Aurora Russia Limited

The following information has been provided pursuant to Rule 26 of the AIM rules for Companies.

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

112,500,000

Significant shareholders

Significant shareholders with at least 3% interest in Aurora Russia Limited (Website updated 9 June 2010):

Standard Life Investments 14.99%

Quilter 13.83%

Scottish Widows Investment Partnership Ltd 10.03%

Aurora Investment Advisors 6.50%

M&G Investment Management 5.11%

South Yorkshire Pension Authority 5.11%

Henderson Group plc 3.42%

Metage Capital 3.21%

UBS Global Asset Management 3.00%

Number of shares not held in public hands

None

Restrictions on transfer of shares

None

Official documents:

Admission document (view)
RNS and financial reports can be viewed via our our press room

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