20 December 2019
LEI: 213800KX5ZS1NGAR2J89
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR TO INDIA, THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN OR ANY MEMBER STATE OF THE EEA (OTHER THAN THE UNITED KINGDOM) OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE OF THIS ANNOUNCEMENT WOULD BE UNLAWFUL. PLEASE SEE THE SECTION ENTITLED "DISCLAIMER" TOWARDS THE END OF THIS ANNOUNCEMENT.
Ashoka India Equity Investment Trust plc
(the "Company" or "Ashoka India Equity Investment Trust")
Publication of Prospectus and Update to Investment Policy
Further to its announcement on 25 November 2019, Ashoka India Equity Investment Trust announces that it has today published a prospectus (the "Prospectus") in connection with a new share issuance programme that will allow the Company to issue up to 125 million further ordinary shares in the 12 months from the date of publication of the Prospectus (the "Share Issuance Programme").
Further details of the Share Issuance Programme are set out in the Prospectus, which will shortly be available for inspection at the Company's registered office (Mermaid House, 2 Puddle Dock, London EC4V 3DB) and via the Company's website (www.ashokaindiaequity.com). The Prospectus will also shortly be available via the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).
The Board also considers it appropriate to now make a non-material change to the Company's investment policy to reflect its expectation that the Company's portfolio will comprise approximately 25 to 50 investments on an ongoing basis (as opposed to 20 to 40 investments, as originally drafted). The updated investment policy is set out in full in the Prospectus.
This announcement has been released on behalf of the Company by order of the Board.
Enquiries:
PraxisIFM Fund Services (UK) Limited
Maria Matheou / Brian Smith
020 7653 9690
Peel Hunt LLP
Luke Simpson / Liz Yong / Tom Pocock
020 7418 8900
Disclaimer
This announcement does not constitute, and may not be construed as, an offer to sell or an invitation to purchase investments of any description or a recommendation regarding the Share Issuance Programme or the provision of investment advice by any party. No information set out in this announcement is intended to form the basis of any contract of sale, investment decision or any decision to purchase shares in the Company.
Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the Financial Conduct Authority, is acting for the Company only in connection with the matters described in this announcement and is not acting for or advising any other person, or treating any other person as its client, in relation thereto and will not be responsible for providing the regulatory protection afforded to clients of Peel Hunt or advice to any other person in relation to the matters contained herein.
