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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Adv.Dev.Mkts | LSE:ADD | London | Ordinary Share | GB0001674992 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 382.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMADD Advance Developing Markets Trust plc Publication of Supplementary Prospectus On 2 October 2009 Advance Developing Markets Trust plc (the "Company") published a Circular setting out further details of a proposed redomicile through a voluntary winding up of the Company and a rollover of shareholders' interests into a newly established Guernsey fund, Advance Developing Markets Fund Limited ("ADMF"). On the same date a Prospectus was also sent to Shareholders in connection with the proposed issue of Ordinary Shares and Subscription Shares by ADMF. Since publication of these documents the Board of the Company has consulted with certain key Shareholders regarding the proposed date for the first continuation vote for ADMF which is proposed to be put to shareholders in ADMF following implementation of the winding-up and rollover. Under the present articles of association of the Company, the next continuation vote is scheduled to be proposed at the Company's annual general meeting to be held in 2013, however should the Scheme be implemented the Prospectus provides that the first continuation vote for ADMF will be tabled, "at the annual general meeting first following the fifth anniversary of Admission, and at every fifth annual general meeting thereafter". Following consultation with certain key Shareholders, the Boards of the Company and ADMF have concluded that the date for the first continuation vote for ADMF should be 2013 in order to be consistent with the approach taken by the Company. ADMF will therefore shortly be publishing a supplementary prospectus setting out the proposed change. Enquiries: Cavendish Administration Limited 020 7490 4355 Arbuthnot Securities Limited 020 7012 2000 Alastair Moreton Hannah Pearce =--END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
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