EIH PLC Return of Capital and COVID-19 Update (6541I)
02 April 2020 - 6:38PM
UK Regulatory
TIDMEIH
RNS Number : 6541I
EIH PLC
02 April 2020
EIH plc ("EIH" or the "Company")
Return of Capital and COVID-19 update
The Board of Directors of EIH is pleased to announce, that
following the receipt of a distribution from Evolvence India Fund
("EIF") of US$ 1.3 million, the Board has resolved to make a
capital distribution of US$0.02 per share, equivalent to
approximately US$ 1.29 million, to shareholders (the
"Distribution").
It is intended that the Distribution will be paid on 24 April
2020 to shareholders recorded on the register at the close of
business on 14 April 2020. The shares will be marked ex on 9 April
2020.
The Board of Directors of EIH are closely monitoring the
Coronavirus (COVID-19) situation in India and while they remain
confident that further realisations from the underlying portfolio
of the Company's limited partnership interest in the Evolvence
India Fund PCC ("EIF") will be achieved, there is now a
considerably higher level of uncertainty as to both the value of
the remaining assets to be realised and the timing of distributions
to Shareholders.
For further information, please contact:
EIH plc
Rhys Davies
Tel: +41 (0) 796200215
N+1 Singer (Nominated Adviser)
James Maxwell
+44 (0)20 7496 3000
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END
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