Ashoka WhiteOak Emerging Markets Trust Plc - Response to Strategic Review announcement by Asia Dragon Trust plc
21 5월 2024 - 5:32PM
UK Regulatory
Ashoka WhiteOak Emerging Markets Trust
Plc - Response to Strategic Review announcement by Asia Dragon
Trust plc
PR Newswire
LONDON, United Kingdom, May 21
21 May 2024
LEI:
254900Z4X5Y7NTODRI75
Ashoka
WhiteOak Emerging Markets Trust plc
(the
`Company' or `AWEM')
Response
to Strategic Review announcement by Asia Dragon Trust
plc
(`Asia
Dragon')
The Board
of AWEM notes the announcement released today by Asia Dragon concerning the initiation of a full
strategic review of the future of that company including the
ongoing investment management arrangements.
The Board
is pleased to see proposals will be considered from established
fund management groups with experience of managing equity
strategies similar to that currently pursued by Asia Dragon. Accordingly, AWEM confirms the
Company's intention to participate in the process given the
previously announced attractive proposed transaction with support
in principle from 56 per cent. of Asia
Dragon shareholders.
For
further information:
JTC
Group (Company
Secretary) 020
7409 0181
AWEMT.Cosec@jtcgroup.com
WhiteOak
Capital Partners Pte Ltd. Via
Buchanan
Prashant Khemka
Fadrique
Balmaseda
Ben Hayward
Ellora
Capital Partners (Corporate
Broker) 020
7016 6704
Oliver Kenyon
Priyan
Rayatt
Mark Thompson
Eddie Nissen
Buchanan
(Public
Relations) 020
7466 5000
AWEM@buchanancomms.co.uk
Henry Harrison-Topham
Henry Wilson 07788
528 143
George Beale 07450
295 099
About Ashoka
WhiteOak Emerging Markets Trust plc
Ashoka
WhiteOak Emerging Markets Trust plc (AWEMT) is a UK investment
trust seeking to achieve long-term capital appreciation primarily
through investing in a multi-cap portfolio of equities that provide
exposure to global emerging markets. AWEMT is advised by WhiteOak
Capital Partners Pte. Ltd, founded by Prashant Khemka with leading Emerging Markets
investment experience. WhiteOak Capital Group has delivered an
exceptional track record for its other strategies, and has £6.4
billion in assets under management or advisory. WhiteOak Capital
Group pursues a disciplined research process underpinned by its
proprietary frameworks OpcoFinco™ for
valuation and ABLExTM for
ESG research. While Emerging Markets remain under-researched and
inefficient, AWEMT leverages WhiteOak's investment approach to
capture the higher alpha potential in these markets. There is no
fixed management fee, instead the Investment Manager is remunerated
solely as a function of outperformance over the benchmark and hence
is directly aligned with shareholders' interests.
Ashoka Whiteoak Emerging... (LSE:AWEM)
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