Directorate Change

    RNS Number : 1464Z
  Gateway VCT PLC
  15 July 2008
   

    GATEWAY VCT PLC
    DIRECTORATE CHANGE

    Gateway VCT plc (the Company) announces the appointments of Neil Kennedy and Charles Scott as Directors of the Company, both
appointments being effective from 1 August 2008.

    Mr Kennedy has a BSc in Technology and Business Studies from the University of Strathclyde and is a Member of the Institute of Chartered
Accountants of Scotland. He currently provides corporate finance advice to private companies across the UK. From 1996 to 1998, he was
director in charge of private equity investment activities at British Linen Bank and from 1988 to 1996 he was the executive responsible for
deal sourcing and investment management and then director in charge of private equity investment activities at Clydesdale Bank PLC. He also
has experience in specialist planning, corporate restructuring and corporate finance and previously served as financial controller at
Poldrait Holdings, a privately owned engineering group. He is a director of Kennedy Corporate Development Limited.

    In accordance with paragraph 9.6.13 (1) of the Financial Services Authority's Listing Rules, the Company confirms that Mr Kennedy is not
currently a non-executive Director of any other public quoted company and has not held any other directorships of public quoted companies
within the last five years.

    Mr Scott is a Member of the Institute of Directors and of the Institute of Chartered Accountants of Scotland. He was a partner of Ernst
& Young from 1975 to 1993 where he co-ordinated financial services to a number of entrepreneurial, owner-managed companies across a wide
range of industrial sectors in the UK, as well as major Japanese and US engineering and manufacturing companies, before specialising in
financial services. Significant transactions in which he was involved included the demutualisation of FS Assurance into the Britannia Life
plc, the reorganisation of British Shipbuilders and a number of high-profile flotations. Charles is a director of Aberdeen Development
Capital PLC and EZD Limited and a senior business counsellor within the company development team at Glasgow Development Agency. Since
September 2000, he has been a senior business development advisor (innovation and electronic markets) at Targeting Innovation Limited, where
he has a portfolio of spin-out or new-start advanced engineering and software clients. He was chairman of Langside F E College until 2006 and now chairs the property group overseeing the £46 million
rebuild of the facility. He also was previously non-executive vice-chairman of Greater Glasgow Primary Care NHS Trust and has been a
business advisor for Speirs Gumley, Chartered Surveyors, and served as a director of a number of private companies.

    In accordance with paragraph 9.6.13 (1) of the Financial Services Authority's Listing Rules, the Company confirms that Mr Scott is a
non-executive Director of Aberdeen Development Capital PLC, a public quoted company and has not held any other directorships of public
quoted companies within the last five years.

    In respect of both appointments, there are no disclosures required to be made in respect of paragraphs 9.6.13 (2) - (6) of the Financial
Services Authority's Listing Rules.

    Mr Kennedy and Mr Scott do not currently hold any of the Company's Ordinary shares.

    Mr Kennedy and Mr Scott will both seek re-election at the Annual General Meeting of the Company to be held on 12 September 2008. Subject
to their re-election, it is intended that Michael Teacher and Neil Metcalfe will stand down as Directors after a suitable handover period.

    Issued on behalf of the Board
    Aberdeen Asset Management PLC, Secretary
    15 July 2008

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
BOASFDFMISASEFW