Directorate Change

RNS Number : 2109M

India Capital Growth Fund Limited

11 August 2011

 



11 August 2011

India Capital Growth Fund Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the Laws of Guernsey with registered number 43916)

Board changes

The Company is pleased to announce the appointment of Mr Peter Niven to the Board as a non-executive director with effect from 11 August 2011.

Peter Niven (57) is a resident of Guernsey.  He has over 35 years' experience in the financial services industry both in the UK and offshore.  He was a senior executive in the Lloyds TSB Group until his retirement in 2004 and, since then, has been the Chief Executive of Guernsey Finance LBG, promoting the island as a financial services destination.  He is a director of Resolution Limited and serves on the boards of a number of London-listed investment funds.  He is a Fellow of the Chartered Institute of Bankers and a Chartered Director.

Robin Nicholson has resigned from the Board of the Company also with effect from 11 August 2011 as a result of increasing pressures from other commitments.  He has been a director of the Company since its launch in December 2005 and acted as Chairman in 2009 following the untimely death of Micky Ingall.  The Board is most grateful to him for his contribution.

Enquiries:

Fred Carr, Chairman

[phone]

Andrew Maiden

Northern Trust International Fund Administration Services (Guernsey) Limited, Company Secretary

[phone]

Philip Secrett/Jen Hatter

Grant Thornton UK LLP, NOMAD

[phone]

APPENDIX

The following information is disclosed in accordance with Rule 17 and Schedule Two, paragraph (g) of the AIM Rules:

Peter Niven

Current Directorships (other than the Company) - incorporated in Guernsey unless otherwise stated:

ABTA Insurance PCC Limited

Bramshott General Partner Inc.   (Incorporated in Delaware, USA)

Close European Accelerated Fund Limited

Dexion Trading Limited

Equinox Russian Opportunities Fund Limited

F&C Commercial Property Holdings Limited

F&C Commercial Property Finance Limited

F&C Commercial Property Trust Limited

FCPT Holdings Limited

Guernsey Portfolios PCC Limited

PSource Structured Debt Limited

PSD SPV2 Inc.   (Incorporated in the Cayman Islands)

Resolution Limited

Resolution Holdings (Guernsey) Limited

Saltus (Channel Islands) Limited

SCP Estate Holdings Limited

SCP Estate Limited

Thorntonhall Limited

Other directorships held within the past 5 years:

ABTA (Guernsey) Limited

Investec Capital Accumulator Trust Limited

Phaunos Timber Fund Limited

Jaguar Capital Guernsey Limited

There is no further information to be disclosed under Schedule Two, paragraph (g) of the AIM Rules.

 

END

 

 

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