Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Directorate Change

 
TIDMHR1O 
 
   Hazel Renewable Energy VCT1 plc 
 
   Directorate Change 
 
   LEI: 213800IVQHJXUQBAAC06 
 
   30 April 2018 
 
   The Board announces that Stephen Hay has decided to resign as Chairman 
and non-executive director with effect from 30 April 2018 in order to 
focus on his other business interests. 
 
   Stephen has been a non-executive director of the Company since its 
launch in 2010. He has acted as Chairman since July 2017 and oversaw the 
completion of a reorganisation of the Company which saw Gresham House 
Asset Management appointed as Investment Adviser in October 2017. The 
remaining director, Stuart Knight, commented "It has been a pleasure 
working with Stephen since I joined the Board and I am grateful for the 
commitment he has made of over the full tenure of his appointment in 
helping to deliver the Company to the position it is in today. On behalf 
of myself and the Directors of Hazel Renewable Energy VCT2, who have 
worked closely with the Company, I thank Stephen for his contribution 
and wish him every success with his other business interests." 
 
   The Board is also pleased to announce the appointment of Gill Nott to 
the Board of Directors with effect from 1 May 2018. Gill will also take 
over from Stephen Hay as Chairman. 
 
   Gill spent the majority of the first 27 years of her career working in 
the energy sector. In 1994 she became CEO of ProShare. Due to her work 
in the retail savings sector, she spent six years on the Board of the 
Financial Services Authority from 1998 to 2004. Gill has held a 
portfolio of non-executive positions, including roles with a number of 
VCTs and other the closed-end funds, over the last 15 years. 
 
   She was also a board member of the AIC from 2004 until 2014. She is 
currently chairman of JP Morgan Russian Securities plc and a 
non-executive director of Premier Global Infrastructure Trust plc and 
PGIT Securities 2020 plc. 
 
   Stuart Knight further commented "The Company undertook a formal process 
to identify candidates suitable to take over the role of chair of the 
Company, a process which yielded many high quality candidates and 
resulted in an offer being made to Gill. I am very pleased that Gill has 
agreed to join the Board and am looking forward to working with her. I 
am sure that her extensive experience in the VCT and closed-end funds 
sector generally will bring a new dimension to the Board." 
 
   Following Gill's appointment, the Board will still comprise two 
non-executive directors. A further process is underway to identify 
candidates for a third non-executive director. A further announcement 
will be made in due course, once this process is complete. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Hazel Renewable Energy VCT 1 plc via Globenewswire 
 
 
  http://www.hazelcapital.com 
 

(END) Dow Jones Newswires

April 30, 2018 12:48 ET (16:48 GMT)

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