Last checked at 25 Nov 2015 07:00
25 November 2015
Infrastructure India plc
("IIP" or the "Company")
Notice of Results
Infrastructure India plc, the infrastructure fund investing directly into assets in India, announces that it expects to publish its unaudited interim results for the six months ended 30 September in the first half of December 2015.
As was noted in the Company's final results announcement released on 10 July 2015, the Indian Rupee (INR) had, at the time of that announcement, depreciated against Sterling (GBP) since 31 March 2015. This currency depreciation continued during the 2015 interim period with the resulting exchange rate being INR:GBP 100.3 at 30 September 2015 (31 March 2015 INR:GBP 92.8). The currency movement during the period, together with the effects of softer business conditions in India, are anticipated to impact the unaudited net asset value as at 30 September 2015.
The board of IIP (the "Board") currently expects to announce an unaudited net asset value per ordinary share as at 30 September 2015 of approximately £0.48 (31 March 2015: £0.55; 30 September 2015: £0.43).
The Board looks forward to updating shareholders on IIP's performance during the six month period ended 30 September 2015 in December.
Enquiries:
Infrastructure India plc Sonny Lulla
| www.iiplc.com Via Cubitt Consulting |
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Smith & Williamson Corporate Finance Limited Nominated Adviser & Joint Broker Azhic Basirov / Ben Jeynes
| +44 (0) 20 7131 4000 |
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Nplus1 Singer Advisory LLP Joint Broker Gill Martin / James Maxwell - Corporate Finance James Waterlow - Investment Fund Sales
| +44 (0) 20 7496 3000 |
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Cubitt Consulting Limited Financial Public Relations Simon Brocklebank-Fowler
| +44 (0) 20 7367 5100 |