KKV Secured Loan Fund Limited Board Changes (6683D)

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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October 29, 2020 12:09 ET (16:09 GMT)