Miscellaneous

RNS Number : 1216G

India Capital Growth Fund Limited

26 January 2010

 



26 January 2010

INDIA CAPITAL GROWTH FUND LIMITED ("ICGF" or the "Company")

The Company has been informed today that on 25 January 2010, the Manager, India Investment Partners Limited ("IIP") granted an option over 301,507 shares in ICGF beneficially owned by IIP to David Cornell, who has recently been appointed by IIP to manage the assets of ICGF. This option is exercisable in normal circumstances between three and five years after the date of grant at an exercise price of 49.75 pence per share being the closing mid-market price on the date of grant, and conditional, inter alia, on him remaining employed by IIP at the date of exercise.

The Net Asset Value of the Company as at 31 December 2009 was published on 7 January 2010. The Company, its Directors and the Manager have each confirmed that at the date of the grant of the above option none was in possession of unpublished price sensitive information.

Enquiries:

India Capital Growth Fund Limited

Northern Trust International Fund Administration Services (Guernsey) Limited - Secretary

Andrew Maiden                              [phone]        [e-mail]

India Investment Partners Limited - Manager

Jeremy Pratt                                   [phone]

Arbuthnot Securities Limited - NOMAD

Alastair Moreton, Hannah Pearce    [phone]

 

END

 

 

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