Appointment of Non Executive Director


 

TIDMAURR 
 
RNS Number : 0110O 
Aurora Russia Limited 
22 June 2010 
 

22 June 2010 
 
                              Aurora Russia Limited 
                      Appointment of Non Executive Director 
 
Aurora Russia Limited (the "Company" or "Aurora Russia"), the AIM-quoted 
investment vehicle established to make equity or equity-related investments in 
small and mid-sized private companies in Russia, announces that it has appointed 
Alexandr Dumnov to its Board as a Non Executive Director with immediate effect. 
 
Mr Dumnov, aged 64, is a Russian national and has considerable experience 
working for and advising Russian companies.  He also has strong experience 
serving on the boards of both UK and Russian companies.  Most recently, Mr 
Dumnov was a member of the Board of Deloitte & Touche CIS from 1998 to 2007, 
after which he became a Non Executive Director of Trans-Siberian Gold plc, until 
2009.  He also served as a Non Executive Director of Siberian Mining and 
Metallurgical Alliance from 2003 until May 2010 and is presently a Non Executive 
Director of MDM Bank. 
 
Commenting on the appointment, Dan Koch, Chairman of Aurora Russia, said: 
 
"We are delighted to welcome Alexandr Dumnov to the Board.  He has considerable 
experience of working for and advising Russian companies at the top level and 
his expertise and contacts will be invaluable to the Company." 
 
Additional details are set out below: 
 
Alexandr Dumnov (64) 
 
Directorships in previous five years: Deloitte & Touche CIS, Trans-Siberian Gold 
plc and Siberian Mining and Metallurgical Alliance. 
 
Present directorships: MDM Bank OAO. 
 
Save for the information disclosed above there is no other information to be 
disclosed under schedule two, paragraph (g) of the AIM rules. 
 
 
 
Enquiries 
 
+--------------------------------------+ 
| Aurora Russia Limited                | 
| James Cook, Moscow        +7 495 580 | 
| 9749                                 | 
| John McRoberts, London  +44 20 7484  | 
| 4028                                 | 
|                                      | 
| Investec Investment Banking          | 
| Martin Smith                     +44 | 
| 20 7597 4000                         | 
|                                      | 
+--------------------------------------+ 
| Financial Dynamics                   | 
| Ed Gascoigne-Pees          +44 20    | 
| 7269 7132                            | 
| Sue I Ong                            | 
| +44 20 3077 0450                     | 
|                                      | 
+--------------------------------------+ 
|                                      | 
+--------------------------------------+ 
 
 
Notes to editors: 
 
Aurora Russia 
 
Aurora Russia floated on the Alternative Investment Market of the London Stock 
Exchange on 24 March 2006.  The Company has been established to make equity or 
equity related investments in small and mid-sized private Russian companies 
focused on the financial, business and consumer services sectors where the 
Directors of Aurora Russia believe there is potential for growth together with 
viable exit opportunities within two to four years of making such investments. 
The Company intends to provide its investee companies with the necessary capital 
to continue to expand and develop. Aurora Russia shall provide hands-on 
operational support to deliver significant step changes in performance and value 
creation. 
 
Aurora Russia will target companies with enterprise values of up to 
approximately GBP100 million and will seek to secure blocking or controlling 
stakes and board representation.  The Company intends generally to take equity 
stakes of greater than 20% in each portfolio company. It is anticipated that 
each equity investment will typically be between GBP5 million and GBP25 million. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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