PR Newswire
London, May 4
Fidelity Japanese Values PLC (the "Company")
Final Exercise of Subscription Shares
4 May 2016
Further to the announcement made by the Company earlier today, the Company has been informed by the Final Subscription Trustee, appointed pursuant to paragraph 8(f) of Part IV of the prospectus published by the Company in connection with the bonus issue of Subscription Shares dated 22 July 2014 (the "Prospectus"), that it is exercising the 9,199,422 outstanding Subscription Shares on the same terms.
Subscription Shareholders on whose behalf the Trustee has exercised the outstanding Subscription Rights and is selling the resulting Ordinary Shares will receive the net proceeds of such sale after deduction of the Subscription Price of 86.5p together with all associated fees, costs and expenses (which are expected to amount to approximately 0.033 pence per Subscription Share, exclusive of brokerage commission). Net proceeds should be received by no later than 1 June 2016 provided that aggregate entitlements per holder of under £5.00 shall be retained for the benefit of the Company.
Application has been made for the new Ordinary Shares arising on the exercise of the Subscription Shares to be admitted to the premium segment of the Official List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 9 May 2016.
Total Voting Rights
Following the issue of the new Ordinary Shares noted above, and of the Ordinary Shares described in the Company's announcement of earlier today, the Company's issued share capital will consist of 136,245,695 Ordinary Shares of 25p each, with each Ordinary Share carrying the right to one vote. The Company does not hold any shares in treasury. The total number of voting rights in the Company will therefore be 136,245,695.
The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
Capitalised terms shall have the meanings set out in the Prospectus unless otherwise defined.
Contact for queries:
Natalia de Sousa
FIL Investments International
Company Secretary
Telephone: 01737 837846
