REG-Ashmore Group Plc Ashmore Group plc investment

Released : 28/05/2009

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20090528:Rnsb9119S
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RNS Number : 9119S  
  
Ashmore Group PLC  
  
28 May 2009  
  
Ashmore Group plc ("Ashmore", the "Company") investment in Ashmore Global 
Opportunities Limited ("AGOL")  
  
Ashmore today announces that it has made an investment of E5.1m in AGOL, the 
London listed investment scheme. The investment was made through Ashmore's 
wholly owned subsidiary, Ashmore Management Company Limited, using existing cash 
resources and represents 1.88% of AGOL's voting rights.  
  
AGOL focuses principally on making investments in Special Situations, which is 
Ashmore's private equity / distressed debt investment theme. Ashmore believes 
that there is currently a significant opportunity to make investments in 
non-distressed assets at distressed prices. Ashmore's investment in AGOL 
therefore provides the Company with the ability to participate in the attractive 
investment returns which Ashmore believes will be delivered in the Special 
Situations investment theme over the near term.  
  
  
As at 31 December 2008, AGOL had gross assets of US$566.9 million and recorded a 
loss for the period to 31 December 2008 of US$203.5 million.  
  
Ashmore Investment Management Limited, a subsidiary of Ashmore, is the 
investment manager of AGOL.  
  
Enquiries:  
  
Ashmore  
  
Graeme Dell      +44 203 077 6157  
  
Penrose   
  
Gay Collins                                                                      
     +44 207 786 4882 / + 44 7798626282  
  
 
This information is provided by RNS  
  
The company news service from the London Stock Exchange  
  
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