Change of Investing Policy & Name Change

 

TIDMINDY 
 
RNS Number : 0169R 
India Star Energy plc 
13 August 2010 
 

                              INDIA STAR ENERGY PLC 
                                  (AIM: INDY) 
 
                    Change of Investing Policy & Name Change 
 
India Star Energy plc ("the Company") announces that it has posted a circular to 
shareholders convening a general meeting to be held at SRL Services, 111 Ross 
Walk, Leicester LE4 5HH on 16 September 2010 at 10.00 a.m ("the GM"). 
 
As part of a strategic review the Board has reviewed its investing policy, which 
was last approved by shareholders at the Company's Annual General Meeting held 
on 30 December 2009.  The Board has concluded that it expects the future 
geographical focus of the Company to be in Africa and not India.  In addition, 
it believes the Company's investing policy should be amended to reflect the 
renewed focus on mining and infrastructure projects.  Therefore, the revised 
investing policy is as follows: 
 
It is intended that India Star Energy will target 
 
(i)         investments in or acquire interests in projects, businesses or 
companies in the resource sector with a focus on mining and related 
infrastructure; and 
 
(ii)         investments will be made on a worldwide basis with Africa being a 
principal focus. 
 
It is anticipated that the acquisitions and investments will concentrate on iron 
ore and other metals, and will include both mining projects and the associated 
infrastructure needed to facilitate the delivery of the mined products to 
market. 
 
If shareholders approve the proposed adoption of the revised investing policy, a 
further resolution will be put to the General Meeting to change the Company's 
name to: 
 
              International Mining & Infrastructure Corporation plc 
 
The Board believes that a change of name of the Company to International Mining 
& Infrastructure Corporation would reflect the proposed future core business of 
the Company. 
 
If this resolution is approved, the change of name will be effective once 
Companies House has issued a certificate of incorporation on change of name. 
This is expected to occur on or around 17 September 2010.  The tradable 
instrument display mnemonic ("TIDM") of the Company is expected to change to 
IMIC with effect from 7 a.m. on 20 September 2010. 
 
The circular will be available on the Company's website, 
www.indiastarenergy.co.uk. 
 
+--------------------------------+---------------------------------+ 
| Contacts:                      |                                 | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
| India Star Energy plc          | www.indiastarenergy.co.uk       | 
+--------------------------------+---------------------------------+ 
| Haresh Kanabar, Chairman       | [phone]            | 
+--------------------------------+---------------------------------+ 
|                                |                                 | 
+--------------------------------+---------------------------------+ 
| WH Ireland Limited             | www.wh-ireland.co.uk            | 
+--------------------------------+---------------------------------+ 
| Mike Coe / Marc Davies         | [phone]            | 
+--------------------------------+---------------------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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