STOCK EXCHANGE ANNOUNCEMENT
29 June 2012
The Tantallon Emerging Markets (Non-US Feeder) Fund
Re: Change of Investment Manager and Directors
The directors of the Company (the "Directors") wish to announce that with effect from 1 July 2012, Indus Capital Partners, LLC ("ICP") will replace Tantallon Capital Limited (the "Outgoing Investment Manager") as the investment manager of the Company pursuant to a deed of novation between the Company, the Outgoing Investment Manager and ICP. ICP will act under the same terms and conditions and for the same fees as the previous investment manager acted.
ICP was formed in 2000 and is a U.S. limited liability company with its principal office in New York City and that also maintains offices in Stamford and San Francisco. ICP is registered as an investment adviser with the U.S. Securities and Exchange Commission. As at 01 June 2012, ICP had approximately US$4 billion in assets under management.
The Directors of the Company wish to announce the appointment of Brian Guzman, J. Dennis Hunter and Karla Bodden as directors of the Company with effect from 1 July 2012.
Mr. Guzman is a Partner and General Counsel of ICP managing the firm's Legal and Compliance department. Mr. Guzman joined ICP in August 2005. Prior to joining ICP, Mr. Guzman spent five years with the law firm of Seward & Kissel LLP in New York where he was a Senior Associate in the Investment Management group. Mr. Guzman specialized in the formation and structuring of private investment funds (both domestic and offshore), private equity funds and registered investment companies, as well as advising registered and unregistered investment advisers on a variety of matters. From 1994 to 2000, Mr. Guzman was a principal of an operating company that launched and operated several fast food restaurant units in Manhattan, performing start-up transactions and corporate duties. Mr. Guzman graduated magna cum laude from Brooklyn Law School in June 2000. In 1993, he graduated with a B.S. in Management and Industrial Relations from the Stern School of Business, New York University.
Dennis Hunter has been the Managing Director of Queensgate Bank & Trust Company Ltd., Grand Cayman, Cayman Islands since 1993, and has over thirty years' experience of international banking and administration of mutual funds. Mr. Hunter was from 1978 to 1993 Financial Controller and Treasurer of Aall Trust & Banking Corporation Ltd., Grand Cayman, Cayman Islands. He graduated with a Higher National Diploma in Business Studies and postgraduate Diploma in Management Studies from Newcastle and Brighton Polytechnics respectively. Mr. Hunter is originally from Scotland but has been resident in the Cayman Islands since 1978.
Karla Bodden has been Financial Controller of Queensgate Bank & Trust Company Ltd., Grand Cayman, Cayman Islands, since 1993. Ms. Bodden was Client Accountant of Aall Trust & Banking Corporation Ltd., Grand Cayman from May 1991 to July 1993 and prior to May was an Accountant/Auditor at Coopers & Lybrand, Grand Cayman from January 1990. Ms. Bodden has a Master of Professional Accounting degree from the University of Miami, a Bachelor of Science degree in Accounting from the University of Florida, and is a member of the Florida Institute of Certified Public Accountants.
Mr. Guzman, Mr. Hunter and Ms. Bodden has never
had any unspent convictions in relation to indictable offences; or
been bankrupt or the subject of a voluntary arrangement, or has had a receiver appointed to any of his assets; or
been a director of any company which, while he was a director with an executive function or within 12 months after he ceased to be a director with an executive function, had a receiver appointed or went into compulsory liquidation, creditors' voluntary liquidation, administration or company voluntary arrangements, or made any composition or arrangements with its creditors generally or with any class of its creditors; or
been a partner of any partnership, which while he was a partner or within 12 months after he ceased to be a partner, went into compulsory liquidation, administration or partnership voluntary arrangement, or had a receiver appointed to any partnership asset; or
had any public criticism by statutory or regulatory authorities (including recognised professional bodies); or
been disqualified by a court from acting as a director or from acting in the management or conduct of affairs of any company.
A list of past and current directorships held by Mr. Guzman, Mr. Hunter and Ms. Bodden over the past 5 years is available for inspection on request for a period of 14 days from the date of this announcement from Maples and Calder, 75 St. Stephen's Green, Dublin 2, Ireland.
Maples and Calder
+353 1 619 2057
This announcement has been issued through the Companies Announcement Service of