Announcement of changes to Investment Manager
June 30 2010 - 11:15AM
UK Regulatory
TIDMARCL
RNS Number : 5695O
Altus Resource Capital Limited
30 June 2010
ALTUS RESOURCE CAPITAL LIMITED
30 June 2010
Announcement of changes to Investment Manager
Overview
Altus Resource Capital Limited (LSE:ARCL) (the "Company") is a Guernsey
registered, closed-ended investment company which is listed on the Specialist
Fund Market of the London Stock Exchange and on the Channel Islands Stock
Exchange.
Announcement of changes to Investment Manager
The Company is pleased to announce that Altus Capital Limited ("Altus Capital"),
a wholly owned subsidiary of Altus Strategies Limited, received authorisation
from the Financial Services Authority ("FSA") effective on 3 June 2010. Altus
Capital has, from the 30 June 2010, in accordance with the arrangements put in
place at the time of the IPO, replaced Altus Asset Management Limited as the
Investment Manager of the Company, although the key personnel will remain
unchanged. The Company's investment management agreement with Altus Asset
Management Limited has been novated in favour of Altus Capital. Further
information about Altus Capital will shortly be available on the Investment
Manager's website, www.altus-cap.com.
Investment Objectives and Policy
The Company's objective is to realise capital growth from a concentrated
portfolio of junior resource equities and to generate a significant capital
return to shareholders.
The Company invests in companies engaged in the exploration, development and/or
mining of metals and minerals with a focus on companies that operate in the gold
sector. Portfolio companies will be predominantly, but not exclusively, listed
or quoted on either UK markets or other recognised stock exchanges including the
Canadian and Australian markets and typically will be capitalised at less than
GBP100 million at the time of investment.
Investor information
The latest available information on the Company can be accessed via the website.
By order of the Board
Altus Resource Capital Limited
Administrative Enquiries: Investment Manager:
Shareholder Enquiries:
Anson Fund Managers Limited Altus Capital Limited
Nimrod Capital LLP
Tel: +44 (0) 1481 722 260 Tel: +44 (0) 1235 511767
Tel: +44 (0) 20 3355 6855
info@nimrodcapital.com
E&OE - In Transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
STRKKKDKPBKDCAN
Altus Res. (LSE:ARCL)
Historical Stock Chart
From Jul 2024 to Jul 2024
Altus Res. (LSE:ARCL)
Historical Stock Chart
From Jul 2023 to Jul 2024