Notice of Annual General Meeting
West Pioneer (AIM:WPR), a leading developer and operator of shopping malls in west and southern India, announces that in accordance with Article 45 of the Articles of Association, the Annual General Meeting of West Pioneer will be held at the Cumberland Hotel, 1-3 St. Johns Road, Harrow, Middlesex HA1 2EF, United Kingdom on Friday 6 February 2009 at 3pm.
The Notice of AGM and form for proxy were sent to shareholders on 10th January 2009 and an electronic copy is available on the Company’s website http://www.west-pioneer.com
For further information, please contact:
| Libertas Capital | |
| David Rae | Tel: +44(0) 20 7569 9650 |
Media Enquiries
| Abchurch Communications | |
| Heather Salmond / George Parker | Tel: +44 (0) 20 7398 7700 |
| heather.salmond@abchurch-group.com | |
| henry.ht@abchurch-group.com | www.abchurch-group.com |
Notes to Editors
West Pioneer is a leading developer and operator of high-quality consumer/retail centric shopping malls in India. It was established by the prominent Mumbai based Jatia family to pursue opportunities in the rapidly growing organised retail and hotel sectors in India. The Group intends to acquire land in strategic locations in west and southern India, primarily in Tier Two cities. The land will be used to build, own and manage shopping malls, hotels or mixed mall/ hotel complexes.
The real estate and property development skills of the Jatia family, and Amit Jatia in particular, have been integral to the establishment and ongoing development of McDonald's operations in India, providing expertise in site acquisition (identification, feasibility studies and negotiation) and site development (design, tendering, engagement and management of external consultants).
The shopping centres' design will focus upon a contemporary style with the aim of reducing development costs and ongoing energy consumption. West Pioneer has already commenced the development of its first shopping mall in Kalyan, 30 miles north-east of Mumbai. A thorough selection process of the retail mix has taken place and the project is expected to be completed by the second half of 2007.
The retail market opportunity in west and southern India is derived from a combination of a virtually unpenetrated organised retail environment, growth in the middle class population, greater transparency in the property market and improved infrastructure development which provides access to the market.