Fidelity Emerging Markets Ltd board launches tender offer (LON:FEML)

Further to its announcement on 27 November 2023, the board of directors of Fidelity Emerging Markets Limited (LON:FEML) has announced that it will proceed with making a tender offer for up to 14.99 per cent. of the issued share capital of the Company (excluding any shares held in treasury). The price per share acquired in the Tender Offer will be a two per cent. discount to the net asset value cum income per share calculated in accordance with the Company’s articles of incorporation and the current accounting policies of the Company.

The Company has today published a circular to shareholders which contains  details of the Tender Offer, together with details of how shareholders can tender shares for purchase, if they wish to do so. The Circular also includes a notice convening a general meeting of the Company which is to be held at J.P. Morgan Administration Services (Guernsey) Limited, Level 3, Mill Court, La Charroterie, St Peter Port, Guernsey GY1 1EJ at 12.00 p.m. on 25 March 2024 (or any adjournment thereof).

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Fidelity International

More articles like this

Fidelity Emerging Markets

Big-money investors shift focus to Emerging Markets

Wealthy investors are increasingly directing their funds towards emerging markets in a quest for higher returns, signalling a potential long-term change in their investment strategies, a seasoned Bank of America economist revealed to Reuters. Large global

Fidelity Emerging Markets

Leveraging Emerging Markets for global growth

In the next decade emerging markets will leverage increasingly healthy economic fundamentals and harness technological innovation to drive the next era of global growth. In this special publication to celebrate the 30-year anniversary of our emerging

Fidelity Emerging Markets

Emerging Markets climbing world bank GDP Rankings

The world’s leading Emerging Markets (EMs) are moving rapidly up the World Bank’s latest GDP rankings in PPP terms (purchase power parity) as well as the annual foreign direct investment (FDI) confidence ranking, according to management consultancy Kearney, and are starting

Fidelity Emerging Markets

Navigating Emerging Markets

As global markets grapple with interest rate uncertainty, RBC BlueBay Asset Management EM Sovereign Strategist Timothy Ash and KraneShares Senior Investment Strategist Anthony Sassine join Market Domination to offer tips for how investors should navigate emerging markets at

Fidelity Emerging Markets

Emerging Markets to surpass Western economies by 2050

Emerging markets (EMs) will overtake the Western world in terms of the collective nominal size of their economies by 2050, with China and India as the second and third largest behind the US, according to Capital

Fidelity Emerging Markets

Emerging Markets show solid growth in 2024 first quarter

Emerging markets continued to expand at a solid pace midway into the first quarter of 2024, supported by broad-based expansion across both manufacturing and service sectors. India remained the brightest spot in the emerging market space,

Fidelity Emerging Markets

Where to find value in Emerging Markets

Investors should not view emerging markets as a uniform group. They span the spectrum in geography, development and degrees of resiliency. This creates a diversified opportunity set for portfolios. A judicious combination of emerging market exposures

Fidelity Emerging Markets

Record inflows in Indian ETFs and growth prospects for 2024

If the emerging markets universe had an anointed darling last year, it would be India – and the momentum is still growing. Net inflows into exchange traded funds (ETFs) focused on Indian stocks shattered records in 2023, clocking