17th Apr 2018 10:28
Ashmore Global Opportunities Ltd - Sale of AssetAshmore Global Opportunities Ltd - Sale of Asset
PR Newswire
London, April 17
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
Ashmore Global Opportunities Limited ("AGOL")a Guernsey incorporated and registered limited liability closed-ended investment company with a Premium Listing of its US Dollar and Sterling share classes on the Official List.
Sale of Asset17 April 2018
The Board of Directors of the Company has become aware of the sale of substantially all of the assets of Bedfordbury, the Company’s largest asset, to which it has an indirect exposure through its Fund investments. The agreed price of the sale was marginally above the latest valuation attributed to the asset by the Company. All cash proceeds have been received by Bedfordbury, and it is anticipated that cash will be upstreamed to AGOL via its Fund investments during Q2 2018. The indirect exposure to Bedfordbury represents just over 32% of the Company’s NAV as at 31 December 2017.
All Enquiries:
Northern Trust International Fund Administration Services (Guernsey) LimitedTel: +44 (0) 1481 745001
Related Shares:
AGOL.LAGOU.L