23rd Aug 2019 12:59
(Alliance News) - Aberdeen Emerging Markets Investment Co Ltd said Friday its number of shares in public hands has fallen below the 25% required under listing rules.
The investment firm reported that following share acquisitions by some of its largest shareholders, the number of shares publicly listed have fallen to 17%. Under listing rules, shares are considered in public hands when owned by investors with a stake below 5%.
Aberdeen Emerging Markets said it was "liaising" with the UK Financial Conduct Authority and will "make a further announcement shortly."
Shares in Aberdeen Emerging Markets were 0.2% higher at 584.00 pence in London on Friday.
Related Shares:
AEMC.L