Issue of subscription shares

RNS Number : 8168U

India Capital Growth Fund Limited

05 December 2013

 



5 December 2013

India Capital Growth Fund Limited (the "Company" or "ICGF")

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

Proposed Bonus Issue of Subscription Shares

India Capital Growth Fund Limited today announces that the Board of the Company is currently considering a bonus issue of subscription shares free of payment on the basis of one subscription share for every two ordinary shares held in the Company.  Each subscription share will confer the right, but not the obligation, to subscribe for one ordinary share in the Company upon exercise of the subscription share rights and on payment of the subscription price which will be based on the prevailing unaudited net asset value of the Company around the date of the issue of subscription shares

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]

 

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