In a stock exchange notice on Monday (25 March), the £681m investment trust said around 79,829,958 shares were validly tendered, representing approximately 88% of the shares in issue.
After considering the rounding down of each valid applicant’s participation to the nearest whole share, FEML will buy a total 13,531,881 shares under the tender offer.
Fidelity Emerging Markets launches tender offer for up to 15% of share capital
The tender price, which has been calculated as 98% of net asset value as at 22 March, was 740.3p per share.
“Having narrowed from a discount of c.15% at…
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