11th Nov 2009 12:47
11 November 2009
EIH plc
("EIH" or the "Company")
Update on Investment Manager
Further to the announcement made on 28 September 2009 the Board of EIH announce that with regard to the appointment of a new manager, the previous management agreement having expired at the end of October, the Board has received various proposals which are currently being evaluated. The Board will announce the results of the evaluation process once it has been completed.
The Directors continue to monitor the assets of the Company which have largely been committed and with the support of the administrator manage the daily operations of the Company.
The Company will update shareholders in due course.
For more information contact:
EIH plc
William Knight + 44 (0)20 7221 3900
Seymour Pierce (Nominated Adviser and Broker)
Nandita Sahgal + 44 (0)20 7107 8000
Related Shares:
EIH.L