Strategic Equity Cap Company update

 
TIDMSEC 
 
Strategic Equity Capital plc 
 
20 February 2017 
 
Company update 
 
The Board of Strategic Equity Capital plc (the "Company") understands that 
Harwood Capital Management ("Harwood") and its representatives, of their own 
volition, are speaking to the Company's shareholders with a view to promoting a 
scheme that would result in Harwood, or an affiliate thereof, managing some or 
all of the Company's assets. 
 
The Board has been informed that Stuart Widdowson, the Company's former lead 
portfolio manager at GVQ Investment Management Limited ("GVQIM"), will be 
associated with Harwood in due course in establishing a new venture. 
 
The Board has been advised by its manager, GVQIM, that Stuart Widdowson will 
not be in a position to put himself forward to manage some or all of the 
Company's assets for a period of up to 18 months pursuant to the terms of his 
employment contract with GVQIM. 
 
As stated in the Company's recently published Interim Report, the Board 
continues to place strong corporate governance very highly on the agenda and 
monitors the performance of all the Company's service providers, including 
GVQIM, closely and regularly and will continue to act in the best interests of 
all shareholders. 
 
Enquiries: 
 
Richard Hills (Chairman)                 0131 538 1400 
 
PATAC Limited (Secretary)             0131 538 1400 
 
Canaccord Genuity Limited             020 7523 8000 
Andrew Zychowski 
Lucy Lewis 
 
Buchanan                                   020 7466 5000 
Richard Darby 
Charles Ryland 
 
 
 
END 
 

(END) Dow Jones Newswires

February 20, 2017 10:24 ET (15:24 GMT)