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BlackRock Emerging Europe (BEEP)

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Friday 09 November, 2018

BlackRock Emerging Europe

Statement re Cash Exit and Results of Rollover Elections

9 November 2018

BlackRock Emerging Europe plc

(LEI: 549300OGTQA24Y3KMI14)

Results of Rollover Elections

The Board of BlackRock Emerging Europe plc (the “Company”) announces that, in connection with the proposed voluntary liquidation and rollover into new C Shares to be issued by BlackRock Frontiers Investment Trust plc (“BRFI”), the Company has received the total of following elections (or deemed elections):

  • Cash Option: 24,631,296 Ordinary Shares

  • Rollover Option: 11,284,732 Ordinary Shares

Eligible Shareholders that have made no election are deemed to have elected for the Rollover Option.

Therefore, subject to shareholder approval of the Resolutions to be put forward at the Company’s general meeting on 15 November 2018, the Ordinary Shares will be reclassified as follows:

  • 24,631,296 Ordinary Shares with "A" rights, being the right to receive cash; and

  • 11,284,732 Ordinary Shares with "B" rights, being the right to receive BRFI C Shares.

The amendment to the listing of Reclassified Shares and dealing in the Reclassified Shares is expected to commence at 08:00 on 22 November 2018 and the listing and dealing in Reclassified Shares is expected to be suspended at 7:30 am on 23 November 2018.

Defined terms used in this announcement have the meanings given in the circular published by the Company on 19 October 2018 unless the context otherwise requires.

Enquiries:

BlackRock Investment Management (UK) Limited
Simon White
Sarah Beynsberger
020 7743 3000
Winterflood Securities
Neil Langford
Chris Mills
020 3100 0000

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