Reduction of the share premium account

RNS Number : 4456J

Ashoka India Equity Investment Tst

04 December 2018

 

Ashoka India Equity Investment Trust plc (the "Company")

Reduction of the share premium account

As stated in the Company's prospectus dated 19 June 2018, the Company had resolved that, conditional upon First Admission and the approval of the Court, the amount standing to the credit of the share premium account of the Company immediately following completion of the First Issue be cancelled and transferred to a special distributable reserve.

The Company is pleased to announce that, following the approval of the Court and the subsequent registration of the Court order with the Registrar of Companies on 4 December 2018, the reduction has now become effective. Accordingly, the amount of £44,275,898.44 previously held in the share premium account has been cancelled and will be transferred to a special distributable reserve.

Given that the Company has issued further shares subsequent to First Admission, there is a balance remaining to the credit of the share premium account following the above cancellation.

LEI: 213800KX5ZS1NGAR2J89

Enquiries:
Maria Matheou / Anthony Lee	020 7653 9690
PraxisIFM Fund Services (UK) Limited

 

END

 

 

DOCDMMGZNDDGRZM