Change of Registered Office

RNS Number : 5309O

Hermes Pacific Investments PLC

12 October 2012

 



HERMES PACIFIC INVESTMENTS PLC

(AIM: HPAC)

Change of Registered Office

Hermes Pacific Investments Plc ("HPAC" or "the Company") announces that it has changed its registered office to Gordons Partnership LLP, 22 Great James Street, London WC1N 3ES.

Contacts
Hermes Pacific Investments Plc
Haresh Kanabar, Non-Executive Chairman	Tel:  +44 (0)  207 290 3340
WH Ireland Limited (Nominated Adviser & Broker)
Marc Davies/ Mike Coe	Tel: [phone]

Note to Editors:

The Company's investment policy was approved by shareholders at a general meeting of the Company held on 20 August 2012.   The proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition of an equity interest; may be in companies, partnerships, joint ventures; or direct interests in projects in South East Asia including, but not limited to, investments in the financial sector. The Company's equity interest in a proposed investment may range from a minority position to 100 per cent. ownership.

The Company will identify and assess potential investment targets and where it believes   further investigation is required and subject to assessment of potential risk, intends to appoint appropriately qualified advisers to assist.

The Company proposes to carry out a project review process in which all material aspects of any potential investment will be subject to due diligence, as considered appropriate by the Board. It is likely that the Company's financial resources will be invested in a small number of projects  or  potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules.

Where this is the case, it is intended to mitigate risk by undertaking an appropriate due diligence process. Any transaction constituting a reverse takeover under the AIM Rules will require Shareholder approval. The possibility of building a broader portfolio of investment assets has not, however, been excluded.

The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends. Given the nature of the Company's Investment Policy, the Company does not intend to make regular periodic disclosures or calculations of net asset value.

 

END

 

 

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