Business
End of Stabilisation
End of Stabilisation.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n Ashmore Group PLC\n24 October 2006\n\nThese written materials are not for distribution (directly or indirectly) in or\nto the United States, Canada, Australia or Japan. They are not an offer of\nsecurities for sale in or into the United States, Canada, Australia or Japan.\n\n\nThe Shares of the Company are not being registered under the US Securities Act\nof 1933, as amended (the 'Securities Act') and may not be offered or sold in the\nUnited States unless registered under the Securities Act or pursuant to an\nexemption from such registration. No money, securities or other consideration\nis being solicited and, if sent in response to the information contained herein,\nwill not be accepted.\n\n\n\n24 October 2006\n\n\n\n Ashmore Group plc\n ('Ashmore' or the 'Company')\n\n\nAnnouncement of Utilisation of Over-allotment Option: Ashmore Group plc\n\n\nIn connection with the Placing in relation to the following ordinary shares:\n\n\nAshmore Group plc ordinary shares of 0.01p each\nISIN Code: GB00B132NW22\n\n\nAshmore announces that, in connection with the Placing of 177,266,000 ordinary\nshares by Ashmore, UBS Limited, as stabilising manager, has given notice to\nutilise the Over-allotment Option in full in respect of 17,726,600 ordinary\nshares in Ashmore. None of the £30.1 million gross proceeds arising from the\nutilisation of the Over-allotment Option will be received by Ashmore.\n\nIncluding the utilisation of the Over-allotment Option, the total size of the\nPlacing is 194,992,600 ordinary shares. Following the utilisation of the\nOver-allotment Option and as a consequence of the Over-allotment Arrangements,\nMark Coombs will be beneficially interested in 303,324,200 Ashmore ordinary\nshares and Jon Moulton will be beneficially interested in 30,511,700 Ashmore\nordinary shares.\n\nThe Placing Price of Ashmore ordinary shares of 0.01p each was set at 170p per\nordinary share on 12 October 2006.\n\nUBS Limited, as stabilising manager has also informed the Company that the\nstabilisation period which commenced at 8am on 12 October 2006 has now ended and\nthat it made no stabilisation trades.\n\nFurther details in respect of the Over-allotment Option and the Over-allotment\nArrangements are set out in Ashmore's Prospectus dated 12 October 2006.\n\nDefined terms used in this announcement have the same meaning as in the\nCompany...