Notice of Termination

RNS Number : 8695R

Aurora Russia Limited

31 October 2013

 



Aurora Russia Limited (the "Company")

Notice of Termination

31 October 2013

The Board of Aurora Russia Limited ('ARL') announces that, by mutual agreement with Aurora Investment Advisers Limited ('AIAL'), the Management Agreement between ARL and AIAL has been placed on six months' Notice of Termination following the successful realization of OSG. The Agreement will remain in full force and effect until 30th April 2014, at which point it will terminate without cost to ARL shareholders unless varied or extended by mutual agreement. Given this mutual agreement of termination, the Board has entered talks with other prospective managers for ARL's remaining investments.

For further information please contact:

Numis Securities Limited

Nominated Adviser: Hugh Jonathan [phone]

Corporate Broking: Rupert Krefting / Nathan Brown [phone]/1426

FTI Consulting

Paul Marriott [phone]

Jack Hickey [phone]

 

END

 

 

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