Protective Notice
May 05 2009 - 5:49AM
UK Regulatory
TIDMEET
RNS Number : 6757R
European Equity Tranche Income Ltd.
05 May 2009
EUROPEAN EQUITY TRANCHE INCOME LIMITED (the "Company")
Review of investment management arrangements
The Company announces that at a meeting of its board of directors (the "Board")
held on 29 April 2009, the Board discussed the current arrangements with the
Company's existing investment manager, Ocean Capital Associates, LLP ("Ocean").
In light of current market conditions, the Board resolved to conduct a strategic
review of the terms of the investment management agreement dated 6 April 2006
between the Company and Ocean ("IMA"), which provides that such agreement shall
continue in force until terminated by either party on not less than 12 months
written notice given to the other party effective after 1 May 2010. The IMA can
also be terminated for cause on shorter notice or forthwith.
In order to provide the Board with maximum flexibility in its review and to
allow the Board to appoint a new investment manager should this prove to be
appropriate following such review, the Board has today served Ocean with
protective notice of termination of the IMA.
For further information please contact:
Enquiries:
European Equity Tranche Income Limited
Robin Monro-Davies Tel: 0845 868 0533
Arbuthnot Securities Limited
Alastair Moreton Tel: 020 7012 2000
Anson Fund Managers Limited
Secretary Tel: Guernsey +44
(0)1481 722260
5 May 2009
E&OE - in transmission
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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