Directors' and Managers' Shareholdings

RNS Number : 8567G

India Capital Growth Fund Limited

10 August 2016

 

10 August 2016

INDIA CAPITAL GROWTH FUND LIMITED

(the "Company" or "ICGF")

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

Directors' and Managers' Shareholdings

India Capital Growth Fund Limited announces that on 9 August 2016, it was informed that Robin Sellers, a director of the investment manager to the Company, purchased 33,750 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") for 70 pence per Ordinary Share on that day.  Following the transaction, Mr Sellers holds 60,000 Ordinary Shares, which constitutes 0.05 per cent. of the enlarged issued share capital of the Company.

Following the exercise of the outstanding Subscription Share Rights (the "Rump"), as announced on 9 August 2016, the directors of the Company now hold the following interests in the enlarged issued share capital of Company:

Director	Number of Ordinary Shares prior to exercise of the Rump	Percentage of issued share capital	Ordinary shareholding after exercise of the Rump	Percentage of enlarged issued share capital*
Fred Carr	150,000	0.14%	150,000	0.13%
Peter Niven	37,500	0.03%	37,500	0.03%
John Whittle	30,000	0.03%	30,000	0.03%

Following the exercise of the Rump and the purchase by Robin Sellers referred to above, certain directors and controlling shareholders of the investment manager now hold the following interests in the enlarged share capital of the Company.

Investment Manager Directors and Controlling Shareholders	Number of Ordinary Shares prior to exercise of the Rump	Percentage of issued share capital	Ordinary shareholding after exercise of the Rump/ purchase	Percentage of enlarged issued share capital*
David Cornell	280,345	0.26%	280,345	0.25%
Robin Sellers	26,250	0.02%	60,000	0.05%
Raju Shukla	344,828	0.31%	344,828	0.31%

*Based upon 112,502,173 Ordinary Shares in issue.

Enquiries

Ocean Dial Asset Management Limited (Investment Manager)

Robin Sellers / David Cornell

020 7068 9870

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / Jen Clarke

020 7383 5100

Numis Securities Limited (Broker)

Nathan Brown / Hugh Jonathan, Corporate Broking and Advisory

Chris Gook / David Luck, Sales

020 7260 1000

Apex Fund Services (Guernsey) Limited (Administrator)

Stephen Cuddihee

01481 706999

The information set out below is provided in accordance with the requirements of Article 19(3) of the Market Abuse Regulation (EU) No 596/2014.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    Fred Carr 2.    Peter Niven 3.    John Whittle
2	Reason for the notification
a)	Position/status	1.    Director 2.    Director 3.    Director
b)	Initial notification /Amendment	1.    Initial notification 2.    Initial notification 3.    Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	India Capital Growth Fund Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 1 pence each ISIN: GB00B0P8RJ60
b)	Nature of the transaction	Acquisition of ordinary shares following exercise of subscription share rights
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.    61p 20,000 2.    61p 12,500 3.    61p 10,000
d)	Aggregated information - Aggregated volume - Aggregated Price	1.    Aggregated Volume: 20,000 ordinary shares Aggregated Price: £12,200 2.    Aggregated Volume: 12,500 ordinary shares Aggregated Price: £7,625 3.    Aggregated Volume: 10,000 ordinary shares Aggregated Price: £6,100
e)	Date of the transaction	1.    8 August 2016 2.    8 August 2016 3.    8 August 2016
f)	Place of the transaction	AIM London

 

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