Fidelity Asian
Values PLC (the “Company”)
LEI:
54930094CXNYINSNOQ96
Reminder of
Subscription Share Rights and the Final Annual Exercise Date
25 October
2019
This announcement is being published as a reminder only and is
not to be read as a recommendation.
On 2 December 2016, the Company
undertook a bonus issue of one Subscription Share for every five
Ordinary Shares held. The exercise price at which each Subscription
Share may be converted to an Ordinary Share was set at 370.75 pence in year 1 (the published Net Asset
Value of 366.88 pence plus a premium
of 1%, rounded to the nearest quarter penny), 381.75 pence for year 2 (a premium of 4%, rounded
to the nearest quarter penny) and 392.75
pence for year 3 (a premium of 7%, rounded to the nearest
quarter penny) after which the exercise rights will expire.
Each Subscription Share confers the right, but not the
obligation, to subscribe for one Ordinary Share, in the 25 Business
Days preceding the last business day in November 2019.
The period to receive instructions will run from 5 November to
29 November 2019 for the third and
final Annual Exercise Date, 29 November
2019. The Ordinary Shares arising on exercise will be
allotted within ten Business Days of the Final Annual Exercise
Date.
In the event that Subscription Shares remain unexercised
following 29 November 2019, a Trustee
will be appointed in accordance with the Prospectus published on
26 October 2016.
If the Trustee determines that there would be net proceeds
(having taken account of the Exercise Price payable to the Company
and all costs and expenses of exercise from the sale of Ordinary
Shares arising on the exercise of the Subscription Rights), then
the Trustee will exercise all such unexercised Subscription
Rights. The Trustee will distribute the net proceeds of any
such sale (after deduction of the costs and expenses) to holders of
unexercised Subscription Rights by no later than 13 December 2019, save that, in accordance with
the Articles of Association, aggregate entitlements per holder of
less than £5.00 shall be retained for the benefit of the
Company.
Capitalised terms shall have the meanings set out in the
Prospectus unless otherwise defined.
For further information please contact:
FIL Investments
International
Natalia De Sousa |
+44 (0)1737 837846 |
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