BEE Baring Emerging Europe Plc

 
TIDMBEMO 
 
Barings Emerging EMEA Opportunities PLC 
                                (the "Company") 
 "Finding quality companies from Emerging Europe, the Middle East and Africa" 
 
Russian Depositary Receipt Conversions 
 
The Company would like to make Shareholders aware that it is in the process of 
converting a number of depositary receipts held in the portfolio into their 
underlying local MOEX listed securities. After taking legal advice to ensure 
that this operation involves no breach of UK sanctions, the Company determined 
that taking advantage of the possibility of carrying out such conversions would 
be in shareholders' long-term interest. The Company has elected to convert the 
following depositary receipts: 
 
    Company        Type 
 
    Gazprom        ADR 
 
     Lukoil        ADR 
 
 Norilsk Nickel    ADR 
 
    Novatek        GDR 
 
Lukoil, Norilsk Nickel and Novatek have been converted into local shares, 
whilst Gazprom remains in progress. These conversions have no impact on the 
valuation approach communicated to Shareholders on the 3rd March 2022.  Due to 
the continuing restrictions on sales from the Russian exchange, the Company 
will continue to value them at zero. 
 
7 September 2022 
 
Barings Emerging EMEA Opportunities PLC, via J.P. Morgan 
Cazenove 
 
Frances Daley (Chairman) 
 
J.P. Morgan Cazenove                                        +44 (0)20 7742 
                                                            4000 
 
William Simmonds 
 
Media enquiries 
 
Quill PR                                                    +44 (0)20 7466 
                                                            5050 
 
Nick Croysdill, Andreea Caraveteanu 
 
About Barings Emerging EMEA Opportunities PLC 
 
"Finding quality companies from Emerging Europe, the Middle East and Africa." 
 
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. 
 
In November 2020, the Company broadened its investment policy to focus on 
growth and income from quality companies in the Emerging Europe, Middle East 
and Africa ("EMEA") region. It also changed its name from Baring Emerging 
Europe PLC to Barings Emerging EMEA Opportunities PLC at the same time. 
 
For more information, and to sign up for regular updates, please visit the 
Company's website: www.bemoplc.com 
 
 
 
END 
 
 

(END) Dow Jones Newswires

September 07, 2022 02:00 ET (06:00 GMT)

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