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Ashoka Whiteoak Emerging Markets Trust Plc ( (GB:AWEM) ) just unveiled an update.
Ashoka WhiteOak Emerging Markets Trust plc has announced the issuance of 250,000 new ordinary shares at a price of 149.1 pence per share, which is above the current net asset value per share. This issuance increases the company’s total share capital to 39,114,329 ordinary shares, which will be used by shareholders to assess their holdings under the Financial Conduct Authority’s rules. The move reflects the company’s strategy to strengthen its capital base and potentially enhance its market position.
More about Ashoka Whiteoak Emerging Markets Trust Plc
Average Trading Volume: 71,623
Technical Sentiment Signal: Buy
Current Market Cap: £65.58M
Learn more about AWEM stock on TipRanks’ Stock Analysis page.