Offer Closed

 
TIDMDHIR 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, OR FROM, 
ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT 
LAWS OF SUCH JURISDICTION 
 
                                 Cash Offer by 
 
                       Acorn Global Investments Limited 
 
                                      for 
 
                          Dhir India Investments plc 
 
                                 Offer Closed 
 
 
 
On 12 January 2012, Acorn Global Investments Limited ("Acorn") announced that 
its cash offer (the "Offer") of 42 pence per Dhir India Investments plc ("DII") 
share (the "Offer Price") for the entire issued and to be issued ordinary share 
capital of DII was wholly unconditional and that the Offer would remain open 
until 1.00 pm on 25 January 2012 at which time it would be closed. 
 
 
Level of Acceptance 
 
 
As at 1:00 p.m. on 25 January 2012, Acorn had received valid acceptances of the 
Offer in respect of 16,144,931 DII Shares representing, in total, approximately 
96.87 per cent. of DII's entire issued share capital. 
 
Prior to making the Offer, neither Acorn, the Acorn Directors nor any persons 
acting in concert with Acorn owned or had any beneficial or non-beneficial 
interest in the share capital of DII. 
 
Save as disclosed in this announcement, neither Acorn, the Acorn Directors nor 
any persons acting in concert with Acorn, is interested in or has any rights to 
subscribe for any DII Shares nor does any such person have any short position 
(whether conditional or absolute and whether in the money or otherwise), 
including any short position under a derivative or any arrangement in relation 
to DII Shares.  For these purposes, "arrangement" includes any agreement to 
sell or any delivery obligation or right to require another person to purchase 
or take delivery of DII Shares and any borrowing or lending of DII Shares which 
have not been on-lent or sold and any outstanding irrevocable commitment or 
letter of intent with respect to DII Shares. 
 
 
Consideration 
 
 
Settlement of the consideration due to DII Shareholders who have already 
provided valid and complete acceptances under the Offer will be despatched (or 
in respect of DII Shares held in uncertificated form, credited through CREST) 
within 14 days of the date on which such acceptances are received or, in the 
case of electronic acceptances, made. 
 
 
Compulsory acquisition and quotation on AIM 
 
 
Acorn now owns 96.87 per cent. of DII's entire issued share capital. In view of 
this and having taken advice, Acorn does not believe it is feasible to meet the 
conditions necessary for DII to continue to be suitable for quotation on AIM. 
Accordingly, Acorn has decided to seek cancellation of admission of DII's 
shares to trading on AIM as soon as practicable. Pursuant to AIM Rule 41, the 
Company's shares will be cancelled from trading on AIM at 7:00 a.m. on Thursday 
23 February 2012. 
 
A decision will be taken in due course as to whether or not Acorn wishes to 
exercise its right in accordance with, and within the time limits prescribed 
by, Isle of Man company law to compulsorily acquire the DII shares not already 
owned by Acorn at 1:00 p.m. on 25 January 2012 and such decision, when made, 
will be notified to the holders of the DII Shares not owned by Acorn. 
 
 
Further Information 
 
 
A copy of all announcements made by Acorn and documents sent by Acorn, 
including the Offer Document and this announcement, are available at Acorn's 
website at: http://www.acornglobalinvestments.net. 
 
The expressions used in this announcement, unless the context otherwise 
requires, bear the same meaning as in the Offer Document dated 20 December 
2011. 
 
 
 
Enquires: 
 
Acorn Global Investments Limited                        [phone] 
Anup N Dalal 
 
Cairn Financial Advisers LLP - Financial Advisers to    [phone] 
Acorn 
Tony Rawlinson / Jo Turner 
 
 
Cairn Financial Advisers, which is authorised and regulated in the United 
Kingdom by the Financial Services Authority, is acting exclusively for Acorn 
and no-one else in connection with the Offer. Cairn Financial Advisers will not 
be responsible to anyone other than Acorn for providing the protections 
afforded to clients of Cairn Financial Advisers or for giving advice in 
relation to the Offer or the content of, or any matter or arrangement referred 
to in, this announcement. 
 
 
Responsibility 
 
 
Each of the Acorn Directors accept responsibility for the information contained 
in this announcement. To the best of the knowledge and belief of each of the 
Acorn Directors (who have taken all reasonable care to ensure that such is the 
case), the information contained in this announcement for which they accept 
responsibility is in accordance with the facts and does not omit anything 
likely to affect the import of such information. 
 
This announcement does not constitute an offer or an invitation to purchase or 
subscribe for any securities. 
 
 
 
END