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).
