Update on the Manager

RNS Number : 7431S

Aurora Russia Limited

24 November 2011

 



24 November 2011

Aurora Russia Limited

                                                Update on the Manager

Aurora Russia Limited (the "Company") announces that it has received notification from Aurora Investment Advisors Limited (the "Manager") that James Cook has left the Manager. An agreement has been reached whereby James has sold his stake in the Manager to other members of the Manager. Michael Hough, who to date has been a Non-Executive Director of the Manager, has agreed to take an executive role in the Manager alongside John McRoberts, Andrey Gurin and Mikhail Shorokhov. The Manager will continue to work on the Company's clear exit strategy for its investments and on focusing on realising value for shareholders

For further information please contact:

Aurora Russia

Geoff Miller                                          [phone]

Aurora Investment Advisors

Chris Hickling                                      [phone]

Numis Securities

Hugh Jonathan

Nominated Adviser                              [phone]

Rupert Krefting / Nathan Brown

Corporate Broking                               [phone]/1426

FTI Consulting

Ed Gascoigne-Pees                           [phone]

Jack Hickey                                         [phone]

 

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