News Releases
News releases 2009
21 May 2009
Notification of interest
The Company was informed on 21 May 2009 that on 20 May 2009 Adelante Sovereign High Yield Fund (previously Threadneedle Emerging Debt Crescendo Fund) sold 1,519,961 ordinary shares in the Company, representing 6.67% of the Company's issued ordinary share capital, and no longer has an interest in the capital of the Company.
For further information:
| SovGEM Limited Hugh de Lusignan, Chief Executive Officer hdelusignan@sovereigngroup.com |
Tel: +44 (0) 20 7389 0655 www.sovgem.com |
| NOMAD Smith & Williamson Corporate Finance Limited Azhic Basirov/Joanne Royden-Turner corpfinance@smith.williamson.co.uk |
Tel: +44 (0) 20 7131 4000 www.smith.williamson.co.uk |
| Broker Hanson Westhouse Limited Tim Metcalfe / Martin Davison tim.metcalfe@westhousesecurities.com |
Tel: +44 (0) 20 7601 6100 www.westhousesecurities.com |
| Media enquries: Abchurch Communications Limited Quincy Allan / Jack Ballantyne jack.ballantyne@abchurch-group.com |
Tel: +44 (0) 20 7398 7714 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