Ashoka WhiteOak Emerging Markets Trust Plc - Voluntary Redemption of Ordinary Shares
VOLUNTARY REDEMPTION OF ORDINARY SHARES
YOU DO NOT HAVE TO TAKE ANY ACTION IF YOU WISH TO RETAIN YOUR SHARES
The Company operates a voluntary redemption facility through which shareholders may request the redemption of all or part of their holding of redeemable ordinary shares of 1p each in the Company (" Ordinary Share s") for cash on the last Business Day in December each year.
There is no requirement for shareholders to take any action should they wish to retain their Ordinary Shares.
As at close of business on
From the Company's IPO on
A redemption of Ordinary Shares may be subject to income tax and capital gains tax. In particular, private shareholders who sell their Ordinary Shares via the redemption mechanism could find they are subject to income tax on the gains made on the redeemed Ordinary Shares rather than capital gains tax on the sale of their Ordinary Shares in the market. However, individual circumstances do vary, therefore shareholders who are in any doubt about the redemption or the action that should be taken should seek independent professional advice.
None of the Directors of the Company will be redeeming any of their Ordinary Shares under the redemption facility.
Shareholders submitting valid requests for the redemption of Ordinary Shares will have their Ordinary Shares redeemed at the Redemption Price.
The Directors may elect, at their absolute discretion, to calculate the Redemption Price on either of the following bases:
1. The Redemption Price shall be equal to the Dealing Value per Ordinary Share calculated as at the appropriateValuation Point on the appropriateRedemption Point ; or 2. The Directors may elect to calculate the Redemption Price by reference to the amount generated upon the realisation of aRedemption Pool created for the purpose of funding the redemption.
The Directors are minded to approve all valid redemption requests unless there are exceptional reasons why this would be contrary to the interests of shareholders.
Shareholders wishing to request the redemption of all or any of their certificated Ordinary Shares at the
The relevant dates for the
29 November 2024 Latest date for receipt of Redemption Requests and certificates for certificated Ordinary Shares.1 p.m. on29 November 2024 Latest date and time for TTE instructions for uncertificated Ordinary Shares via CREST.6 p.m. on31 December 2024 Redemption Point . Company to notify Redemption Price and dispatch redemption monies; or if the redemption is to be funded by way of a On or before15 January 2025 Redemption Pool , Company to notify the number of Ordinary Shares being redeemed. Notification of Redemption Price and dispatch of redemption monies to take place as soon as practicable thereafter. On or before15 January 2025 Balance certificates to be sent to shareholders.
Further details of the redemption facility are set out in the Company's Articles of Association and are also available from the Company Secretary.
The Directors of the Company have discretion over the operation of the redemption facility and the calculation of the Redemption Price.
Defined terms in the announcement have the same meaning as set out in the Articles of Association, a copy of which may be obtained from the Company Secretary.
LEGAL ENTITY IDENTIFIER ('LEI'): 254900Z4X5Y7NTODRI75
Enquiries:
Company SecretaryJTC (UK) Limited The Scalpel, 18th Floor +44 207 409 018152 Lime Street London EC3M 7AF RegistrarComputershare Investor Services PLC The Pavilions +44 (0) 370 702 0000Bridgwater Road Bristol BS13 8AE
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