Infrastructure India plc Director Resignation
July 12 2024 - 11:19AM
RNS Regulatory News
RNS Number : 2993W
Infrastructure India plc
12 July 2024
12 July
2024
Infrastructure India
plc
("IIP" or
the "Company" or, together with its subsidiaries, the
"Group")
Director
Resignation
Infrastructure India plc, an AIM
quoted infrastructure fund investing directly into assets in India,
announces that M.S. Ramachandran is resigning from the Board, with
immediate effect.
Mr Ramachandran has been a long
standing and supportive director of IIP. Following the shareholder
vote to remove the only other independent director at the AGM in
June, Mr Ramachandran, feels he cannot perform the required duties
as the sole independent director.
The Company thanks Mr Ramachandran
for his many years of service and wishes him well.
Following the AGM in June and
today's announcement, the Board comprises Tom Tribone, Chairman and
Sonny Lulla, Chief Executive, which does not meet the corporate
governance guidance of the QCA Code.
Further updates will be made in due
course.
The
information contained within this announcement is deemed by the
Company to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of
United Kingdom domestic law by virtue of the European Union
(Withdrawal) Act 2018 (as amended).
- Ends -
Enquiries:
|
Infrastructure India plc
Sonny Lulla
|
www.iiplc.com
Via Novella
|
|
|
|
|
Strand Hanson Limited
Nominated Adviser
Richard Johnson / James
Dance
|
+44 (0) 20 7409 3494
|
|
Singer Capital Markets
Broker
James Maxwell - Corporate
Finance
James Waterlow - Investment Fund
Sales
|
+44 (0) 20 7496 3000
|
|
Novella
Financial PR
Tim Robertson / Safia
Colebrook
|
+44 (0) 20 3151 7008
|
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END
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