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KSK Emrg India Energ (KEF)

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Thursday 23 October, 2008

KSK Emrg India Energ

Share Buy Back

RNS Number : 5450G
KSK Emerging India Energy Fund Ltd
23 October 2008
 



Not for release, publication or distribution in, or into, the United States, Canada, Australia, Japan, Israel, the Republic of Ireland or the Republic of South Africa.


Press Release

23 October 2008


KSK Emerging India Energy Fund Limited


('KEF' or 'the Company')


Purchase of Shares


KSK Emerging India Energy Fund Limited (AIM:KEF) announces that it has today purchased a further 250,000 ordinary shares of nil par value each in KEF at 79.25p per share. The Investment Manager believes that purchasing shares at a discount to NAV will enhance returns to shareholders.


Purchased shares will be held in treasury by the Company and will not carry voting or dividend distribution rights.


Following this transaction, the number of ordinary shares in issue less purchased shares held in treasury is 94,500,000 and therefore the total number of voting rights in the Company is 94,500,000.


The Company currently holds a total of 6,500,000 ordinary shares in KEF in treasury.


- Ends -


For further information:

KSK Emerging India Energy Fund Limited


Tanmay Das, Non-Executive Director

Tel: +44 (0) 20 7398 7715


www.ksk-eiefund.com 


Liberum Capital Limited

(Financial Adviser and Broker)


Steve Pearce 

Tel: +44 (0) 20 3100 2224

steve.pearce@liberumcapital.com

www.liberumcapital.com


Grant Thornton UK LLP

(Nominated Adviser)


Philip Secrett

Tel: +44 (0) 20 7728 2578

philip.j.secrett@gtuk.com

www.gtuk.com


Media enquiries:

Abchurch Communications Limited


Henry Harrison-Topham / Nick Probert

Tel: +44 (0) 20 7398 7715

nick.probert@abchurch-group.com 

www.abchurch-group.com


Notes to editors


KSK Emerging India Energy Fund Limited is a Guernsey registered closed ended investment company established to make investments in companies engaged in the Indian power and energy sector. The Company will target investment in businesses that operate across the Indian power and energy sector value chain including those involved in the development of the sector's infrastructure. Although the Company's investments will primarily be focused on such businesses in India, the Company may, if deemed appropriate, invest in companies that are based outside India but have the potential to benefit from the Indian power and energy sector. The Company's objective is to target investment opportunities that have a projected realised IRR in excess of 20 per cent.


Disclaimer


This press release is not for distribution (directly or indirectly) in or to the United States, Canada, Australia, Japan, Israel, the Republic of Ireland or the Republic of South Africa or any other jurisdiction in which the same would be unlawful. This press release is not an offer of securities for sale in or into the United StatesCanadaAustraliaJapanIsrael, the Republic of Ireland or the Republic of South Africa. This press release does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any Ordinary Shares of the Fund.


Interests in the Fund may not be offered directly to members of the public in the Bailiwick of Guernsey. The 'public' means any person not regulated under any of Guernsey's financial services regulatory laws within the Bailiwick of Guernsey.


Some of the information contained in this press release contains statements that are, or may be deemed to be forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are, by their nature, subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you not to rely on any such statements as statements of historical fact or as guarantees or assurances of future performance. Save as required by law, by the AIM Rules, by the CISX Rules or by the Listing Rules, Disclosure and Transparency Rules or Prospectus Rules of the Financial Services Authority, we undertake no obligation publicly to release the results of any revisions and updates to any forward-looking statements in this press release that may occur due to any change in our expectations or to reflect events or circumstances after the date of this press release.


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