News Releases
News releases 2009
07 April 2009
Notification of Interest
The Company was informed on 6 April 2009 that Threadneedle Emerging Debt Crescendo Fund ("the Threadneedle Fund") holds 1,519,961 ordinary shares in the Company, representing 6.67% of the Company's issued ordinary share capital and that Ameriprise Financial, Inc and its group (of which Threadneedle Asset Management Holdings Limited is the ultimate intermediate holding company in the UK) no longer has any beneficial interest in the Company's issued share capital. This change is as a result of the transfer of the ultimate beneficial ownership of the Threadneedle Fund's manager from Threadneedle Investments Ltd to Adelante Asset Management Ltd.
For further information:
| SovGEM Limited | |
| Hugh de Lusignan, Chief Executive Officer | Tel: +44 (0) 20 7389 0655 |
| hdelusignan@sovereigngroup.com | www.sovgem.com |
Nominated Adviser
| Smith & Williamson Corporate Finance Limited | |
| Azhic Basirov/Joanne Royden-Turner | Tel: +44 (0) 20 7131 4000 |
| corpfinance@smith.williamson.co.uk | www.smith.williamson.co.uk |
Broker
| Hanson Westhouse Limited | |
| Tim Metcalfe / Martin Davison | Tel: +44 (0)20 7601 6100 |
| tim.metcalfe@westhousesecurities.com | www.westhousesecurities.com |
Media enquiries:
Abchurch Communications Limited |
|
| Quincy Allan / Jack Ballantyne | Tel: +44 (0) 20 7398 7714 |
| jack.ballantyne@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
SovGEM Limited is an emerging market finance house incorporated in Jersey. Its geographic investment focus includes China and other emerging markets. SovGEM joined AIM in November 2004 (AIM: SOV).
The Company invests in high-growth companies, the majority of which are already profitable. SovGEM has an extensive network of professional advisors and associates giving the Company access to the small cap Chinese and other emerging markets. The Company aims to realise profits by investing in these companies as they undertake a major step change either through pre-IPO, listing or evolving to a more senior financial market. These investments may comprise straight equity or debt instruments with an equity conversion scheme
Further information can be found at www.sovgem.com