Business description
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Investment strategy
Aurora Russia has an investment strategy of making equity and equity related investments in small and mid-sized private Russian companies, focused on the financial, business and consumer services sectors, where the Directors believe that there is potential for growth together with viable exit opportunities.

Director's details
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Number of shares in issue
75 million

Significant shareholders
Significant shareholders with at least 3% interest in Aurora Russia Limited (Website updated 12 December 2008):

Deutsche Bank as principal 15.81%

Scottish Widows Investment Partnership Ltd  10.00%

Standard Life Investments Ltd  8.64%

New Star Asset Management Ltd  7.99%

M&G Investment Management 7.67%

ING Bank as principal 5.60%

UBS Global Asset Management 4.16%

Henderson Group plc 4.12%

Aegon plc 3.37%

BlackRock Investment Management 3.02%

Number of shares not held in public hands
None

Restrictions on transfer of shares
None

Official documents:
Admission document (view)
RNS - visit our press room for all press releases / announcements
Aurora Russia Ltd Annual Report 2006 (view)
Aurora Russia Ltd Interim Report & Financial Statements 2007 (view)
Interim Results 07 Investor Presentation (download)  

Articles of Association
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Details of other exchange platforms
Details of other exchange platforms on which the shares are traded: Not applicable

Committee Roles
Audit Committee
The audit committee, comprising Chris Cowan, Grant Cameron, Ben Morgan and John Whittle will be responsible for, inter alia ensuring that the financial performance of the Company is properly reported on and monitored. The audit committee will review the annual and interim accounts, results, announcements, internal control systems and procedures and accounting policies of the Company.

Valuation Committee
The valuation committee, comprising Chris Cowan, Grant Cameron, Dan Koch, Ben Morgan and John Whittle will be responsible for, inter alia, valuing any proposed investment to be made in an investee company and any subsequent revaluation in accordance with the investment valuation policy set out in this document.

Remuneration Committee
The remuneration committee is made up of John Whittle, Dan Koch and Ben Morgan, who will review the performance of the Directors and set the scale and structure of their remuneration and the basis of their letters of appointment with due regard to the interest of Shareholders. In determining the remuneration of Directors, the remuneration committee seeks to enable the Company to attract and retain directors of the highest caliber. No Director is permitted to participate in discussions of decisions concerning their own remuneration.

The Company has not established a nominations committee. Any such nominations shall be for the consideration of all of the Directors.

Details of nominated advisors and key advisors
Nominated advisor and joint Brokers: Investec
Legal: White & Case
Financial PR: Financial Dynamics

Country of incorporation
Guernsey

Main country of operation
Guernsey

Rights of shareholders
The rights of shareholders may be different from the rights of the shareholders in a UK incorporated company