FAS Fidelity Asian Values Plc

 
TIDMFAS 
 
Fidelity Asian Values PLC 
 
LEI: 54930094CXNYINSNOQ96 
 
Conversion of rights attaching to Subscription Shares and Final Exercise Date 
 
2 December 2019 
 
Further to the announcement on 27 November 2019, Fidelity Asian Values PLC (the 
"Company") today announces that it has issued and allotted 3,081,455 ordinary 
shares of 25p each in the capital of the Company ("Ordinary Shares") today. 
Such issuance was made following the exercise of 3,081,455 subscription shares 
("Subscription Shares"), each of which confers the right to subscribe for one 
Ordinary Share at a price of 392.75 pence (the "Subscription Price") per 
Subscription Share in the period to 29 November 2019 (the "Final Subscription 
Date"). 
 
Total Voting Rights 
 
An application has been made to the Financial Conduct Authority for admission 
to the Official List, and to the London Stock Exchange for the admission to 
trading on the Main Market, of 3,081,455  Ordinary Shares, ranking pari passu 
with the Company's existing Ordinary Shares. Admission is expected to take 
place on 6 December 2019. 
 
Conditional on Admission, the Company's issued share capital will consist of 
75,580,889 Ordinary Shares, with each share carrying the right to one vote, and 
8,021,575 Subscription Shares.  The Company holds no shares in Treasury. 
 
Therefore, the total number of voting rights in the Company is 75,580,889. 
 
The above figure may be used by shareholders as the denominator for the 
calculations by which they will determine if they are required to notify their 
interest in, or a change to their interest in, the Company under the FCA's 
Disclosure and Transparency Rules. 
 
Unexercised Subscription Share Rights 
 
29 November 2019 was the final exercise date for the Subscription Shares. As at 
the close of business on the Final Exercise Date, 8,021,575 Subscription Shares 
remain unexercised.  In accordance with the terms and conditions on which the 
Subscription Shares were issued (as set out in the prospectus published by the 
Company on 26 October 2016 (the "Prospectus")), the Company has appointed a 
final subscription trustee (the "Final Subscription Trustee").  If the Final 
Subscription Trustee determines that the net proceeds of sale after deduction 
of all costs and expenses incurred by, and any fee payable to, the Final 
Subscription Trustee will exceed the costs of exercising the Subscription Share 
Rights then the Final Subscription Trustee will exercise any (or such 
proportion as it may in its absolute discretion determine) unexercised 
Subscription Rights and sell the resulting Ordinary Shares. 
 
The Trustee will distribute pro rata the net proceeds of any such sale (after 
deduction of the costs and expenses) to holders of unexercised Subscription 
Rights by no later than 24 January 2020, save that, in accordance with the 
Prospectus, aggregate entitlements per holder of less than GBP5.00 shall be 
retained for the benefit of the Company. 
 
If the Trustee does not exercise the Subscription Rights conferred by the 
outstanding Subscription Shares by 13 December 2013, all Subscription Rights 
conferred by the Subscription Shares will lapse with nil value. 
 
The Trustee's decision in respect of the above is final and binding on all 
holders of outstanding Subscription Shares. 
 
Capitalised terms shall have the meaning set out in the Prospectus unless 
otherwise defined. 
 
Enquiries: 
 
FIL Investments International 
 
Natalia De Sousa        +44 (0)1737 837846 
 
 
 
END 
 

(END) Dow Jones Newswires

December 02, 2019 13:37 ET (18:37 GMT)

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