REG-Ashmore Group Plc Launch of Placing in Ashmore

Released : 26/09/2008

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20080926:RnsZ3791E
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RNS Number : 3791E  
  
Ashmore Group PLC  
  
26 September 2008  
  
Not for release, publication or distribution in or into the United States, 
Canada, Japan, France, New Zealand or the Republic of Ireland  
  
ASHMORE GROUP PLC ("Ashmore" or the "Company")  
  
Launch of Placing in Ashmore Shares   
  
Ashmore today announces a secondary placing of 14,589,500 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 
approximately 2.1% of the outstanding issued share capital of Ashmore.  
  
Goldman Sachs International ("Goldman Sachs") and UBS Limited ("UBS") are acting 
as joint global co-ordinators and bookrunners for the Placing.  
  
The 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.  
  
Immediately prior to the announcement of Ashmore's results for the twelve month 
period to 30th June 2008, Ashmore's directors, employees and their related 
interests were interested, in aggregate, in 490,279,137 Ashmore Shares 
representing approximately 69.2% of Ashmore's issued share capital. Assuming the 
Placing is completed in full, Ashmore's directors, employees and their related 
interests will be interested in, in aggregate, 475,689,637 Ashmore Shares 
representing approximately 67.1% of Ashmore's issued share capital, of which 
171,040,242 Ashmore Shares (24.1%) will continue to be governed by the lock-in 
arrangements entered into at the time of the Company's IPO in October 2006 and 
which will expire upon the release of the Company's results for the twelve month 
period to 30th June 2009. Dealings in Ashmore Shares by Ashmore directors and 
employees are also governed by Ashmore's code for dealing in securities.  
  
Enquiries  
  
Goldman Sachs  
  
Joshua Critchley    +44 20 7774 3109  
  
UBS  
  
Tom Johnson     +44 20 7568 1417  
  
Penrose Financial  
  
Gay Collins         +44 20 7786 4888/+44 7798 626282  
  
Members of the public are not eligible to take part in the Placing. In the 
United Kingdom, this announcement, in so far as it constitutes an invitation or 
inducement to participate in the Placing, is directed exclusively at persons 
whose ordinary activities involve them in acquiring, holding managing, and 
disposing of investments (as principal or agent) for the purposes of their 
business and who have professional experience in matters relating to investments 
and who are qualified investors as defined in section 86(7) of the Financial 
Services and Markets Act 2000 ("FSMA") or are persons falling within Article 
19(5) of the Financial Services and Markets Act (Financial Promotion) Order 
2005, as amended (the "Order") or persons falling within Article 49(2)(a) to (d) 
"High net worth companies, unincorporated associations, etc") of the order (all 
such persons being referred to as "Relevant Persons"). This announcement, in so 
far as it constitutes an invitation or inducement to participate in the Placing, 
must not be acted on or relied on by persons who are not Relevant Persons. Any 
investment or investment activity to which this announcements relates is 
available only to Relevant Persons and will be engaged in only with Relevant 
Persons. As regards all persons other than Relevant Persons, the details of the 
Placing set out in this announcement are for information purposes only.  
  
Goldman Sachs and UBS do not accept any responsibility whatsoever for the 
contents of this announcement or for any statement made or purported to be made 
by either of them or on their behalf in connection with the Placing.  Each of 
Goldman Sachs and UBS accordingly disclaims all and any liability whether 
arising in tort, contract or otherwise which either of them might otherwise have 
in respect of this announcement or any such statement.  Goldman Sachs and UBS 
are acting as joint global co-ordinators and bookrunners to Ashmore in relation 
to for the Placing and no-one else and will not be responsible to anyone other 
than Ashmore for providing the protections offered to clients of Goldman Sachs 
and UBS or for providing advice in relation to the Placing or the contents of 
this announcement.  
  
This announcement does not constitute an offer for sale of the Ashmore Shares in 
the United States, and the Ashmore Shares may not be sold in the United States 
absent registration or an exemption from registration under the U.S. Securities 
Act of 1933, as amended (the "Securities Act"). The Ashmore Shares being sold in 
the Placing have not and will not be registered under the Securities Act or 
under the laws of any state of the United States.    
  
This announcement is not for distribution directly or indirectly in or into the 
United States, Canada, Australia, Japan, France, New Zealand or the Republic of 
Ireland. This announcement does not constitute an offer to sell or issue or the 
solicitation of an offer to buy or acquire Ashmore Shares in Canada, Australia, 
Japan, France, New Zealand or the Republic of Ireland or any jurisdiction in 
which such an offer or solicitation is unlawful.  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
  END  
  
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