KEIF Kenmore Euro

 

TIDMKEIF 
 
RNS Number : 4321C 
Kenmore Euro Industrial Fund Ltd 
12 November 2009 
 

 
 
12 November 2009 
 
 
 
 
Kenmore European Industrial Fund ("KEIF" / "Fund') 
 
 
NOTICE TO SHAREHOLDERS 
 
 
 
 
The Board of KEIF announces that it has been notified by the Fund's Investment 
Manager, Kenmore Financial Services Limited (the "Investment Manager" / "KFSL"), 
that its indirect parent company, Kenmore Investments Ltd ("KIL") has been 
placed into administrative receivership and KIL's parent company, the Kenmore 
Property Group, has been placed in administration. KFSL, however, and a number 
of KIL's European subsidiaries to which KFSL delegates certain of its management 
functions are not in any form of insolvency and continue to trade. 
 
 
The Board would like to remind Shareholders that KEIF is a separate legal entity 
to the Investment Manager, resident in Guernsey and is controlled by an 
independent board of directors, four out of five of whom are independent from 
KFSL.  In addition, following its initial discussions with the Investment 
Manager, the Board of KEIF is reassured that the ownership of the Fund's assets 
is unaffected. 
 
 
The Board, with its advisers, will keep the situation under careful review and 
update shareholders as appropriate. 
 
 
An Interim Management Statement outlining KEIF's progress and performance during 
the quarter to 30 September 2009 will be announced to Shareholders on 19 
November 2009. 
 
 
-ENDS- 
 
 
 
 
For further information, please contact: 
 
 
KEIF 
Giles Weaver, Chairman 
Tel: via Financial Dynamics 
 
 
J.P. Morgan Cazenove 
Robert Fowlds / Edward Gibson-Watt 
Tel: 020 7588 2828 
 
 
Financial Dynamics 
Stephanie Highett / Dido Laurimore / Olivia Goodall 
Tel: 020 7831 3113 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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