Rutland Fund I
March 05 2010 - 12:52PM
UK Regulatory
TIDMHPEQ
HENDERSON GLOBAL INVESTORS
HENDERSON PRIVATE EQUITY INVESTMENT TRUST PLC
5 MARCH 2010
HENDERSON PRIVATE EQUITY INVESTMENT TRUST PLC
Rutland Fund I
The Company today received notice from Rutland Partners that the High Court has
made an award of damages against the co-defendants in Vercoe v Rutland Fund
Management Limited.
Despite this unexpected development, both the Board and the Manager remain
confident in the prospects for the portfolio and the Company's ability to
finance its commitments.
The claim related to the investment made by Rutland Fund I in H&T, a
pawn-broking business. The co-defendants included the Rutland Partnership,
through which the Company's investment in Rutland Fund I is held. The damages
to be awarded to the plaintiffs are to be decided at a further hearing, which
is to be held shortly. The extent of any liability of the Company in relation
to any damages that are awarded will be the subject of further consideration
and an announcement will be made as appropriate in due course.
- ENDS -
For further information please contact:
Ian Barrass
Portfolio Manager
Henderson Private Equity Investment Trust plc
Telephone: 020 7818 2964
James de Sausmarez
Head of Investment Trusts
Henderson Global Investors
Telephone: 020 7818 3349
END
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