21 October 2024
Baronsmead Second Venture
Trust plc
("BSVT" or the "Company")
Directorate
Change
In accordance with UK Listing Rule
6.4.6, the Company announces that after serving almost nine years
on the Board, and in line with the Company's Tenure and
Reappointment Policy, Malcolm Groat has informed the Board of his
intention to step down as a Non-Executive Director and Chair of the
Audit & Risk Committee with effect from 31 December 2024.
Malcolm is also the Senior Independent Director.
The Board is pleased to announce the
appointment of Adriana Stirling as an independent Non-Executive
Director of the Company with effect from 1 December 2024. Adriana
will succeed Malcolm as the Chair of the Audit & Risk Committee
from 31 December 2024. The Board has nominated Graham McDonald as
the Senior Independent Director with effect from 31 December
2024.
Adriana qualified as a chartered accountant with PWC and
developed extensive organisational and financial crime technical
expertise over her 17 years there, leading client engagements
across financial and non-financial service industries, spanning the
public and private sectors. In 2014, Adriana became the Managing
Director of a private family office and has overall responsibility
for the investment and operational aspects of the office, including
managing significant shareholder positions in several unquoted
companies.
Sarah Fromson, Chair of the Company,
commented:
We
would like to thank Malcolm for his huge contribution to the
success of BSVT during his tenure as a Non-Executive Director and
as Chair of the Audit & Risk Committee and we wish him well for
the future.
We
are excited to welcome Adriana to BSVT as a Non-Executive Director
and to succeed Malcolm as Chair of the Audit & Risk Committee.
Her experience and skills will complement those of other Board
members, and we look forward to her input and
contribution.
No further items require disclosure
under UK Listing Rule 6.4.8 regarding Adriana Stirling's
appointment.
For further information, please
contact:
Baronsmead VCT Investor Relations
020 7382 0999
baronsmeadvcts@greshamhouse.com
LEI: 2138008D3WUMF6TW8C28
