Aurora Russia (Ordinary Share) AURR

Private Equity

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Estimated NAV (p)

67.00

Share Price (p)

12.85

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 31.9p -52.7% 67.00p 62.00p
30 Sep
100%

Top 10 Holdings

Grindelia Holdings 20.14%
Unistream 19.15%

Sectors weighting

Unlisted Equities 101.30%
Net Current Assets -1.30%
  • Investment trust info:

  • Sector Private Equity
  • Launch Date 24 Mar 2006
  • Base Currency GBX
  • Domicile Guernsey
  • Share Price (p) 12.85
  • Share Type Ordinary Share
  • TIDM AURR
  • ISIN GB00B0Z52Y71
  • Shares Issued (M) 113
  • Market Capital (£M) 35.86
  • Gross Assets (£M) 75.79
  • Net Assets (£M) 75.79
  • TER (%) 4.40
  • Last AGM 28 Sep 2012
  • Next AGM 28 Sep 2013
  • Last Annual Report Date 12 Oct 2012
  • Next due Report Date 31 Mar 2013
  • Next due Report Type A/R
  • Objective:

  • Aims to acquire interests in small and mid-sized private companies in Russia which are focused on the financial, business and consumer service sectors.
  • Management Group(s):

  • Aurora Investment Advisors Limited
  • Managed by:

  • Andrey Gurin Start: 24 Mar 2006
  • James B Cook Start: 24 Mar 2006
  • John McRoberts Start: 24 Mar 2006
  • Michael Hough Start: 24 Nov 2011
  • Mikhail Shorokhov Start: 24 Mar 2006
  • Management Contract & Fees:

    A management fee equals to 1.5% of NA of the Company. The Manager will receive a performance fee equal to 20% of the value of any amounts realised on the disposal of such further investments in excess of the amounts so invested. The 20% performance fee would be subject to a hurdle rate which is expected to be at 12% p.a. (the same as the hurdle rate for the Managers incentive arrangements under the Option Deed). The Management Agreement can be terminated by either party giving to the other not less than 24 months notice to terminate.