For immediate release on 10 April 2014
Utilico Emerging Markets Limited
Utilico Emerging Markets Limited ("UEM" or the "Company"), an established closed end fund focused on securing long term total returns, announces that in light of attractive rates currently available in the debt capital markets, it is seeking to secure longer term fixed rate funding for the purposes of pursuing the Company's investment objective over a significant period of time. To facilitate securing such funding, the Company proposes to convene a special general meeting to (i) give shareholders the opportunity to vote on the continuation of the Company before an issue of secured bonds and (ii) amend the Company's bye laws to provide for the next continuation vote to be at the annual general meeting of the Company to be held in 2024 and at every fifth annual general meeting thereafter. A circular to shareholders setting out further details and containing the notice of special general meeting is expected to be despatched to shareholders shortly.
UEM has appointed Canaccord Genuity Limited to arrange a series of meetings with fixed income investors in the UK and Channel Islands to discuss a possible issue of sterling denominated secured bonds, subject to market conditions. A further announcement in relation to the issue will be made in due course.
For further information please contact:
0207 861 3925
Westhouse Securities Limited
0207 601 6118
This information is provided by RNS