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Pin to quick picksIntuitive Inv Regulatory News (IIG)

Share Price Information for Intuitive Inv (IIG)

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Share Price: 126.00
Bid: 125.00
Ask: 127.00
Change: 0.00 (0.00%)
Spread: 2.00 (1.60%)
Open: 126.00
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Low: 115.00
Prev. Close: 126.00
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Termination of Management Contract

15 Mar 2005 16:09

iimia Investment Group plcCompany Announcement - Termination of Management ContractExeter Asset Management resigns as manager to Exeter Financials FundExeter Asset Management Limited (¢â‚¬ËœEAM¢â‚¬â„¢), a wholly-owned subsidiary of iimia Investment Group plc (¢â‚¬ËœiIG¢â‚¬â„¢), announces that it has agreed the termination of its investment management contract with Exeter Financials Fund Limited (the ¢â‚¬ËœFund¢â‚¬â„¢) and that it has entered into an agreement with New Star Asset Management (¢â‚¬ËœNew Star¢â‚¬â„¢) in relation to the acquisition by New Star of the rights to manage the assets of the Fund.New Star has agreed a payment to EAM in consideration of the release of the Fund from its existing management contract. iIG does not expect there to be a material impact on earnings as a result of this change during its current financial year.Copies of this announcement are available from the Registered Office of the Company for a period of fourteen days from the date hereof.ENDIIMIA INVESTMENT GROUP PLC
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