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.
Graeme Dell +44 203 077 6157
+44 207 786 4882 / + 44 7798626282
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