Ashmore Group PLC
12 October 2006
12 October 2006
Stabilisation Notice: Ashmore Group plc
In connection with the Placing in relation to the following ordinary shares:
Ashmore Group plc ordinary shares of 0.01p each
ISIN Code: GB00B132NW22
UBS Limited as stabilisation manager, or any other person acting for it may,
over-allot and effect other transactions with a view to supporting the market
price of the ordinary shares at a level higher than that which might otherwise
prevail from 8:00a.m. on 12 October 2006 to 10 November 2006. However, there may
be no obligation on UBS Limited, or any agent of UBS Limited, to do this. Such
transactions may be effected on the London Stock Exchange and any other
securities market, over the counter market, stock exchange or otherwise. Such
stabilising, if commenced, may be discontinued at any time and must be brought
to an end no later than 10 November 2006.
In connection with its stabilising activities Mark Coombs and Jon Moulton have
granted UBS Limited, on behalf of the Underwriters, an over-allotment option,
utilisable on or before 10 November 2006 which, if utilised will require Mark
Coombs and Jon Moulton to sell up to 10 per cent. of the aggregate number of
ordinary shares available in the Placing (before any exercise of the
Over-allotment Option) at the Placing Price to cover short positions arising
from such over-allotments (if any) and/or sales of ordinary shares effected by
it during the stabilising period.
UBS Limited has agreed with Ashmore Group plc that any over-allotment of
ordinary shares by it or any of its agents will be up to a maximum of 10 per
cent. of the total number of ordinary shares comprised in the Placing (before
any exercise of the Over-allotment Option).
Number of ordinary shares in the Placing: 177,266,000
Number of ordinary shares subject to the Over-allotment Option: 17,726,600
The Placing Price of Ashmore Group plc ordinary shares of 0.01p each was set at
170p per ordinary share on 12 October 2006.
UBS Limited contacts:
Adam Welham +44 207 568 6342
This announcement may not be distributed, directly or indirectly, in or into the
United States, Canada, Australia or Japan.
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or dispose
of any securities of Ashmore Group plc in any jurisdiction.
In addition, if and to the extent that this announcement is communicated in, or
the offer of the securities to which it relates is made in, any EEA Member State
that has implemented Directive 2003/71/EC (together with any applicable
implementing measures in any Member State, the 'Prospectus Directive') before
the publication of a prospectus in relation to the securities which has been
approved by the competent authority in that Member State in accordance with the
Prospectus Directive (or which has been approved by a competent authority in
another Member State and notified to the competent authority in that Member
State in accordance with the Prospectus Directive), this announcement and the
Placing are only addressed to and directed at persons in that Member State who
are qualified investors within the meaning of the Prospectus Directive (or who
are other persons to whom the offer may lawfully be addressed) and must not be
acted on or relied on by other persons in that Member State.
The Placing and the distribution of this announcement and other information in
connection with the Placing in certain jurisdictions may be restricted by law
and persons into whose possession any document or other information referred to
herein comes should inform themselves about and observe any such restriction.
Any failure to comply with these restrictions may constitute a violation of the
securities laws of any such jurisdiction.
This announcement is not an offer of securities for sale into the United States.
The securities have not been, and will not be, registered under the U.S.
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an exemption from registration. There will be no public
offer of securities in the United States.
Defined terms used in this announcement have the same meaning as in the
Company's Prospectus dated 12 October 2006 unless the context requires otherwise
This information is provided by RNS
The company news service from the London Stock Exchange