News Releases
News releases 2008
27 October 2008
Notification of Interest
On 24 October 2008 the Company was informed that Ameriprise Financial, Inc and its group, of which Threadneedle Asset Management Holdings Limited is the ultimate intermediate holding company in the UK, has sold 2,275,000 ordinary shares of 0.001 pence in the Company. Ameriprise now has a beneficial interest in 1,519,961 shares (representing 6.67% of the Company's issued share capital).
For further information:
| SovGEM Limited | |
| Hugh de Lusignan, Chief Executive Officer | Tel: +44 (0) 20 7389 0655 |
| hdelusignan@sovereigngroup.com |
| NOMAD & 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 | |
| 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).
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