Barings Emerging EMEA Opportunities Plc Magnit Tender Application

 
TIDMBEMO 
 
Barings Emerging EMEA Opportunities PLC 
 
(the "Company") 
 
Magnit Tender Application 
 
Earlier this year Russian retailer Magnit announced a tender offer of their 
shares. After seeking legal advice that participation in the transaction would 
be permissible under the current sanctions regime the Company applied to tender 
its shares and can now confirm the results. 
 
The Board is pleased to announce that the Company's application was successful 
in respect of all its shares, with the Company tendering 23,826 shares at a 
price of RUB 2,215. The proceeds ($578,257.30) have been received into the 
Company's account at State Street and will be reflected in the net asset value 
at the next available opportunity. Prior to realising these shares the holding 
was valued at zero in the Company's net asset value. 
 
Chairman Frances Daley commented: "We view this positive development as evidence 
of the latent value of the Company's Russian assets and remain focused on how 
best shareholder value can be preserved, created and realised in relation to 
these holdings." 
 
7[th] December 2023 
 
Barings Emerging EMEA 
Opportunities PLC, via J.P. 
Morgan Cazenove 
Frances Daley (Chairman) 
 
J.P. Morgan Cazenove            +44 (0)20 3493 8000 
William Simmonds 
 
Media enquiries 
Quill PR                        +44 (0)20 7466 5050 
Nick 
Croysdill, Andreea Caraveteanu 
 
About Barings Emerging EMEA Opportunities PLC 
 
Barings Emerging EMEA Opportunities PLC (the "Company") is a UK based investment 
trust that was launched on 18 December 2002 and is managed by Baring Fund 
Managers Limited. 
 
For more information, and to sign up for regular updates, please visit the 
Company's website: 
www.bemoplc.com (https://urldefense.proofpoint.com/v2/url?u=http 
-3A__www.bemoplc.com&d=DwMGaQ&c=bZnDpUh0cTwskH9nIvyseq2tJ5dkOfcF56epRyP8Xxo&r=h 
-BGNGPKSWXTsDYeZAzA7a-KfXQTTPN 
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iaPYQ0uLyIoOZpjIfQvdrxE&e=) 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END

(END) Dow Jones Newswires

December 07, 2023 10:05 ET (15:05 GMT)

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