Investment Manager

RNS Number : 7556K

Qatar Investment Fund PLC

28 August 2012

 



28 August 2012

Qatar Investment Fund PLC ("QIF" or the "Company")

Investment Manager

Shareholders will be aware that in September 2011 the Board of the Company announced that it and its wholly owned subsidiary Epicure Qatar Opportunities Holdings Limited ("EQOH") had given precautionary notice to its investment manager Epicure Managers Qatar Limited ("EMQL"), a wholly owned subsidiary of Qatar Insurance Company S.A.Q., of the termination of the Management Agreement. The termination will take effect on 1 November 2012 and the purpose of the Board was to reduce the costs to the Company in the eventuality of shareholders voting for a discontinuation at the forthcoming Annual General Meeting.

The Board is pleased to announce that it has reached in principle agreement with EMQL to enter into a new investment management agreement for a fixed one year period from the date of termination of the existing investment management agreement with the same fee arrangements as exist currently, subject to the outcome of the forthcoming discontinuation vote, agreeing the necessary terms and legal documentation, and obtaining any regulatory or other approvals as required.

For further information:

Qatar Investment Fund Plc [phone]

David von Simson

Panmure Gordon [phone]

Richard Gray/Andrew Potts

Oriel Securities [phone]

Joe Winkley/Neil Winward        

Maitland [phone]

William Clutterbuck/Sam Turvey

Galileo Fund Services Limited [phone]

Ian Dungate / Suzanne Jones      

 

END

 

 

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