Business
Stabilisation Notice
Stabilisation Notice.
About this update from Ashmore Group Plc
[{"type":"text","content":"\n Ashmore Group PLC\n12 October 2006\n\n12 October 2006\n\n\nStabilisation Notice: Ashmore Group plc\n\n\n\nIn connection with the Placing in relation to the following ordinary shares:\n\nAshmore Group plc ordinary shares of 0.01p each\n\nISIN Code: GB00B132NW22\n\n\n\nUBS Limited as stabilisation manager, or any other person acting for it may,\nover-allot and effect other transactions with a view to supporting the market\nprice of the ordinary shares at a level higher than that which might otherwise\nprevail from 8:00a.m. on 12 October 2006 to 10 November 2006. However, there may\nbe no obligation on UBS Limited, or any agent of UBS Limited, to do this. Such\ntransactions may be effected on the London Stock Exchange and any other\nsecurities market, over the counter market, stock exchange or otherwise. Such\nstabilising, if commenced, may be discontinued at any time and must be brought\nto an end no later than 10 November 2006.\n\nIn connection with its stabilising activities Mark Coombs and Jon Moulton have\ngranted UBS Limited, on behalf of the Underwriters, an over-allotment option,\nutilisable on or before 10 November 2006 which, if utilised will require Mark\nCoombs and Jon Moulton to sell up to 10 per cent. of the aggregate number of\nordinary shares available in the Placing (before any exercise of the\nOver-allotment Option) at the Placing Price to cover short positions arising\nfrom such over-allotments (if any) and/or sales of ordinary shares effected by\nit during the stabilising period.\n\nUBS Limited has agreed with Ashmore Group plc that any over-allotment of\nordinary shares by it or any of its agents will be up to a maximum of 10 per\ncent. of the total number of ordinary shares comprised in the Placing (before\nany exercise of the Over-allotment Option).\n\n\n\nNumber of ordinary shares in the Placing: 177,266,000\n\nNumber of ordinary shares subject to the Over-allotment Option: 17,726,600\n\n\n\nThe Placing Price of Ashmore Group plc ordinary shares of 0.01p each was set at\n170p per ordinary share on 12 October 2006.\n\n\n\nUBS Limited contacts:\n\nAdam Welham +44 207 568 6342\n\n\n\nThis announcement may not be distributed, directly or indirectly, in or into the\nUnited States, Canada, Australia or Japan.\n\n\n\nThis announcement is for information purposes only and does not constitute an\ninvitation or off...