Change of Manager
November 04 2003 - 10:12AM
UK Regulatory
RNS Number:6643R
Govett Asian Recovery Trust PLC
04 November 2003
Govett Asian Recovery Trust PLC
Change of Manager
The Board of Govett Asian Recovery Trust PLC ("GART") notes today's Announcement
made by Allied Irish Banks, p.l.c. concerning the intended sale of certain of
Govett Investment Management Limited's management contracts to Gartmore
Investment Management Plc. The Board confirms that it has decided in principle
that Gartmore Investment Limited will be appointed manager of GART,
conditionally upon settlement of the terms of novation of the management
contract and certain other administrative matters.
Under its articles, GART is required to call a continuation vote by 29 January
2004. The Board is consulting with its advisors and Gartmore and will be writing
to shareholders shortly.
Enquiries:
David Price 020 7628 8000
Chairman
Angus Gordon Lennox 020 7588 2828
Cazenove & Co. Ltd
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