Change of Adviser
28 Julio 2010 - 1:01AM
UK Regulatory
TIDMHYF
RNS Number : 0160Q
Himalayan Fund N.V.
28 July 2010
28 July 2010
Himalayan Fund N.V.
"Himalayan" or "the Company"
The Board of Himalayan Fund N.V. is pleased to announce the appointment of Arden
Partners plc as broker to the Company with immediate effect.
Enquiries
Himalayan Fund N.V.
Ian McEvatt
Tel: +44 (0)1534 702872
Arden Partners plc
Fred Walsh / Matthew Armitt
Tel: +44 (0)20 76145917
Notes to Editors:
Himalayan Fund N.V. ('the Company') is an investment company with variable
capital incorporated under Dutch law and has its registered office in Amsterdam.
The Company benefits from a double tax treaty between India and the Netherlands
and is a distributing fund in the UK. Its Ordinary Shares have been listed on
the London Stock Exchange since 1990.
The principal objective of the Company is long term capital appreciation for
shareholders from investing in Indian listed stocks utilising the benefits of
the tax treaty between India and the Netherlands to maximise the ultimate return
to investors. Currently the portfolio is wholly invested in India and its
investments are held directly at its custodian in Mumbai. The Company may also
invest in Global Depositary Receipts and Equity Linked Notes of Indian companies
which are issued by banks and traded outside India. From time to time the
Company may also invest in Sri Lanka and Bangladesh but this discretion is not
currently used. Any balance may be invested in Nepal and Bhutan if opportunities
arise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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