Business
Launch of Share Placing
Launch of Share Placing.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n RNS Number : 0362Z Ashmore Group PLC 15 September 2009 \n \nNot for release, publication or distribution in or into the United States, Canada, Japan, France, New Zealand or the Republic of Ireland\n15 September 2009\nASHMORE GROUP PLC ('Ashmore' or the 'Company')\nLaunch of Placing in Ashmore Shares \nAshmore today announces a secondary placing of up to 15,675,000 ordinary shares of 0.01p in Ashmore (the 'Ashmore Shares') by certain Ashmore employees and their related interests (the 'Placing'). The Placing, which will be undertaken by way of an accelerated bookbuild process to institutional investors, represents up to 2.2% of the outstanding issued share capital of Ashmore. \nGoldman Sachs International ('Goldman Sachs') and UBS Limited ('UBS') are acting as joint global co-ordinators and bookrunners for the Placing.\nThe sale price will be determined and announced after closing of the Placing. The timing of closing of the Placing will be determined in due course by Goldman Sachs and UBS.\nImmediately prior to the launch of the Placing, Ashmore's directors, employees and their related interests were interested, in aggregate, in 444,752,238 Ashmore Shares representing approximately 63.2% of Ashmore's issued share capital. Assuming the Placing is completed in full, Ashmore's directors and employees and their related interests will be interested, in aggregate, in 429,077,238 Ashmore Shares representing approximately 61.0% of Ashmore's issued share capital. The lock-in arrangements entered into at the time of the Company's IPO in October 2006 have now lapsed. Dealings in Ashmore shares by Ashmore directors and employees remain governed by Ashmore's code for dealing in securities.\nEnquiries\n\nGoldman Sachs\nMatthew Westerman +44 20 7552 3549\nRick Lawrence +44 20 7774 8456\n\nUBS\nChris Madderson +44 20 7568 8678\n\nPenrose Financial\nGay Collins +44 20 7786 4888\n ...