RNS Number : 9985Z
Utilico Emerging Markets Limited
23 September 2015

For immediate release on 23 September 2015


Utilico Emerging Markets Limited (the 'Company')


Subscription Price


The Company published a prospectus on 3 September 2015 (the 'Prospectus') setting out details of a proposed Bonus Issue of Subscription Shares to Existing Ordinary Shareholders on the register as at 5.00 p.m. on 22 September 2015. The Bonus Issue was conditional on the passing of the Resolutions proposed at the Special General Meeting of the Company held at Vineyard Hotel, Colinton Road, Newlands 7700, Cape Town, South Africa on Tuesday 22 September 2015. As announced yesterday the Bonus Issue was approved by Shareholders at the Special General Meeting and accordingly it is expected that 42,648,610 Subscription Shares will be issued to Shareholders on 24 September 2015. The expected timetable of principal events, as previously announced, is set out below.


As set out in the Prospectus the Subscription Price is equal to the unaudited published NAV per Ordinary Share as at 5.00 p.m. on 22 September 2015, plus a one per cent. premium to such NAV per Ordinary Share, rounded up to the nearest whole pence. Based on a NAV of 181.12 pence per Ordinary Share as at 5.00 p.m. on 22 September 2015, the Subscription Price is 183 pence.



Expected Timetable


Admission of the Subscription Shares to the standard segment of the Official List and dealings in Subscription Shares commence

8.00 a.m. on 24 September

Subscription Shares in uncertificated form credited to CREST accounts

24 September

Share certificates despatched in respect of Subscription Shares in certificated form

Week commencing 28 September

First date on which Subscription Share Rights can be exercised

29 February 2016

Final date on which Subscription Share Rights can be exercised

28 February 2018


Terms used and not defined in this announcement bear the meaning given to them in the Prospectus.



For further information please contact

ICM Limited

Charles Jillings


01372 271486

Westhouse Securities Limited

Alastair Moreton
Rose Ramsden


0207 601 6118






This information is provided by RNS
The company news service from the London Stock Exchange