ADU Advance UK Tst.

 

TIDMADU TIDMIIP 
 
RNS Number : 5905F 
Advance UK Trust PLC 
14 January 2010 
 

Advance UK Trust plc ("Advance UK") requisitioned a meeting of the shareholders 
of Infrastructure India PLC in December 2009. Advance UK's requisition was 
received by Infrastructure India PLC on 14 December 2009. A month later they 
have not sent out any notice of the meeting. What follows is the full text of a 
letter sent to the Infrastructure India PLC today by Advance UK's Manager, 
Progressive European Markets Limited. 
 
The Board of Directors 
Infrastructure India PLC 
IOMA House 
Hope Street 
Douglas 
Isle of Man IM1 1AP 
 
 
14 January 2010 
 
 
 
 
Dear Sirs, 
 
 
INFRASTRUCTURE INDIA PLC (the "Company") 
 
 
A month has elapsed since you received a requisition from our client, Advance UK 
Trust PLC, to convene a meeting at which shareholders in Infrastructure India 
PLC would be able to vote upon changes to the Board of Directors. You will be 
aware that, under the previous Isle of Man Companies Act s113 (3), our client 
would be able to convene the meeting itself after 21 days and, under the UK 
Companies Act 2006 s304 (1), you would be obliged to call the meeting within 21 
days of receiving our client's requisition. It appears however that under the 
Isle of Man Companies Act 2006 our client's best recourse, in the event of your 
failure to convene the shareholder meeting within a reasonable time (which we 
believe you have already failed to do), is to apply to the Court under s70 of 
the 2006 Act asking them to order that the Company holds a meeting to consider 
our client's proposals. 
 
 
We give notice therefore that it is our client's intention to apply to the Isle 
of Man Court unless notice of a meeting to consider our client's proposals is 
published by 12 noon on Tuesday 26 January 2010. 
 
 
We and our client consider your failure to respond to our client's requisition 
in a timely manner supports the case that changes need to be made to the Board. 
 
 
Yours sincerely, 
 
 
James Carthew 
Managing Director 
 
 
END 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRFMGMMVDLGGZM 
 

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