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BSX Approves Listing of 85,000 Class C Shares of Utilico Emerging Markets Limited
Hamilton, Bermuda: 20 December 2007 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the Secondary Listing of 85,000 Class C Shares of Utilico Emerging Markets Limited (€˜the Fund', €˜the Company') of 50p each. The Class C shares have a primary listing on the AIM Stock Exchange.
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 Ordinary Share and Warrant Listings were effective as of 20 July 2005. The first tranche of Class C Shares were admitted to listing to AIM and to the Bermuda Stock Exchange on May 12, 2006.
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 Limited to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.