REG-Fidelity Emerging Markets Ltd: Result of Extraordinary General Meeting

Fidelity Emerging MarketsAnnouncement

24/10/2025 12:30

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM, ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE     
                                                          RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION

24 October 2025

For Immediate Release

Fidelity Emerging Markets Limited

Result of Extraordinary General Meeting

Further to the circular to shareholders dated 29 September 2025 (the "        
            Circular                    "), the Board of Fidelity Emerging
Markets Limited (the "                     Company                    ")
announces that at the extraordinary general meeting of the Company which was
held today (the "                     EGM                    "), the special
resolution set out in the notice of EGM (the "                     Resolution 
                  ") was duly passed by shareholders.

By the passing of the Resolution, shareholders have granted the Company the
authority to repurchase           16,441,177 participating redeemable
preference shares of no par value in the capital of the Company           ("  
                  Shares                    ") from Strathclyde Pension Fund
(administered by Glasgow City Council) ("                     Strathclyde     
              ") pursuant to the terms of the Resolution (the "               
     Repurchase                    ").

The Resolution was voted on by way of a poll. Details of the number of votes
cast for, against and withheld in respect of the Resolution are set out in the
table below and will also be published on the Company's website,              
                  
https://investment-trusts.fidelity.co.uk/fidelity-emerging-markets-limited    
                          .

 Resolution                                                               Votes for (including discretionary)        Votes against                   Total votes                                                    Votes            
                                                                                                                                                                                                                     Withheld  (3)   
                                                                          Number              % of shares voted (2)  Number   % of shares voted (2)  Number      Proportion of issued share capital voted  (%) (2)  
 To authorise the Company to repurchase its own Shares from Strathclyde.  48,419,293          99.29                  346,837  0.71                   48,766,130  76.3                                               4,726,426        

 

Notes:
1.            Each holder of Shares present at the EGM, in person or by proxy,
was entitled to one vote per Share held at the voting record time, being 6.00
p.m. on 22 October 2025 (the "                       Record Time              
       "). The holder of the Founder Shares was entitled to one vote in
aggregate. At the Record Time, the Company's issued share capital comprised
77,135,616 Shares and 1,000 Founder Shares, of which 13,225,940 Shares were
held in treasury. Therefore, the total number of voting rights in the Company
as at the Record Time was 63,909,677.          
2.            Rounded to two decimal places.          
3.            A "Vote withheld" is not a vote in law and is not counted in the
calculation of the percentage of shares voted "For" or "Against" the
Resolution or in the calculation of the proportion of issued share capital
voted.
The Repurchase will be carried out pursuant to the terms of           the
repurchase agreement between the Company and Strathclyde as more fully
described in the           Circular.

A further announcement will be made upon the Repurchase taking effect.

A copy of the Circular is available for viewing at the National Storage
Mechanism                                 
https://data.fca.org.uk/#/nsm/nationalstoragemechanism                        
       and on the Company's website,                                 
https://investment-trusts.fidelity.co.uk/fidelity-emerging-markets-limited    
                          .

A copy of the Resolution passed at the EGM will be submitted to the National
Storage Mechanism and will shortly be available for inspection at             
                    https://data.fca.org.uk/#/nsm/nationalstoragemechanism    
                          .

Enquiries:

 Fidelity Emerging Markets Limited   Heather Manners  (Chair)                           via FIL Investments                       
                                                                                                                                  
 FIL Investments International (Manager and Company Secretary)   George Bayer           + 44 (0)20 7961 4240                      
                                                                                                                                  
 Dickson Minto Advisers LLP (Financial Adviser)   Douglas Armstrong  Belinda Beresford  +44 (0)20 7649 6823  +44 (0)20 7649 6948  
                                                                                                                                  
 Jefferies International Limited (Broker)   Gaudi Le Roux                               +44 (0)20 7029 8000                       

 

Legal Entity Identifier (LEI): 213800HWWQPUJ4K1GS84



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