KKV Secured Loan Fund Limited Board Changes (6683D)
30 October 2020 - 3:09AM
UK Regulatory
TIDMKKVL
RNS Number : 6683D
KKV Secured Loan Fund Limited
29 October 2020
29 October 2020
KKV Secured Loan Fund Limited
LEI: 2138007S3YRY3IUU4W39
Board Changes
The Board of KKV Secured Loan Fund Limited (the "Company")
recently announced the intention to put forward proposals for a
managed wind-down of the Company. The Directors have also been
giving consideration to Board composition as the Company moves
towards a managed wind-down, reflecting feedback from shareholders,
including a reduction in the size of the Board and the addition of
individuals that have experience in managed wind-down
scenarios.
In light of this, the Board announces that Mr Chris Spencer and
Dr Jacqueline Redmond have agreed to step down from the Board with
effect from 30 October 2020. In addition, Mr Paul Meader intends to
step down from the Board following the publication of the Company's
annual report and accounts for the year-ended 30 June 2020.
The Board has commenced a search for additional directors with
the right mix of skills for the managed wind-down of the Company.
Subject to identifying those new directors, it is expected that
further Board changes will be announced with the intention being
that, at the conclusion of this process, the Board will comprise
four directors. However, subject to the views of the then
directors, there may be the potential to reduce the size of the
Board further as the wind-down of the Company progresses.
The Board would like to thank each of Mr Spencer, Dr Redmond and
Mr Meader for their substantial contributions to the Board and wish
them every success in the future.
For further information please contact:
KKV Secured Loan Fund Limited via the Company Secretary
Peter Niven
Brett Miller
BNP Paribas Securities Services S.C.A., Guernsey
Branch
Company Secretary 01481 750 853
Winterflood Securities Limited
Neil Langford 020 3100 0000
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