Director/PDMR Shareholding

RNS Number : 7486P

India Capital Growth Fund Limited

04 October 2013

 



India Capital Growth Fund Limited (the "Company")

(a closed-ended investment company incorporated with limited liability under the Laws of Guernsey with registered number 43916)

Dealings by Directors and the Manager

The Company has received notifications of the following dealings in the ordinary shares of £0.01 each ("ordinary shares") of the Company on 3 October 2013 by Directors of the Company (the "Directors") and the Investment Manager to the Company, Ocean Dial Asset Management Limited, and its management (the "Manager").

Directors

·     Mr Fred Carr, the Chairman of the Company, purchased 10,000 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Carr has a beneficial interest in 130,000 shares in the Company (representing 0.17% of the Company's issued ordinary share capital).

·     Mr Peter Niven, a Director, purchased 25,000 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Niven has a beneficial interest in 25,000 shares in the Company (representing 0.03% of the Company's issued ordinary share capital).

·     Mr John Whittle, a Director, purchased 20,000 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Whittle has a beneficial interest in 20,000 shares in the Company (representing 0.03% of the Company's issued ordinary share capital).

Manager

·     Mr David Cornell, the CIO of the Manager, purchased 56,897 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Cornell has a beneficial interest in 186,897 shares in the Company (representing 0.25% of the Company's issued ordinary share capital). Mr Cornell also has an option in respect of 301,507 shares currently held by the Manager, exercisable between 25 January 2013 and 25 January 2015 at an exercise price of 49.75 pence per share.

·     Mr Robin Sellers, the CEO of the Manager, purchased 17,500 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Sellers has a beneficial interest in 17,500 shares in the Company (representing 0.02% of the Company's issued ordinary share capital).

·     Mr Hugo Evans, the Finance and Operations Manager of the Manager, purchased 56,655 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Evans has a beneficial interest in 69,782 shares in the Company (representing 0.09% of the Company's issued ordinary share capital).

·     In addition, Mr Raju Shukla, the Chairman of Ocean Dial Investment Company Singapore Pte. Ltd. (holding company of the "Manager"), purchased 344,828 ordinary shares in the Company at 29.0 pence per share. Following this transaction Mr Shukla has a beneficial interest in 344,828 shares in the Company (representing 0.46% of the Company's issued ordinary share capital).

·     Ocean Dial Asset Management Limited ("ODAM"), the Investment Manager to the Company, sold 818,811 ordinary shares in the Company at 29.0 pence per share. Following this transaction ODAM has a beneficial interest in 904,493 shares in the Company (representing 1.21% of the Company's issued ordinary share capital).

As detailed above, in order to facilitate the purchases by Directors and the Manager, ODAM sold a portion of its stake in the Company. The cash raised will be used to support the future growth of Ocean Dial.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Tel:       [phone]

Email:   [e-mail]

Philip Secrett/Jen Clarke

Grant Thornton UK LLP, NOMAD

Tel:       [phone]

 

END

 

 

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