Advance Frontier Markets Fund Ltd Acquisition of Investment Manager by Aberdeen (0237Z)
15 Settembre 2015 - 8:00AM
UK Regulatory
TIDMAFMF TIDMADN
RNS Number : 0237Z
Advance Frontier Markets Fund Ltd
15 September 2015
ADVANCE FRONTIER MARKETS FUND LIMITED:
Acquisition of Investment Manager by Aberdeen
15 September 2015
The Board of Advance Frontier Markets Fund Limited ("AFMF")
announces that it has been informed by Advance Emerging Capital
Limited ("AEC"), the investment manager of AFMF, that an agreement
has been reached with Aberdeen Asset Management PLC ("Aberdeen")
whereby Aberdeen will acquire 100% ownership of AEC.
The transaction is subject, inter alia, to regulatory approval
from the UK Financial Conduct Authority and is expected to complete
during the fourth quarter of 2015.
The Board of AFMF is supportive of the transaction. The
investment management team of AEC will remain unchanged and AEC is
expected to benefit from the significant additional resources
available from within Aberdeen.
Further details of the transaction can be found on Advance
Emerging Capital's website:
www.advance-emerging.com
Enquiries:
Advance Emerging Capital Limited (investment manager to Advance
Frontier Markets Fund Limited)
Andrew Lister / Bernard Moody Tel: +44 (0)20 7016 0030
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett Tel: +44 (0)20 7383 5100
Numis Securities Limited (Nominated Broker)
David Benda Tel: +44 (0) 20 7260 1275
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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