Change in Investment Management Group Structure

RNS Number : 2213C

Symphony International Holdings Ltd

14 October 2015

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

14 October 2015

Change in Structure of the Investment Management Group

Symphony International Holdings Limited ("Symphony", "SIHL" or the "Company") (LSE: SIHL.L), today announces that its Board has authorised a change in the investment manager of the Company from Symphony Investment Managers Limited ("SIMgL") to Symphony Asia Holdings Pte. Ltd. ("SAHPL").  This change is in response to SAHPL being granted a Capital Markets Services Licence by the Monetary Authority of Singapore ("MAS") to conduct Fund Management activities for accredited and institutional investors.

With effect from 15 October 2015, SAHPL's role will change from that of being the investment adviser to the sole investment manager of the Company.  The management team responsible for the implementation of the Company's investment strategy and management fees remain unchanged, and there will be no change in the economics and operations of the Company.

For further information:

Anil Thadani                                      [phone]

                                                             [e-mail]

About Symphony International Holdings

Symphony International Holdings (LSE:SIHL) is a London listed strategic investment company that invests in consumer businesses and develops luxury branded real estate, hospitality and healthcare ventures which are principally in Asia. It offers a way for investors to gain exposure to the rising disposable incomes and wealth in fast growing economies. Symphony's objective is to provide superior capital growth by investing in high quality companies and forming long-term business partnerships with talented entrepreneurs. For more information please visit our website at www.symphonyasia.com

No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this Document.

The Company and the Investment Manager are not associated or affiliated with any other fund managers whose names include "Symphony", including, without limitation, Symphony Financial Partners Co., Ltd

End of Announcement

 

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