ISRAS Investment Company Ltd. — Board/Management Information 2014

Jul 22, 2014

National Storage Mechanism | Additional information

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THE INVESTMENT COMPANY PLC - Appointment of AIFM & Depositary

PR Newswire

London, July 22

The Investment Company plcNOTICE OF ENTRY INTO ARRANGEMENTS WITH SERVICE PROVIDERS TO ENSURE COMPLIANCEWITH THE ALTERNATIVE INVESTMENT FUND MANAGERS DIRECTIVE (2011/61/EU) ("AIFMD")The Investment Company plc (the "Company") announces that with effect from22 July 2014, the Company entered into the arrangements necessary to ensurecompliance with the AIFMD.Following a review of the Company's arrangements, the Company's Board ofDirectors (the "Board") has approved the appointment of PSigma Unit TrustManagers Limited ("PUTM"), a Miton Group Company, as the Company's AlternativeInvestment Fund Manager ("AIFM") on the terms of and subject to the conditionsof a new investment management agreement between the Company and PUTM. PUTM hasbeen approved as an AIFM by the UK's Financial Conduct Authority.The existing investment management agreement between the Company and MitonAsset Management Limited ("MAM"), which is not authorised as an AIFM, has beenterminated, although MAM has been appointed by PUTM as investment manager tothe Company, pursuant to a delegation agreement.The arrangements in respect of the management fee and notice period remainunchanged.The Board has also appointed BNY Mellon Trust & Depositary (UK) Limited (the"Depositary") to act as the Company's Depositary (as required by the AIFMD) onthe terms and subject to the conditions of a Depositary agreement entered intobetween the Company, the AIFM and the Depositary. The Bank of New York MellonSA/NV will act as Custodian.For enquiries please contact:David Barron David.barron@mitongroup.com 020 3714 1474