26 November 2018
BlackRock Emerging
Europe plc
(LEI:
549300OGTQA24Y3KMI14)
Formula Net Asset
Value
Further to the announcement on 9 November
2018, the Board of BlackRock Emerging Europe plc (the
“Company”) announces that the FAV per Ordinary Share, for the
purposes of determining Shareholder entitlements under the Scheme,
is 423.1541 cents per Ordinary Share
(331.1604 pence per Ordinary Share).
The FAV per Ordinary Share has been calculated in accordance with
the term of the Scheme as set out in the circular published by the
Company in connection with the Scheme dated 19 October 2018 (the “Circular”).
Shareholders that have elected (or are deemed to have elected)
for the Cash Option can expect to receive approximately
331.1604 pence per Ordinary Share
(rounded down to the nearest whole penny), although the exact
amount may vary depending on currency movements prior to conversion
of any US Dollar assets into Sterling. In accordance with the
Scheme, cheques are expected to be dispatched in respect of the
Cash Option and CREST payments made to Shareholders the week
commencing 3 December 2018.
Shareholders that have elected (or are deemed to have elected)
for the Rollover Option can expect to receive 3.311604 BRFI C
Shares for each Ordinary Share, rounded down to the nearest whole
BRFI C Share. Fractional entitlements of BRFI C Shares will not be
issued.
Defined terms used in this announcement have the meanings given
in the Circular unless the context otherwise requires.
Enquiries:
Ernst &
Young
Craig Robertson
|
+44 131 777 2242 |
Winterflood
Securities
Neil Langford
Chris Mills |
+44 20 3100 0000 |