IBIS Media VCT 1 plc Directorate Change (7153S)

TIDMIBSA

RNS Number : 7153S

IBIS Media VCT 1 plc

26 September 2014

IBIS Media VCT 1 plc (the "Company") - Directorate Changes

In accordance with Listing Rule 9.6.11, the Company reports that:

-- Peter Williams resigned from his position as independent non-executive director and chairman of the Audit Committee with effect from 25 September 2014 and

-- Simon Jamieson resigned from his position as independent non-executive director with effect from 25 September 2014.

The remaining directors are Sir Robin Miller (chairman), Peter English, Lucy Macdonald, David Forster and Charles McIntyre.

Both Peter and Simon have served as members of the Company's investment committee and as directors of the Company since its formation. Peter also chaired the Company's audit committee. With the Company fully invested and now firmly focused on either nurturing its existing investments or seeking successful realisations, both Peter and Simon decided it was an appropriate time to step down from the board of directors. They leave with the thanks and good wishes of the board.

The Company's audit committee will now be chaired by Lucy Macdonald and Sir Robin Miller will join the committee. Peter English will succeed Lucy as chairman of the nomination and remuneration committee.

For further information please contact:

Robin Smeaton, The City Partnership (UK) Limited, Company Secretary: 0131 243 7210

This information is provided by RNS

The company news service from the London Stock Exchange

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