Fidelity Emerging Markets Limited (FEML), a closed-ended investment company providing exposure to emerging market equities, has announced the repurchase and cancellation of 27,000 ordinary shares on 12 November 2026. The shares were bought back at an average price of 1,223.110p, with prices ranging from 1,222.000p to 1,226.000p per share. Following the transaction, the company's total voting rights stand at 37,059,102, a figure shareholders may use as the denominator when calculating disclosure obligations under FCA transparency rules.

Key Points

  • Fidelity Emerging Markets Limited (FEML) — closed-ended emerging market investment company managed by FIL Investments International
  • The company repurchased 27,000 shares for cancellation on 12 November 2026
  • Average buyback price was 1,223.110p; issued share capital now stands at 46,085,041 shares, with 9,025,940 held in treasury
  • Investors should watch for further buyback activity and any movement in the discount to net asset value

FEML Cancels 27,000 Shares in 12 November 2026 Buyback Transaction

The board of Fidelity Emerging Markets Limited confirmed that 27,000 ordinary shares were repurchased and cancelled on 12 November 2026. The average price paid was 1,223.110p per share, with the lowest price recorded at 1,222.000p and the highest at 1,226.000p. Share repurchases and cancellations of this type are a common capital management tool for closed-ended investment companies, often used to help manage any discount between the prevailing market price and the underlying net asset value of the portfolio, though the company did not state the specific rationale in this announcement.

Post-Transaction Share Capital and Voting Rights Position for FEML

Following the cancellation, Fidelity Emerging Markets Limited's issued share capital totals 46,085,041 shares, of which 9,025,940 are held in treasury and carry no voting rights. The resulting total voting rights figure is 37,059,102. The announcement notes that shareholders should use this voting rights figure as the denominator when calculating whether they are required to notify the FCA of an interest in, or a change to their interest in, the company under the Disclosure Guidance and Transparency Rules — a standard regulatory requirement for UK-listed investment vehicles.

FIL Investments International Acts as Manager for Emerging Markets Strategy

Fidelity Emerging Markets Limited is managed by FIL Investments International, part of the wider Fidelity International group. The company invests across emerging market equities, offering investors exposure to a broad range of developing economies through a single closed-ended structure listed in London. The company secretary contact for this transaction was Gemma Berry, acting on behalf of FIL Investments International. As an emerging markets-focused vehicle, FEML carries sector-specific risks including currency volatility, geopolitical exposure, and liquidity constraints inherent to developing market equities.