India Capital Growth Fund Limited Share Buy Back Authority (1201P)
14 Octubre 2021 - 6:07AM
UK Regulatory
TIDMIGC
RNS Number : 1201P
India Capital Growth Fund Limited
14 October 2021
INDIA CAPITAL GROWTH FUND LIMITED
LEI: 213800TPOS9AM7INH846
Share buyback authority
The Board is pleased to see the discount at which the Company's
shares trade to NAV has reduced as the Company approaches the First
Redemption Point. The introduction of the Redemption Facility was
in part intended to deliver a share price more closely reflective
of the prospects and underlying value of the Company. The Board
will nevertheless continue to monitor the share price both in the
run-up to the First Redemption Point and thereafter and will
consider using the available share buyback authority where it
believes the discount is inappropriately wide save in more volatile
market conditions.
Capitalised terms in this announcement have the same meaning as
given in the EGM Circular to Shareholders dated 26 May 2020, which
is available on the Company's website at:
www.indiacapitalgrowth.com.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 as it forms part of
UK Domestic Law by virtue of the European Union (Withdrawal) Act
2018.
Ends
ENQUIRIES
David Cornell
Ocean Dial Asset Management
+44 20 7068 9870
david.cornell@oceandial.com
Robert Finlay/Rose Ramsden
Shore Capital
+44 20 7408 4090
Nick Robilliard
Apex Fund and Corporate Services (Guernsey) Limited
+44 20 3530 3668
nick.robilliard@apexfs.com
About India Capital Growth Fund
India Capital Growth Fund Limited the LSE premium listed
investment company registered and incorporated in Guernsey, was
established to take advantage of long-term investment opportunities
in companies based in India. ICGF predominantly invests in listed
mid and small cap companies, although investments may also be made
in large cap and private Indian companies where the Fund Manager
believes long-term capital appreciation will be achieved.
www.indiacapitalgrowth.com
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END
POSFLFILISLSLIL
(END) Dow Jones Newswires
October 14, 2021 07:07 ET (11:07 GMT)
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