3rd May 2011 09:22
TAU CAPITAL PLC
("Tau" or "the Company")
Reorganisation of Investment Management contract
The Board of Tau today announces a reorganisation of the investment management and investment advisory functions previously undertaken by Tau Capital Investment Management ("TCIM") and Compass Asset Management ("CAM") respectively.
Investment management was provided by TCIM with CAM acting as the Investment Adviser. With immediate effect, CAM has replaced TCIM as Investment Manager and JSC Compass, part of the Compass Group, has been appointed as the Investment Advisor.
The Investment Management functions provided to Tau will not change, and Richard Horlick will continue to provide services to CAM. The fees paid by Tau to CAM will remain unchanged.
The Board of Tau believes, having consulted with its nominated adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.
--ENDS--
Further information, please contact:
Compass Asset Management Brian O'Callaghan | Tel: +7 727 356 0356 |
Richard Horlick |
Tel : +44 (0) 7770 496207
|
IOMA Fund and Investment Management Ltd Philip Scales | Tel: +44 (0) 1624 681381 |
Numis Securities Ltd Nominated Adviser: Nick Westlake / Hugh Jonathan Corporate Broking: Alex Ham | Tel: +44 (0) 20 7260 1000
|
Related Shares:
TAU.L