NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES,
CANADA, NEW ZEALAND, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO
SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
27 January 2017
BARING EMERGING EUROPE PLC
Tender Offer Conditions
On 15 December 2016, the Company announced the publication of a circular (the "
Circular") in respect of a tender offer for up to 10 per cent. of the issued
share capital of the Company (excluding any Shares held in treasury) (the "
Tender Offer"). Terms used in this announcement and not otherwise defined shall
have the same meaning as in the Circular.
The Board announces that each of the conditions to the Tender Offer listed in
paragraph 2.1 of Part V of the Circular has now been satisfied and that
accordingly the Tender Offer has now been declared unconditional.
A total of 1,585,858 Shares, representing approximately 10.00 per cent. of the
Company's issued share capital (excluding any Shares held in treasury), will
therefore be acquired by J.P. Morgan Cazenove today and will subsequently be
repurchased by the Company for cancellation.
The expected timetable for the completion of the Tender Offer is as follows:
Trade Date for Shares submitted for Tender 27 January 2017
Offer
Settlement of proceeds through CREST in 31 January 2017
respect of Tender Offer shares to
uncertificated shareholders
Despatch of settlement proceeds by cheque by 3 February 2017
in respect of Tender Offer shares to
certificated shareholders
Unless otherwise stated, all references to time in this document are to London
time.
Enquiries:
Steven Bates
Chairman, Baring Emerging Europe PLC
Tel: 020 7982 1263
William Simmonds
J.P. Morgan Cazenove
Tel: 020 7742 4000
Martin Salmon / Graham Venables
Northern Trust
Tel: 020 7982 2000