Investor Relations - India Capital Growth Fund

Share Price Information

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Factsheets

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Key Information Document (KID)

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ICGF KID

UK reporting fund regime

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Annual and Interim reports

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AGM and EGM Notices

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Capital Structure

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The Company’s share capital comprises of Ordinary Shares.

In Issue	85,830,644
Ticker	IGC
ISIN	GB00B0P8RJ60
SEDOL	B0P8RJ6

75,000,000 Ordinary Shares of 1p each (the “Ordinary Shares”) were in issue following admission on 22 December 2005. 63 Ordinary Shares were allotted with effect from 21 May 2009 and 1,400 Ordinary Shares were allotted on 18 May 2010 in each case following the exercise of warrants. Warrants were issued on admission to shareholders on the basis of one Warrant for every five Ordinary Shares issued. The final exercise period for the Warrants ended on 25 May 2011, and all rights under unexercised warrants lapsed on 9 June 2011.

33,718,446 and 3,782,264 Ordinary Shares were allotted on 8 and 9 August 2016 respectively following the exercise of all Subscription Share Rights.

Subscription Share Rights to subscribe for one Ordinary Share at a fixed price of 61 pence per Subscription Share lapsed after 6 August 2016. Consequently on 8 August 2016 trading on AIM of Subscription Shares ceased and subsequently the Subscription Shares were redeemed and cancelled.

As at 30 November 2024 the Company has issued from Treasury 5,828,500 Shares, and purchased back 1,593,512 Ordinary Shares, having previously allocated to Treasury 15,159,876 Redemption Shares under its 2023 Redemption Facility of which 424,876 Shares were sold on 16 January 2024, purchased back 762,645 Ordinary Shares and allocated 15,608,872 Redemption Shares under its 2021 Redemption Facility of which 200,000 Shares were sold on 17 January 2022. Consequently the total number of Ordinary Shares with voting rights in the Company is 85,830,644 (excluding Ordinary Shares held in Treasury and Redemption Shares). Each Ordinary Share carries one vote and ordinary shareholders are entitled to dividends when declared. Full details of the rights of ordinary shareholders are set out in the Admission Document. Shareholders should be aware that as the company is incorporated in Guernsey these rights may be different to the rights of shareholders in a UK incorporated company.

Shareholder >2% holding	No. of Shares Held (as at 30 November 2024)	Percentage (%)
Hargreaves Lansdown (EO)	18,229,950	21.2
Interactive Investor (EO)	15,589,593	18.2
AJ Bell (EO)	5,880,965	6.89
West Yorkshire Pension Fund	4,677,028	5.4
JM Finn	3,827,286	4.5
Charles Stanley	2,888,797	3.4
HSDL (EO)	2,494,980	2.9
Barclays Smart Investors (EO)	2,238,165	2.6
Hedley	2,065,814	2.4

The directors and connected persons to the Investment Manager, Ocean Dial Asset Management Limited, held in aggregate 236,252 (0.2%) Ordinary Shares.

Official Documents

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Announcements

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Data Privacy

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Data Privacy Statement

Governance

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Impact of Subscription Shares

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On 6 August 2014 the Company issued 37.5m Subscriptions Shares at nil cost on a 1:2 basis to ordinary shareholders who, at the time, held 75m Ordinary Shares. The Subscription Shares entitled the holder to acquire one Ordinary Share for each Subscription Share at a cost of 61p in August 2016.

Following the issue of Subscription Shares the headline NAV per share published by Bloomberg and other third party data providers was the Diluted NAV per share rather than the Basic NAV per share. Additionally the Investment Manager (IM) produced a Rebased NAV per share which the IM believes is the fairest representation of its performance across all periods excluding the dilutive effect of the issue of Subscription Shares. The reason for this, and the basis of calculating the Company’s NAVs is explained in this document.

Terms & Conditions

The following terms and conditions of use apply to your use of the India Capital Growth Fund Limited website (the “Website”). Each time you access the Website you agree to comply with, and be bound by, the terms and conditions of use and acknowledge that We may rely upon your agreement.

The contents of this website have been approved as a financial promotion for issue in the United Kingdom by Ocean Dial Asset Management Limited.

Information on the Website

The information contained within the Website is issued by India Capital Growth Fund Limited (“ICGF”) and is provided for reference purposes only. Nothing on this Website is intended to be construed as an offer, invitation or inducement to engage in investment activity, or investment advice or recommendation, in relation to the shares of ICGF, and should not be relied upon as such. The investments and investment services referred to on this Website may not be suitable for all investors. Prospective investors should take advice from their financial or other professional advisers before making any investment decision.

