News Releases
News releases 2008
20 May 2008
Net Asset Value Update
SovGEM (AIM:SOV.L), the emerging market finance house, announces that the Directors' best estimate of NAV as of close of business on 19 May 2008 is 31.24p per ordinary share.
The Company will hold a series of investor meetings over the next few weeks. Details of SovGEM, its investment focus and portfolio companies can be found at www.sovgem.com.
For further information:
| SovGEM Limited | |
| Hugh de Lusignan, Chief Executive Officer | Tel: +44 (0) 20 7389 0655 |
| hdelusignan@sovereigngroup.com |
NOMAD & Broker
| Landsbanki | |
| Tom Hulme / Sebastian Jones | Tel: +44 (0) 20 7426 9000 |
| tom.hulme@landsbanki.com |
Media enquiries:
Abchurch Communications Limited |
|
| Quincy Allan | Tel: +44 (0) 20 7398 7710 |
| quincy.allan@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). Since joining AIM (23 November 2004) its Net Asset Value has increased from 12.6p to 31.24 p (as of 19 May 2008).
The Company invests in high-growth companies, virtually all of which are also 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 listing, evolving to a more senior financial market or undertaking an attractive rights issue. These investments may comprise straight equity or debt instruments with an equity conversion scheme.
Further information can be found at www.sovgem.com