Reminder of Subscription Rights

RNS Number : 4005P

Advance Developing Markets Fund Ltd

03 October 2011

 



Advance Developing Markets Fund Limited

3 October 2011

Advance Developing Markets Fund Limited

Reminder of Subscription Rights

Further to the Company's announcement on 16 September 2011, it has come to the Company's attention that the member account ID of the Company's receiving agent and the corporate action number set out in Appendix 1 of the circular posted to subscription shareholders and ordinary shareholders on 16 September 2011 (the "Circular") were incorrect. 

The correct details for use when exercising subscription rights conferred by subscription shares held in uncertificated form are as follows:

1.                Member account ID of the Company's receiving agent: ADMFLSUB; and

2.                Corporate action number: 3.

It has also come to the Company's attention that subscription share certificates do not have a notice of conversion ("Notice of Conversion") printed on their reverse.  When exercising subscription rights conferred by subscription shares held in certificated form, subscription shareholders should follow the procedure set out in Appendix 2 to the Circular but should also send a covering letter addressed to the Company's registrar, Capita Registrars ("Capita") confirming their intention to exercise their subscription rights (rather than completing and returning a Notice of Conversion) together with their share certificate and remittance for the subscription amount.

A circular has today been posted to subscription shareholders to draw their attention to the above and a copy of such circular will shortly be available on the Company's website at www.advance-emerging.com.

3 October 2011 

For further information please contact:

Advance Emerging Capital Limited (Investment Manager to Advance Developing  Markets Fund Limited)
Dr Slim Feriani                                    Tel: [phone]

Cavendish Administration Limited (UK Administration Agent)
Anthony Lee / Russell Scott               Tel: [phone]

END

 

END

 

 

FURUGGGCUUPGURW