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BSX Approves Listing of up to 75,122,239 Ordinary Shares and up to 15,004,447 Warrants of Utilico Emerging Markets Limited
Hamilton, Bermuda: 8 August 2005 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 75,122,239 Shares and up to 15,004,447 Warrants of Utilico Emerging Markets Utilities Limited (the "Fund"). The Warrants are attached to 75,022,239 of the Ordinary Shares on the basis of one Warrant for every five Shares issued and are exercisable on 31 July in any year from 2006 to 2010. The Warrants are convertible on a one for one basis into Shares.
The Fund was incorporated on 9 June 2005 under the laws of Bermuda as a close-ended investment vehicle. The Ordinary Shares and Warrants have a primary listing on AIM and secondary listing on the BSX. Both listings were effective as of 20 July 2005.
The investment objective of the Fund is to provide long-term capital appreciation by investing predominantly in utilities and related companies in Emerging Markets.
First Bermuda Group Limited sponsored the listing of the Shares and Warrants of the Company. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Restricted Marketing.
"We are pleased to welcome Utilico Emerging Markets Utilities Limited to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.