Fidelity Asian Values PLC
Request for suspension of listing of
27 November 2019
On 25 October 2019, Fidelity Asian
Values PLC (the "Company") reminded holders of the Company's
subscription shares (the "Subscription Shares") that the final
period during which they are entitled to subscribe for Ordinary
Shares ends on 29 November 2019 (the
"Final Annual Exercise Date").
In the event that Subscription Shares remain unexercised
following the Final Annual Exercise Date, 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 Prospectus,
aggregate entitlements per holder of less than £5.00 shall be
retained for the benefit of the Company.
The Company has requested that the FCA suspend the listing of
the Subscription Shares following the passing of the Final Annual
Exercise Date, with the listing of the Subscription Shares to be
cancelled in due course.
The Company is expecting to announce the results of the final
annual exercise on 2 December 2019.
Capitalised terms shall have the meanings set out in the
Prospectus unless otherwise defined.
FIL Investments International
Natalia De Sousa +44