Update re. Investment Manager (0337H)
23 Mai 2011 - 8:00AM
UK Regulatory
TIDMDHIR
RNS Number : 0337H
Dhir India Investments plc
23 May 2011
Dhir India Investments plc (the "Company")
Update re Investment Manager
Dhir India Investments plc announces that its Board is reviewing
the form and terms of the provision of investment management
services to the Company as part of the Board's strategy to seek to
accelerate the process of realising the Company's investments with
a view to maximising returns to shareholders.
Under the terms of the Management Agreement dated 6 July 2007
between the Company and its Investment Manager, Shiva Consultants
Private Limited ("Shiva"), the Company is entitled to terminate the
Management Agreement by serving 12 months' notice.
With effect from 20 May 2011, the Board has served 12 months'
notice of termination to Shiva, who will remain the Company's
Investment Manager until 19 May 2012. Shiva will continue to have
the full support of the Board in implementing their strategy
throughout this period.
A further update regarding future strategy and investment
management arrangements will be provided in due course.
23 May 2011
For further information, please contact:
Dhir India Investments Evolution Securities Tavistock Communications
plc
Charlie Hambro Jeremy Ellis Jeremy Carey
Chris Clarke Simon Hudson
Tel: +44 (0)7776 Tel: +44 (0)20 7071 Tel: +44 (0)20 7920
196674 4300 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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