CCAP.L Regulatory News (CCAP)

20 Oct 2006 07:00

Charlemagne Capital Limited20 October 2006 20 October 2006 Purchase of own shares for cancellation Charlemagne Capital Limited ("Charlemagne", the "Company") announces that onThursday 19 October 2006 it purchased and cancelled 500,000 Ordinary Shares ofUS$0.01 each in the Company through UBS Limited at a price, before expenses, of61 pence each. As a result of these purchases and cancellations, Charlemagne will have294,461,772 Ordinary Shares of US$0.01 each in issue. At its Annual General Meeting held on 22 May 2006, Charlemagne was authorised byits shareholders to purchase up 29,771,177 of its ordinary shares (representing10% of its issued capital at that time) subject to certain conditions asoutlined in the resolution. Since that date a total of 3,250,000 ordinary shareshave been purchased and cancelled. Enquiries Charlemagne Capital 01624 640200David McMahon, Company Secretary Smithfield Consultants 020 7360 4900John KielyGeorge Hudson Notes to editors Charlemagne Capital is a specialist emerging markets equity investmentmanagement group. Charlemagne Capital Limited was admitted to the AIM market ofthe London Stock Exchange on 4 April 2006. Charlemagne's product range comprises mutual funds, hedge funds andinstitutional and specialist fund products primarily covering GEMs, EasternEurope, Latin America and Asia. Charlemagne Capital employs a range ofinvestment strategies including: long only, long/short, structured products andprivate equity. Charlemagne Capital's funds aim to exploit the inefficiencies inthe market via a strict bottom up approach and focused stock selection. Through the strong long-term investment performance track record of itsprincipal funds, Charlemagne Capital has established itself as a market leaderin emerging markets investment management. Its performance has been recognisedthrough numerous awards and top rankings for its funds, including the 2005Standard and Poor's 5-year best performing fund award in Austria, the 2006 SwissLipper Leaders 5-year award winner for Emerging Markets Europe and an AAA-ratingby Standard & Poor's for its Magna Eastern European Fund (a sub-fund of MagnaUmbrella Fund Plc). This information is provided by RNS The company news service from the London Stock Exchange