The information contained within the Website is intended to be used only by persons in the UK. Nothing on the Website is directed at any person outside the UK where the publication or availability of such information is prohibited or restricted and in particular the shares of ICGF may not be offered or sold directly or indirectly in, and nothing on the Website constitutes an offer or solicitation to any person in, the USA, its territories, possessions and protectorates under its jurisdiction.

ICGF is managed by Ocean Dial Asset Management Limited (“ODAM”) (together referred to as “We”). ODAM, of 30 Coleman Street, London, EC2R 5AL, is authorised and regulated in the UK by the Financial Conduct Authority with firm reference number 447424.

Risk factors

You should bear in mind that all investment is subject to risk. In particular, the investment performance of ICGF may go down as well as up and you may not get back all of your original investment. Past performance is not a guarantee of future performance, and indications of past performance displayed on the Website will not necessarily be repeated in the future. Changes in rates of exchange may have an adverse effect on the value, price or income of the investments of ICGF. The foregoing list of risk factors is not complete and reference should be made to the ICGF prospectus.

No investment advice

The information on the Website does not take account of the investment objectives, financial situation and particular needs of any particular person and is not general advice to any class of persons. Before making any investment decision on the basis of the information or otherwise, you should consider, possibly with the assistance of a financial and/or taxation adviser, whether the information is appropriate in light of your particular investment needs, objectives and financial circumstances. If you are in any doubt about the information contained on the Website or if you consider making an investment decision, you are advised to seek expert financial advice.

Accuracy and reliability of the information

Whilst the information displayed on the Website has been given in good faith and every effort has been made to ensure its accuracy, the information may not be complete or accurate for your purposes and We disclaim all representations and warranties, whether express or implied, to the extent permitted by applicable law and regulation. Further, the information displayed may be amended by us at any time and without notice and may become outdated. You should verify any information or other material obtained from the Website before you rely upon it.

Exclusion of liability

Nothing in these terms and conditions excludes, restricts or modifies any condition, warranty or liability which may at any time be implied by statute or any other applicable law where to do so is illegal or would render any provision of an agreement void. Subject to this qualification, all express or implied conditions or warranties, statutory or otherwise, in respect of the information supplied is expressly negated and excluded.

Copyright

Otherwise than as specifically set out herein, the information contained within the Website must in no circumstances be copied, reproduced or redistributed in whole or in part. You may download or print copies of information contained on the Website for your own use only provided that you do not change any copyright, trademark or other proprietary notices. All intellectual and other property information contained in the Website shall continue to be held by us and no rights of any kind shall pass to you.

Operation of the Website

There is no guarantee that the Website or the servers that make the Website available will be uninterrupted or error free, free from infection, viruses or worms or other code which may have contaminating or destructive properties. You are fully responsible for ensuring protective steps are taken such as virus checking.

You should be aware that the internet, being an open network, is not secure. If you choose to send any electronic communications by means of the Website, you do so at your own risk. ICGF cannot guarantee that such communications will not be intercepted or changed or that they will reach the intended recipient safely.

Third party websites

The Website contains links to websites operated by third parties. We are not responsible for and make no representation or warranty as to the accuracy, completeness, timeliness or suitability of such information, and We have not and will not review or update such information and caution you that any use made of such information is at your own risk. Some of the information contained on the Website may, where indicated, have been provided by third parties and may not have been verified by ICGF. We make no representation or warranty as to the accuracy, completeness, timeliness or suitability of such information and hereby exclude any and all liability arising out of the provision of such third party information.

Any third-party advertising, information and referral buttons containing hyperlinks are not recommendations or endorsements by ICGF or ODAM or their respective directors, affiliates or employees. The user is referred to the relevant third party for all relevant information.

Privacy Policy

All personal information provided to ICGF via the Website and other means will be held in accordance with the ICGF Privacy Policy.

Governing law

These terms and conditions of use are governed by the laws of England and Wales and the courts of England and Wales will have exclusive jurisdiction over any disputes arising under them.

Acceptance of terms and conditions of use

By moving on to any other part of the Website you agree that you have read, understood and will be bound by the terms and conditions of use and that you will carefully read the disclaimers and notices appearing at other parts of the Website.

India Capital Growth Fund Limited is an investment company incorporated in Guernsey, and its shares are listed on the Main Market of the London Stock Exchange. India Capital Growth Fund Limited Registered Office: 1 Royal Plaza, Royal Avenue, St Peter Port, GY1 2HL, Guernsey. Copyright India Capital Growth Fund © 2018. All rights reserved.

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