Official List. 
 
                           LEI: 549300D6OJOCNPBJ0R33 
 
                         Proposed de-listing of shares 
                                  19 May 2020 
 
As a result of the managed wind-down of the Company, the Company's investment 
portfolio now comprises (a) a minority holding in AEI Inc. ("AEI"), held 
directly by the Company and (b) a number of smaller fund investments managed by 
the Company's investment manager, which include a further indirect interest in 
AEI. 
 
In recent months, the Company's investment manager has had discussions with 
third parties regarding the realisation of its investment in AEI, with the 
objective of the directors being in a position to place the Company into 
liquidation following that sale.  This outcome would also have resulted in the 
cancellation of the admission of the Company's shares to listing on the 
Official List of the UK Listing Authority and to trading on the Main Market of 
the London Stock Exchange, upon the commencement of the liquidation of the 
Company. 
 
However, the COVID-19 pandemic has reduced the likelihood of AEI being sold on 
acceptable terms in the short to medium term.  The directors continue to be of 
the opinion that it is in the best interests of the Company, and its 
shareholders, for the realisation of the investment in AEI to be achieved by 
the Company's investment manager, overseen by its directors, rather than by a 
liquidator.  Accordingly, the directors do not consider that it is appropriate 
to formally wind up the Company at this time. 
 
However, the delay in the realisation of AEI has caused the directors to assess 
whether it remains in the best interests of the Company, and its shareholders, 
for the listing of its shares to continue. 
 
The considerable costs of maintaining the Company's listed company status are 
increasingly disproportionate to the value of the Company's portfolio, and 
there are identifiable cost savings that can be achieved by a cancellation of 
the listing. 
 
Accordingly, the directors intend to shortly bring forward proposals to 
shareholders to delist from the public markets in the coming weeks. The 
Company's status as a Guernsey-regulated investment fund would continue 
notwithstanding such delisting and the Company's objective would remain the 
orderly disposal of AEI, as well as the remaining fund investments, as soon as 
sensible.  Consideration will be given to appointing a liquidator, and the 
commencement of the formal winding up of the Company, following the disposal of 
AEI. 
 
All Enquiries: 
 
Northern Trust International Fund Administration Services (Guernsey) Limited 
 
Tel: +44 (0) 1481 745001 
 
 
 
END 
 

(END) Dow Jones Newswires

May 19, 2020 12:12 ET (16:12 GMT)

Ashmore Global Opportuni... (LSE:AGOU)
Gráfica de Acción Histórica
De Abr 2024 a May 2024

Ashmore Global Opportuni... (LSE:AGOU)
Gráfica de Acción Histórica
De May 2023 a May 2024