2nd Sep 2019 18:39
(Alliance News) - Aberdeen Emerging Markets Investment Co Ltd on Monday said the Financial Conduct Authority has agreed to a temporary modification of rules while the company restores more shares to public hands.
Back on August 23, Aberdeen Emerging Markets said only around 17% of is shares were in public hands, below the 25% minimum threshold.
The FCA has, the investor said, "agreed to modify temporarily the relevant listing rule to permit this decreased level of shares in public hands" until August 2020.
In that time, Aberdeen Emerging Markets Investment plans to monitor its share register, work to restore shares to public hands, and keep the FCA abreast of developments.
Shares in Aberdeen Emerging Markets Investment closed up 1.9% at 584.00 pence in London on Monday.
Related Shares:
AEMC.L