YATRA CAPITAL LIMITED 
By January 17, 2012
Company News YATRA CAPITAL LIMITED : CHANGES TO THE BOARD OF YATRA CAPITAL AND ITS SUBSIDIARY K2 PROPERTY LIMITED
The Board of Yatra Capital Limited ("Yatra" or "the Company")
announces that Sir Nigel Broomfield has retired as Chairman
with effect from January 13, 2012. Sir Nigel has been
Chairman of Yatra since the Company listed on Euronext in
2006.
Sir Nigel will be replaced as Chairman of the Company by
Richard Boléat, who is currently Chairman of Yatra's
Audit Committee.
Commenting on the change, Sir Nigel Broomfield said: "It has
been a privilege and a pleasure to have been Chairman of
Yatra Capital since 2006. To some extent the fortunes of the
Company have mirrored global economic trends with the highs
of 2006 followed by the global downturn and latterly the
financial crisis in the EU and elsewhere in conjunction with
the normal volatility of the Indian real estate market.
"I am delighted to hand over to Richard Boleat who has
brought clear financial control and discipline to our work
for the past two years as Chairman of Audit Committee in both
Yatra and K2. I wish him every success.
"Finally I would like to express my thanks to our
shareholders for their views and support over the past six
years, to the Investment Manager and his team working on our
projects in India and last, but certainly not least, to my
fellow Directors whose hard work and experience has made such
a contribution to our collective effort to create value for
our investors."
Richard Boléat said in response: "I would like to thank Sir
Nigel very much, on behalf of the whole Board, for the
energy, knowledge and insight that he has brought to the
Chairman's role since the Company was established. He has
guided Yatra throughout its life to date, and leaves it well
positioned as we enter the next phase of the Company's life.
I thank him also for his kind wishes and heartily reciprocate
them."
Shahzaad Dalal on behalf of the Investment Manager added: "We
would like to thank Sir Nigel for his leadership, guidance,
and stewardship since the Company's inception. His
consensual approach, deep understanding based on his abiding
relationship with India, as well his business acumen have
been a great
source of strength to the Investment Manager. We wish Sir
Nigel all the very best"
Yatra Capital Limited
45 La Motte Street, St Helier, Jersey, JE4 8SD
Telephone 44 (0)1534 702 835 Facsimile 44 (0)1534 702 870 E-mail: info@yatracapital.com www.yatracapital.com
Enquiries to: LCF Edmond de Rothschild | ||
Securities (Corporate Broker) | Hiroshi Funaki | +44 (0) 207 845 5960 |
Royal Bank of Scotland NV (Listing Agent) | Derek Van Dam | +31 (0) 20 383 6779 |
College Hill | Mike Davies | +44 (0) 20 7457 2020 |
IL & FS Investment Advisors | Vijay Ganesh | +230 403 4384 |
