Net Asset Value(s)

RNS Number : 0554K
Advance Developing Markets Fund Ltd
12 April 2010
 



Advance Developing Markets Fund Limited announces that its unaudited Net Asset Value (NAV) as at the close of business on 09 April 2010 was as follows:


Net Assets         (millions)

NAV per ordinary share




Undiluted

 

£343.4

520.82p

Diluted

 

£378.9

484.98p

Notes:

The above NAV figures are based on 65,940,247 ordinary shares and 12,180,757 subscription shares in issue.

Investments in the Company's portfolio have been valued on a bid price basis in the above calculations.

The above NAV figures include current financial year revenue items.

Diluted net assets and NAV assume full conversion of all outstanding subscription shares to ordinary shares at the subscription price of 291.0p per share

 

 

Enquiries:

 

Advance Emerging Capital Limited (Investment Manager to Advance Developing  Markets Fund Limited)

Dr Slim Feriani                          Tel: +44 (0)20 7566 5520                   

 

Cavendish Administration Limited (UK Administration Agent)

Anthony Lee / Russell Scott      Tel: +44 (0)20 7490 4355

 

 

Ordinary Shares - Listing Category: Premium - Equity Closed-ended Investment Funds

Subscription Shares - Listing Category: Standard - Shares

 


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