Notice of AGM and Annual Report and Accounts

 

TIDMIFC 
 
RNS Number : 5014N 
Indian Film Company Limited (The) 
11 June 2010 
 

 
11 June 2010 
 
 
                        The Indian Film Company Limited 
                    ("IFC" or the "Company" or the "Group") 
                  Notice of AGM and Annual Report and Accounts 
 
                                  Notice of AGM 
The Indian Film Company Limited (AIM:IFC), a specialist investment company 
dedicated to the Indian film industry, announces that it has posted to its 
shareholders the Notice of Annual General Meeting ("AGM") which will be held at 
No. 1, Le Truchot, St Peter Port, Guernsey GY1 3JX on 11 October 2010 at 10:15am 
for the following purposes: 
 
As Ordinary Business: 
 
Ordinary Resolution 1 
To receive and, if thought fit, to accept the reports of the Directors and 
Auditors and the audited financial statements for the year ended 31 March 2010. 
 
Ordinary Resolution 2 
To re-appoint Ernst & Young LLP as Auditors of the Company and to authorise the 
Directors to fix the remuneration of the Auditors. 
 
Ordinary Resolution 3 
To re-elect Alok Verma who offers himself for re-election, as a Director. 
 
As Special Business: 
 
Ordinary Resolution 4 
That the Company renew its authority and is hereby generally and unconditionally 
authorised in accordance with section 315 of The Companies (Guernsey) Law, 2008 
as amended, to make market purchases, as defined in that Law, of and cancel its 
Ordinary Shares of no par value, provided that: 
 
(i)            the maximum number of Ordinary Shares hereby authorised to be 
purchased shall be 8,244,500; 
(ii)           the minimum price which may be paid for an Ordinary Share shall 
be GBP0.01; 
(iii)          the maximum price which may be paid for an Ordinary Share shall 
be an amount equal to 105% of the average of the middle market quotations for an 
Ordinary Share taken from and calculated by reference to the London Stock 
Exchange Alternative Investment Market Daily Official List for the five business 
days immediately preceding the date on which the Ordinary Share is purchased; 
(iv)          the price paid per Ordinary Share shall be less than the net asset 
value per Ordinary Share; 
(v)           the authority hereby conferred shall expire at the conclusion of 
the Annual General Meeting of the Company in 2010, unless the authority is 
renewed prior to such time; and 
(vi)          the Company may make a contract to purchase Ordinary Shares under 
the authority hereby conferred prior to the expiry of such authority which will 
or may be executed wholly or partly after the expiration of such authority and 
may make a purchase of Ordinary Shares pursuant to any such contract. 
 
Ordinary Resolution 5 
To authorise the Company to utilise electronic communication methods to 
distribute information, including the annual audited accounts and the 
half-yearly report to its Shareholders. 
 
 
                           Annual Report and Accounts 
 
The Company also announces that the Annual Report and Audited Consolidated 
Financial Statements of the Company for the year ended 31 March 2010 have been 
posted to shareholders. These will also be made available on the Company's 
website - www.theindianfilmcompany.com 
 
 
For further information, please contact: 
 
The Indian Film Company Limited 
Sandeep Bhargava 
              Tel: [phone] 
 
Grant Thornton UK LLP (Nominated Adviser) 
Fiona Kindness/Salmaan Khawaja 
 Tel: [phone] 
 
Elara Capital (Broker) 
Manu Krishnan 
                Tel: [phone] 
 
Pelham Bell Pottinger 
Alex Walters/Francesca Tuckett 
    Tel: [phone] 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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