Phaunos Timber Fund Limited Directorate Change (replacement) (8005Q)
14 September 2017 - 11:56PM
UK Regulatory
TIDMPTF
RNS Number : 8005Q
Phaunos Timber Fund Limited
14 September 2017
The following amendments have been made to the 'Directorate
Change' announcement released on 13 September 2017 at 17:44 under
RNS No 6892Q.
The full amended text is shown below.
Phaunos Timber Fund Limited
14 September 2017
Directorate Change
The Company announces the resignation of Ian Burns as a Director
with effect from yesterday. Chairman, Richard Boléat said "I would
like to thank Ian for his diligent contribution to the
Company".
Ian has been replaced as Audit Chairman by Jon Bridel. Jon has
substantial experience in investment management and corporate
finance and has been CFO of two private multinational businesses.
He has several years listed company experience as both Audit
Chairman and Chairman and is a Chartered Accountant, Chartered
Fellow of the Chartered Institute for Securities & Investment
and a Chartered Marketer. He has an MBA from the University of
Durham, post graduate qualifications in Marketing and Company
Directorship and is a Member of the Institute of Directors.
Mr Boléat said "I am delighted to welcome Jon onto the Board.
His breadth of experience and qualifications combined with a
hands-on approach to management will be a welcome addition to the
Board. Mr Bridel also has invaluable experience in the wind up of
another listed company".
Pursuant to Listing Rule 9.6.13 R, Mr Bridel is currently a
director of the following publicly quoted companies: Alcentra
European Floating Rate Income Fund Limited, Starwood European Real
Estate Finance Limited, The Renewables Infrastructure Group
Limited, DP Aircraft I Limited, Fair Oaks Income Limited, Sequoia
Economic Infrastructure Income Fund Limited, Funding Circle SME
Income Fund Limited; and was previously a director of Aurora Russia
Limited and Altus Global Gold Limited.
No further disclosures are required under Listing Rule 9.6.13
R
Enquiries:
Phaunos Timber Fund Limited
Richard Boléat
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, PTFL invests in a concentrated, but
diversified portfolio of timberland and timber-related
investments.
PTFL 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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