Barings Emerging EMEA Russian Depositary Receipt Conversions
07 Septiembre 2022 - 1:00AM
UK Regulatory
TIDMBEMO
Barings Emerging EMEA Opportunities PLC
(the "Company")
"Finding quality companies from Emerging Europe, the Middle East and Africa"
Russian Depositary Receipt Conversions
The Company would like to make Shareholders aware that it is in the process of
converting a number of depositary receipts held in the portfolio into their
underlying local MOEX listed securities. After taking legal advice to ensure
that this operation involves no breach of UK sanctions, the Company determined
that taking advantage of the possibility of carrying out such conversions would
be in shareholders' long-term interest. The Company has elected to convert the
following depositary receipts:
Company Type
Gazprom ADR
Lukoil ADR
Norilsk Nickel ADR
Novatek GDR
Lukoil, Norilsk Nickel and Novatek have been converted into local shares,
whilst Gazprom remains in progress. These conversions have no impact on the
valuation approach communicated to Shareholders on the 3rd March 2022. Due to
the continuing restrictions on sales from the Russian exchange, the Company
will continue to value them at zero.
7 September 2022
Barings Emerging EMEA Opportunities PLC, via J.P. Morgan
Cazenove
Frances Daley (Chairman)
J.P. Morgan Cazenove +44 (0)20 7742
4000
William Simmonds
Media enquiries
Quill PR +44 (0)20 7466
5050
Nick Croysdill, Andreea Caraveteanu
About Barings Emerging EMEA Opportunities PLC
"Finding quality companies from Emerging Europe, the Middle East and Africa."
Barings Emerging EMEA Opportunities PLC (the "Company") is a UK based
investment trust that was launched on 18 December 2002 and is managed by Baring
Fund Managers Limited.
In November 2020, the Company broadened its investment policy to focus on
growth and income from quality companies in the Emerging Europe, Middle East
and Africa ("EMEA") region. It also changed its name from Baring Emerging
Europe PLC to Barings Emerging EMEA Opportunities PLC at the same time.
For more information, and to sign up for regular updates, please visit the
Company's website: www.bemoplc.com
END
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September 07, 2022 02:00 ET (06:00 GMT)
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