Utilico Emerging Markets Limited Proposals to Re-Domicile to the United Kingdom (8956E)
February 14 2018 - 7:20AM
UK Regulatory
TIDMUEM
RNS Number : 8956E
Utilico Emerging Markets Limited
14 February 2018
14 February 2018
UTILICO EMERGING MARKETS LIMITED
(LEI Number: 213800UYZLSYB84N2H09)
Proposals to Re-Domicile to the United Kingdom
The Board of Utilico Emerging Markets Limited (the "Company")
announced on 21 November 2017 that it was considering options for a
possible change in its domicile.
Following a review, the Board has concluded that it would be in
the Company's best interests to re-domicile the Company to the
United Kingdom. It is intended that the proposed re-domiciliation
will be effected by way of a scheme of arrangement under section 99
of the Companies Act 1981 of Bermuda (the "Scheme") under which
ordinary shareholders will exchange all their ordinary shares, on a
one for one basis, for ordinary shares in Utilico Emerging Markets
Trust plc, a newly incorporated closed ended investment trust
established in the United Kingdom.
The proposed change of domicile will be conditional, inter alia,
on the approval of the Company's ordinary shareholders and the
Scheme being sanctioned by the Supreme Court of Bermuda.
The Board will not be proposing any changes to the investment
management arrangements as a result of the re-domicile and, other
than JP Morgan Chase Bank NA, London Branch who will act as
administrator, it is planned that the principal service providers
to Utilico Emerging Markets Trust plc will remain the same.
It is expected that a further announcement will be made at the
time documentation is sent to shareholders.
Name of contact and telephone number for enquiries:
ICM Investment Management Limited 01372 271486
Charles Jillings / Alastair Moreton
This information is provided by RNS
The company news service from the London Stock Exchange
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