Fidelity Emerging Markets Limited (FEML), a closed-ended investment company focused on emerging markets equities, has announced a corrected transaction in own shares following an earlier disclosure on 11 November 2026. The Board confirmed it repurchased 125,034 ordinary shares for cancellation on that date, at an average price of 1,269.740 pence per share. The buyback reduces the company's issued share capital and total voting rights, figures that shareholders must monitor when calculating disclosure thresholds under FCA transparency rules.

Key Points

  • Fidelity Emerging Markets Limited (FEML) — closed-ended emerging markets investment trust
  • 125,034 shares repurchased for cancellation on 11 November 2026, correcting an earlier announcement made at 18:02:00 that day
  • Average price paid: 1,269.740p; range 1,266.000p to 1,272.000p; total voting rights now 37,086,102
  • Investors should watch for further buyback activity and any change to the treasury share position or voting rights denominator

FEML Buyback Terms: 125,034 Shares Cancelled at Prices Between 1,266p and 1,272p

The announcement states that Fidelity Emerging Markets Limited repurchased 125,034 shares on 11 November 2026, with the average price paid standing at 1,269.740 pence per share. The lowest price paid during the transaction was 1,266.000 pence and the highest was 1,272.000 pence. All shares acquired were repurchased for cancellation rather than held in treasury, directly reducing the company's issued share capital. This distinction is relevant to investors monitoring the proportion of shares outstanding and assessing the ongoing discount-management strategy employed by the Board through periodic market repurchases.

Post-Transaction Capital Structure: Issued Share Capital Falls to 46,112,041 Shares

Following the repurchase, the announcement confirms that Fidelity Emerging Markets Limited's issued share capital stands at 46,112,041 shares. The company holds 9,025,940 shares in treasury, which carry no voting rights under applicable regulations. The resulting total voting rights figure is 37,086,102. The company notes that this voting rights denominator is the reference figure shareholders must use when calculating whether they are obliged to notify their interest, or a change in their interest, in the company under the FCA's Disclosure Guidance and Transparency Rules, making accuracy in this figure particularly important for institutional investors.

Correction to Earlier 11 November 2026 Announcement and Its Significance for Disclosure

This release is explicitly labelled as a correction to an announcement originally made at 18:02:00 on 11 November 2026. The announcement does not specify the nature of the error in the earlier disclosure; investors requiring clarification on what was amended should refer directly to both filings. The correction underscores the importance of relying on the most recent regulatory notice when calculating shareholding thresholds. The company's contact for this announcement is Gemma Berry, acting for and on behalf of FIL Investments International in the capacity of Company Secretary, reachable on +44 (0) 20 7961 4708.