Fidelity Emerging Markets Limited

The shareholders of Fidelity Emerging Markets approved a special resolution to buy back participating preference shares at an extraordinary general meeting. The resolution was passed with 28,995,971 votes in favour (100.00% of votes cast) and 800 votes against; turnout was 71.26% of the issued share capital entitled to vote. As at the record date there were 49,716,080 issued shares (plus 1,000 founder shares) and 9,025,940 shares held in treasury; the adopted resolution will be submitted to the National Storage Mechanism. » Więcej na de.investing.com

Fidelity Emerging Markets Limited has called an extraordinary general meeting for 28 May 2026 to approve the early renewal of its authority to repurchase shares before the next annual general meeting. The existing authority allowed buybacks of up to 14.99% (6,851,372 shares); 4,285,376 shares (63%) have been repurchased to date, leaving 2,565,996 shares (around 6% of the share capital). The board expects the current authority to be exhausted before the annual meeting; buybacks have been used to reduce short‑term volatility and the discount to net asset value per share. » Więcej na de.investing.com

An extraordinary general meeting voted 99.29% of votes cast in favor of the buyback of 16,441,177 redeemable participating preference shares from the Strathclyde Pension Fund. The resolution received 48,419,293 votes in favor, 346,837 votes against and 4,726,426 abstentions, with a turnout of 76.3%. The buyback will be carried out in accordance with the agreement between Fidelity Emerging Markets and the Strathclyde Pension Fund; a further update will be published when the transaction becomes effective and the transaction documents are available for inspection in the National Storage Mechanism and on the company website. » Więcej na de.investing.com