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EIH Eih Plc

0.05
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eih Plc EIH London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.05 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.05 0.05
more quote information »

Eih EIH Dividends History

No dividends issued between 27 Apr 2014 and 27 Apr 2024

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Posted at 09/2/2017 19:57 by praipus
Return of capital
Posted at 05/1/2017 17:09 by praipus
"management fees will be reduced by 60%" .....is that generous?

Under their management my investment is down 50%! I'm paying them to lose my money...wish I had a job like that..i'd be very wealthy.

Why arnt management fee's linked to share holder returns/results I.e. they get paid on dividend and share holder redemptions only?

Surely if they can't manage a return within the timescale they stipulate they should be fired....shouldn't they?
Posted at 05/1/2017 13:31 by praipus
RNS Number : 3683T

EIH PLC

05 January 2017

EIH PLC ("EIH" or the "Company")

Update on EIH's investment in Evolvence India Fund PCC ("EIF")

As at 30 June 2016 the Company's largest investment was US$20.1m invested in EIF (capital called of US$45.1m, less refund of capital contributions of US$25.0m), equivalent to 31.2 cents per share. At that reporting date the Fair Value (unaudited) of the Company's investment in EIF was US$20.6m, equivalent to 31.9 cents per share, representing a 1.03 x multiple over cost.

In order to maximize the value of the unrealized portfolio and to execute orderly exits, EIF's Investment Manager has extended the life of the fund until 31 October 2019.

During the extension period the management fees will be reduced by 60% from the previous level and are capped at a fixed annual amount. The Company pays certain annual management fees and expenses to EIF in respect of its commitments to that fund. While these costs are embedded in the capital account of EIF and do not appear in the profit or loss for the Company, the reduction in the management fees by 60% nonetheless represents a cost reduction for the Company.

The Directors have reviewed certain underlying financial information provided to us by EIF's Investment Manager and we remain confident that as EIF's underlying portfolio matures and further realisations are achieved, further cash distributions will be received.

For further information, please contact:

EIH PLC

Rhys Davies

Tel: +41 (0) 79 620 0215

Nplus1 Singer Advisory LLP (Nominated Adviser)

James Maxwell / Alex Laughton-Scott

+44 (0)20 7496 3000

This information is provided by RNS

The company news service from the London Stock Exchange

END
Posted at 11/3/2013 16:21 by praipus
28 February 2013
EIH plc ("EIH" or the "Company")
Return of Capital
The Board of Directors of EIH is pleased to announce that following the receipt of a distribution from EIF of US$0.9m the board has resolved to make a capital distribution of US$0.02 per share, equivalent to approximately US$1.29 million, to shareholders (the "Distribution").
It is intended that the Distribution will be paid on 15 March 2013 to shareholders recorded on the register at the close of business on 8 March 2013. The shares will be marked ex on 6 March 2013.
For further information, please contact:
EIH plc

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