Fidelity China Special Situations PLC – C Share issue

By ADRIAN LOWCOCK 10/12/2010

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The Board of Fidelity China Special Situations has announced it is looking to increase the number of the Company’s shares in issue, subject to Shareholder approval, through a public issue of C Shares. Priority will be given to existing shareholders as part of an open offer, offer for subscription and placing.

The C Shares will be issued with an issue price of 100p and will convert into Ordinary Shares of the Company. The number of ordinary shares arising on the conversion of the C Shares will be determined on the basis of the respective net asset values of each share class on the conversion day, expected to be Friday 25^th February.

• 30^thDecember 2010 - Record date, the date at which a list of the holders is obtained from the register that are eligible to participate in open offer.
• 7^th January 2011 - Prospectus publication date; open offer and offer for subscription open.
• 11^th February 2011 - General meeting of the shareholders to approve the proposals.
• 15^th February 2011 - Last date for receipt of applications under open offer and offer for subscription.
• 18^th February 2011 - Board meeting to agree allotment of C shares.
• 18^th February 2011 - Announcement of results of the open offer, offer for subscription and placing.
• 25^th February 2011 - C share admission to London Stock Exchange.
• 25^th February 2011 - C shares convert into new ordinary shares.

^*Subject to approval by the UK Listing Authority

Please call our Investment Professionals on 020 7189 9999 if you have any questions or would like to discuss further.

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Source: Financial Express