Fidelity Emerging Markets Limited Increases Treasury Share Holdings

Fidelity Emerging Markets Limited purchased 28,899 shares into its treasury at 709.492 pence per share, bringing total treasury shares to 1,174,040. The company now holds 1.5% of its issued share capital in treasury, with total voting rights at 76,394,145.

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Aqsa Younas Rana
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Fidelity Emerging Markets Limited Increases Treasury Share Holdings

Fidelity Emerging Markets Limited Increases Treasury Share Holdings

On May 13, 2024, Fidelity Emerging Markets Limited announced that it has purchased 28,899 shares into its treasury at a price of 709.492 pence per share. This transaction brings the company's total shares held in treasury to 1,174,040.

Why this matters: This move demonstrates the company's confidence in its own stock and may signal potential future corporate actions, such as mergers and acquisitions or dividend payments. The increased treasury holdings could also impact the company's financial performance and influence investor decisions.

Following the share purchase, Fidelity Emerging Markets Limited now has an issued share capital of 77,568,185 shares. With the increased treasury holdings, the total number of voting rights in the company stands at 76,394,145.

The company, which has a Legal Entity Identifier of 213800HWWQPUJ4K1GS84, noted that shareholders may use the updated total voting rights figure to determine if they are required to notify their interest in, or a change to their interest in, Fidelity Emerging Markets Limited under the Financial Conduct Authority's Disclosure and Transparency Rules.

Nira Mistry, the Company Secretary, can be contacted at 44 0 7778 354 517 for further information regarding the transaction and updated shareholding details.

The purchase of treasury shares by Fidelity Emerging Markets Limited reflects the company's confidence in its own stock and provides flexibility for potential future corporate actions. As of May 13, 2024, the company holds approximately 1.5% of its issued share capital in treasury.

Key Takeaways

  • Fidelity Emerging Markets Limited buys 28,899 shares into treasury at 709.492p/share.
  • Total shares held in treasury now 1,174,040, approx. 1.5% of issued share capital.
  • Updated total voting rights: 76,394,145 shares.
  • Shareholders may need to notify interest in company under Disclosure and Transparency Rules.
  • Purchase reflects company's confidence in its stock, provides flexibility for future actions.