28th Oct 2008 15:27
For immediate release
28 October 2008
Evolvence India Holdings PLC (the "Company")
Board Change
The Company announces that Khaled Al Muhairy and Mohamed Abdel-Hadi have resigned as directors of the Company with immediate effect and that Christopher William Knight and Sanjeev Mohta have been appointed as Non-Executive Chairman and Non-Executive Director of the Company respectively. Mr Knight was previously a director of the Company until he stepped down on 1 July 2008. Mr Mohta is an employee of QVT Financial LP which manages several funds which in aggregate own approximately 26.8% of the issued share capital of the Company.
The disclosures required to be made under Rule 17 of the AIM Rules in respect of the new directors are set out in the Appendix to this announcement.
ENDS
Contacts:
Seymour Pierce (Nominated Adviser)
Jonathan Wright, Director + 44 (0)20 7107 8000
Fairfax I.S. PLC (Broker)
Ewan Leggat, Director, Equities + 44 (0)20 7598 5368
APPENDIX
Christopher William Knight, aged 65, holds, or has held within the past five years, the following directorships:
|
Position |
Company/Partnership |
Position still held |
|
Chairman/Director |
Abingworth Bio Ventures II |
Yes |
|
Director Member of Board of Trustees Director Director |
Aladdin Investors Plc Aureos India Advisers Pvt Ltd. Axis Private Equity Limited Axis Fiduciary Limited |
Yes Yes Yes Yes |
|
Founder/Director |
Emerisque Capital Limited |
Yes |
|
Chairman/Director |
European Growth Fund Ltd |
No |
|
Director |
Fidelity Asian Values Plc |
Yes |
|
Director |
Greater China Corporation |
Yes |
|
Director |
Gryphon Capital Corporation |
No |
|
Director |
Gryphon Emerging Markets Limited |
No |
|
Director |
JP Morgan Chinese Investment Trust |
Yes |
|
Director |
KASB Bank Limited |
No |
|
Director |
KASB Capital Limited |
Yes |
|
Director |
LG India Fund Ltd |
Yes |
|
Director |
Navigator Capital Ltd |
No |
|
Director |
Navigator Corporate Advisors Ltd |
No |
|
Director |
Navigator Finance Ltd |
No |
|
Director |
Navigator London Finance Group Ltd |
No |
|
Chairman/Director |
Siberian Investment Co Plc |
Yes |
|
Chairman |
Thai-Euro Fund Ltd |
Yes |
|
Director |
William Knight & Associates Limited |
Yes |
-
Sanjeev Mohta, aged 43, holds, or has held within the past five years, the following directorships:
|
Postion |
Company/Partnership |
Position still held |
|
Designated Member |
Insite Asia LLP |
No |
There is no further information to disclose in respect of Christopher William Knight or Sanjeev Mohta under paragraph (g) of schedule 2 of the AIM Rules.
ENDS
Related Shares:
EIH.L