Termination of Investment Adv

RNS Number : 0497L

Infrastructure India plc

29 April 2010

 



Date:	29 April 2010
On behalf of:	Infrastructure India plc
	For Immediate Release

Infrastructure India plc

Termination of Investment Adviser Agreement

On 15 April 2010, Infrastructure India plc ("Infrastructure India" or "the Company"), the investment company focusing on Indian infrastructure assets, announced that Infrastructure India HoldCo ("IIH"), a subsidiary of Infrastructure India, served notice on Bloomsbury Asset Management Advisors ("BAMA") to terminate the Investment Adviser Agreement dated 23 June 2008 ("the Agreement") made between IIH and BAMA.  The contractual notice period has now expired and the Agreement has terminated.  Under the terms of the Agreement, BAMA provided investment advisory services to IIH and its subsidiaries. 

As previously advised, the Company does not intend to replace BAMA as Investment Adviser but instead will rely on its own internal resources and the continued services of its Asset Advisor, Akur Partners LLP ("Akur").  Akur was appointed in November 2009 to ensure the Company has access to services equivalent to those contained in the Agreement with the exception of responsibilities for deal origination and realisations which will be undertaken by the board of Infrastructure India HoldCo. 

-Ends-

Enquiries:

Infrastructure India plc	www.iiplc.com
Rupert Cottrell	Via Redleaf Communications
Akur Partners LLP	020 7955 1513
Andrew Dawber / Anthony Richardson / Thomas Frost
Smith & Williamson	020 7131 4000
Azhic Basirov / Siobhan Sergeant
Redleaf Communications	020 7566 6700
Emma Kane / Adam Leviton / Henry Columbine	[e-mail]

 

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