ECAP.L Regulatory News (ECAP)

25 Apr 2007 08:15

Promethean PLC25 April 2007 Promethean plc Launch of Promethean India PLC The Board of Promethean Plc. (the "Company") is pleased to note the commencementof trading today on the AIM market of the London Stock Exchange of PrometheanIndia PLC ("Promethean India), a new £50m investment company formed to invest inbusinesses that are established or operating in India in special situations. Promethean India will be advised by Promethean Investments, the InvestmentManager to the Company and by a local Investment Adviser, lead by Mohit Burman,a member of the family that controls Dabur India Limited, the fourth largestFMCG company in India. The Company is entitled to a share of the surplus of the management fee payableby Promethean India after payment of running costs, and a 30% share of the totalcarried interest. The total carried interest payable by Promethean India is 20%of the profit above an annual hurdle rate of 10%. Fees receivable by the Companywill have a positive impact on the Company's income. Enquiries: Michael Burt Promethean Investments LLP 020 7016 5112 Hugh Field Collins Stewart Europe Limited 020 7523 8325 Promethean Investments LLP is authorised and regulated by the Financial ServicesAuthority. 25 April 2007 -ENDS- This information is provided by RNS The company news service from the London Stock Exchange