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Dhir India Inv. plc (DHIR)

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Friday 28 August, 2009

Dhir India Inv. plc

Disclosures

RNS Number : 2432Y
Dhir India Investments plc
28 August 2009
 




DHIR INDIA INVESTMENTS PLC

("Dhir India" or the "Company")


Dhir India (AIM: DHIR), the first UK quoted company established to invest in the US$50 billion Indian non-performing assets sector, confirms the following disclosures pursuant to paragraphs 3.3 and 4.2 of the AIM Note for Investing Companies.


DISCLOSURES


For the purposes of paragraph 3.3 of the AIM Note for Investing Companies, the nature of the relationship between the board of directors of the Company and the Company's Investment Manager, Shiva Consultants Private Limited, was disclosed in the Company's admission document dated 6 July 2007, a copy of which can be found on the Company's website (the "Admission Document"). 


The information required by paragraph 4.2 of the AIM Note for Investing Companies was also disclosed in the Admission Document. With regards to the management fee arrangements, the Manager has agreed to a reduction of the Management Fee from 2 per cent. to 1.5 per cent. per annum of the Company's NAV commencing from the second anniversary of Admission up to and including the third anniversary of Admission.  It is the Company's policy to notify its NAV and other key financial data twice a year (in its half yearly and final results).


28th August 2009


Enquiries: 


Evolution Securities (NOMAD to the Company)          Tel: 020 7071 4300

Jeremy Ellis / Chris Clarke 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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