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BEE performance fee removed

06 April 2016 09:13

Baring Emerging Europe has reached an agreement with Baring Fund Managers Limited to remove the performance fee payable with effect from 31 March 2016.

Under the previous arrangement Barings was entitled to a performance fee payable at the rate of 10% of the amount by which the change in the company's net asset value per share (on a total return basis) exceeded the benchmark index with any underperformance being recovered before any fee was payable.

At 9:13am: (LON:BEE) Baring Emerging Europe Plc share price was +12p at 519p

Story provided by StockMarketWire.com

Related Company: BEE

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