Cancellation of Treasury Shares

Summary by AI BETAClose X

Fidelity Emerging Markets Limited announced the cancellation of 4,200,000 Participating Preference shares from its treasury account. Following this action, the company's issued share capital now consists of 72,935,616 Participating Preference shares and 1,000 founder shares. The total number of voting rights in the company is 63,909,677, a figure that excludes 9,025,940 Participating Preference shares still held in treasury, which carry no voting rights. This reduction in the number of shares held in treasury could potentially enhance per-share metrics by decreasing the effective share count. The updated voting rights figure is provided for shareholders to determine their disclosure obligations under regulatory rules.

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