AssetCo PLC Directorate Change
16 April 2024 - 4:00PM
RNS Regulatory News
RNS Number : 7096K
AssetCo PLC
16 April 2024
16 April 2024
LEI: 213800LFMHKVNTZ7GV45
AssetCo plc ("AssetCo" or the
"Company")
Retirement of
Director
As noted in its recent Report and
Accounts, AssetCo has agreed in principle terms for the Group to
withdraw from its infrastructure business, River and Mercantile
Infrastructure LLP. This will enable the Group to focus on its
listed equities business, River Global Investors, and its minority
equity interest in Parmenion Capital Partners LLP. In anticipation
of this, Peter McKellar has confirmed his intention to retire as
Deputy Chairman of AssetCo, enabling him to concentrate on his
non-executive roles at various other listed companies. Peter will
retire as a Director of AssetCo with effect from 30 April 2024 by
which time the Group expects to have exited its Infrastructure
business.
Martin Gilbert, Chairman, said, "I
would like to thank Peter for his significant contribution to the
development of AssetCo since we bought into the Company in January
2021, and I understand his reasons for wanting to retire. Peter
will remain a significant shareholder in the Company."
For further information, please
contact:
|
AssetCo plc
Gary Marshall, CFOO
Peter McKellar, Director
Tel: +44 (0) 7788 338157
|
Deutsche Numis
Nominated adviser and joint broker
Giles Rolls / Charles
Farquhar
Tel: +44 (0) 20 7260 1000
|
|
|
|
|
Panmure Gordon (UK)
Limited
Joint broker
Atholl Tweedie
Tel: +44 (0) 20 7886 2500
|
H/Advisors Maitland
Neil Bennett
Rachel Cohen
Tel: +44 (0) 20 7379
55151
|
|
|
For further details, visit the
website, www.assetco.com
Ticker: AIM: ASTO.L
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END
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