Phaunos Timber Fund Limited Directorate Change (0260M)
25 July 2017 - 8:24PM
UK Regulatory
TIDMPTF
RNS Number : 0260M
Phaunos Timber Fund Limited
25 July 2017
Phaunos Timber Fund Limited
("Phaunos" or the "Company")
25 July 2017
Directorate Change
Phaunos announces that the Board plans to appoint Brendan
Hawthorne as a non-executive Director of the Company, subject to
regulatory approval in Guernsey. Mr Hawthorne's biography is
appended to this announcement.
The Company discloses this and the following information
pursuant to Listing Rule 9.6.13 R. This disclosure is based upon
information provided by Mr Hawthorne.
Mr. Hawthorne has not held any directorships and appointments in
public quoted companies in the past five years.
Mr. Hawthorne has no details to disclose pursuant to Listing
Rule 9.6.13 R (2) to Listing Rule 9.6.13 R (6).
Brendan Hawthorne Biography
Brendan Hawthorne is a managing director at Duff & Phelps, a
global valuations and corporate recovery firm.
Based in London, Brendan has more than 20 years' experience as a
specialist in financial investigations and asset recovery. Brendan
has extensive multi-jurisdictional experience including having been
a director of, or professional advisor to the investors in, several
substantial hedge funds. He has previously been based in South
Africa, the UK, the UAE, Australia and Singapore.
Brendan earned a Bachelor of Commerce degree majoring in
accounting and finance, from the University of Natal in South
Africa and has a post graduate degree in Accountancy. He is a
Chartered Accountant, registered with the ICAEW in the UK and SAICA
in South Africa.
Enquiries:
Phaunos Timber Fund Limited (Chairman)
Sir Henry Studholme
Stafford Capital Partners Limited (Manager)
Michael Goodfellow, +44 (0)20 7535 4915
Winterflood Investment Trusts (Corporate Broker)
Joe Winkley, +44 (0)20 3100 0301
Media Enquiries:
Phoenix Financial PR
Gordon Puckey: +44 (0) 7799 767468
info@phaunostimber.com
Notes to Editors
Established in 2006, Phaunos Timber Fund Limited ("PTF" or "the
Company") invests in a concentrated, but diversified portfolio of
timberland and timber-related investments.
PTF is a Guernsey-domiciled authorised closed-ended investment
scheme, authorised by the Guernsey Financial Services Commission
under section 8 of The Protection of Investors (Bailiwick of
Guernsey) Law, 1987 (as amended) and the Authorised Closed-ended
Investment Schemes Rules 2008 made thereunder. The Company's
ordinary shares are traded on the Main Market of the London Stock
Exchange. www.phaunostimber.com
It was announced on 19 June 2017 that the Company's continuation
resolution had not been passed. The Board has stated that it will
put forward proposals to commence the process for an orderly
realisation of the assets of the Company.
The Company's ticker is PTF. www.phaunostimber.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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