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Aqua Resources Fund (H2O)


Monday 25 July, 2011

Aqua Resources Fund

Directorate Change

RNS Number : 0204L
Aqua Resources Fund Limited
25 July 2011

Aqua Resources Fund Limited


Director changes



25th July 2011,


The Board of Aqua Resources Fund Limited ("Aqua" or the "Company") announces the appointment of a new independent non-executive director with effect from 25th July 2011, and the resignation of a current non-executive director with effect from 22nd July 2011.


The Company is pleased to announce that Mr. Jonathan Hooley will join the board of the Company with effect from 25th July 2011. Mr. Hooley will also act as Chairman of the Audit Committee.


Mr. Hooley is the Chairman of the Channel Islands Stock Exchange as well as holding a number of other non-executive directorships.  He retired as the senior partner of KPMG in the Channel Islands on 30th September 2007.  He was a tax partner with KPMG  for over 20 years, firstly in London where he was an international tax partner specialising in banking and other financial sector work and subsequently in Guernsey where he has been responsible for advising a large number of investment funds.  Mr. Hooley has been a member of the States of Guernsey Fiscal Policy Technical Group for eight years and continues to act as an advisor to the States of Guernsey on external tax matters.  He is also a member of the Offshore Advisory Committee of the Association of Investment Companies.


Mr. Hooley will replace Mr. Timothy Betley, who has resigned with effect from 22nd July 2011 as a non-executive director of the Company and as Chairman of the Audit Committee.


The Board wishes to express its deepest appreciation to Mr. Betley for his contribution to the Company.




Notes to Editors


Aqua Resources Fund Limited

Hasan Askari, Chairman



FourWinds Capital Management, Investment Manager [email protected]

Kimberly Tara, Chief Executive Officer


Cenkos Securities plc, Corporate Broker

Will Rogers                                                                              +44 (0)20 7397 1920

Dion Di Miceli                                                                           +44 (0)20 7397 1921


HSBC Securities Services (Guernsey) Limited, Administrator

                                                                                                 +44 (0) 1481 707 000


Citigate Dewe Rogerson, PR Advisor 

Kevin Smith /Lindsay Noton                                                     +44 (0) 207 638 9571





Notes to Editors


Aqua is a Guernsey-domiciled Authorised Closed-ended investment scheme pursuant to section 8 of the Protection of Investors (Bailiwick of Guernsey) Law 1987, as amended and rule 6.02 of the Authorised closed-ended Investment Schemes Rules 2008.


Aqua's ordinary shares were admitted to listing on the Official List of the UK Listing Authority and to trading on the main market for listed securities of the London Stock Exchange plc on 24th July 2008.

Aqua investment objective is to provide long term capital appreciation through exposure to a diversified portfolio of water-related investments. Aqua will invest principally in businesses that are involved in i) water treatment and recycling (i.e. wastewater and recycling, water treatment and purification), ii) water infrastructure (i.e. water distribution) or iii) water application and conversion (water-to-energy and desalination) with the objective of capturing the growth opportunities emerging from the attractive long-term dynamics driving the water industry.


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