Interactive Investor

Ashoka WhiteOak Emerging Markets Trust plc Share Offer

This offer is now closed for applications through interactive investor

Result of Initial Public Offering

  • The Issue Price has been set at 100 pence per Ordinary Share.
  • Ashoka WhiteOak Emerging Markets Trust plc (AWEM) has successfully raised gross proceeds of £30.5 million through its initial placing, offer for subscription and intermediaries offer.

  • Application has been made for 30,532,279 Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.

  • Allocations have been met in full, meaning customers will receive 100% of the amount they applied for.

  • Share allocations are being credited today (Friday 28 April 2021). Confirmation of allocations will be sent once the shares are showing on accounts.

  • Please note the allocation policy was set by AWEM and not Interactive Investor.

Offer period

  • The Offer Period for the Ashoka WhiteOak Emerging Markets Trust plc Share Offer closed at 9am on Friday 28 April 2023.

Trading starts

  • Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Wednesday 3 May 2023. There is no conditional dealing period.
  • When admitted to trading, the Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BMZR7D1 and trade under the symbol "AWEM".
  • If you buy or sell Ashoka WhiteOak Emerging Markets Trust plc Shares after admission the relevant share dealing rate will apply.

Martin Shenfield, Non-Executive Chairman of Ashoka WhiteOak Emerging Markets Trust plc, said:

"The investment companies IPO market has been dormant since late 2021 and as such we are pleased to introduce the first listed equities-focused investment trust in almost five years to the premium segment of the main market of the London Stock Exchange. We believe this was only achievable with a world class Investment Adviser in WhiteOak, in addition to AWEM's innovative and shareholder friendly fee structure and differentiated investment approach. The Board looks forward to working constructively with the WhiteOak team to deliver returns to our shareholders and materially scaling the Company."

Key information

Issue price per share:100 pence
Minimum investment:£1,000 (multiples of £1 thereafter)
Stock ticker:AWEM

Expected timetable

Offer open:18 April 2023
Offer close:28 April 2023 (9am)
Result announced:28 April 2023
Unconditional dealing starts:3 May 2023 (8am)

This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Intermediaries Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.

Interactive Investor Services Limited uses the Ashoka WhiteOak Emerging Markets Trust plc Prospectus in accordance with the Company's consent and the conditions set out in the Ashoka WhiteOak Emerging Markets Trust plc Prospectus.

Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.

"Ashoka WhiteOak Emerging Markets Trust plc" and the Ashoka WhiteOak Emerging Markets Trust plc logo are reproduced by kind permission of Ashoka WhiteOak Emerging Markets Trust plc. All rights reserved.

This announcement has been published by Interactive Investor Services Limited.

This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.