Share Name Share Symbol Market Type Share ISIN Share Description
Ventus 2 Vct Plc LSE:VEN2 London Ordinary Share GB00B0WCHT14 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 76.00 74.50 77.50 0.00 0.00 0.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.7 1.4 5.8 13.2 19

Ventus 2 VCT PLC Changes to the Board of Directors

01/10/2019 9:37am

UK Regulatory (RNS & others)


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RNS Number : 3206O

Ventus 2 VCT PLC

01 October 2019

Ventus 2 VCT plc

1(st) October 2019

Changes to the Board of Directors of Ventus 2 VCT plc (the "Company")

The Board announces today that it is making changes to its composition, partly to address views expressed by shareholders at the time of the AGM and partly due to the retirement of certain directors. The Board believes the new arrangement provides an excellent balance of director skills and experience and is part of an ongoing plan to address the needs of shareholders in the run up to the 2020 Continuation Vote.

The Board is pleased to announce the appointment of Chris Zeal and Lloyd Chamberlain as non-executive directors of the Company with effect from 1(st) October 2019.

Chris has had a career as a financial adviser in the City spanning over 30 years, during which time he has provided advice to boardrooms of both large and small companies across a wide range of sectors, including some 20 FTSE 100 companies. Most recently he was Managing Director at Jefferies Hoare Govett (a division of Jefferies Inc.) specialising in corporate broking and investment banking. Prior to this, he held a similar role at Citigroup. Originally, he trained and qualified as a Chartered Accountant with KPMG.

Lloyd's career in finance and business has spanned more than 20 years; most recently as the founder and managing partner of Praxient Capital LLP, an FCA and SEC regulated investment manager. He was the portfolio manager for the Panther Fund strategy (2007-2015) using detailed fundamental research to invest across both equity and debt. Previously, Lloyd was a partner and portfolio manager at Pendragon Capital LLP, managing the Pendragon Excalibur Fund (2003-5). Lloyd has raised more than $500m from investors, delivering significant market outperformance. He gained a first-class degree in architecture from Cambridge before working as a management consultant at Bain & Company.

Lloyd holds 774,695 ordinary shares and 323,875 "C" shares in Ventus 2 VCT plc.

Lloyd also holds 15,000 ordinary shares and 196,513 "C" shares in Ventus VCT plc.

Chris holds 50,000 ordinary shares in Ventus VCT plc.

Immediately following these appointments, the Board will comprise four directors, Alan Moore, Jane Tozer, Chris Zeal and Lloyd Chamberlain.

Alan Moore intends to step down as Chairman and Director in the next few months during which period he will prepare to hand over the Chair to Lloyd Chamberlain. A further announcement will confirm this date.

Chris and Lloyd have been non-executive directors of Ventus VCT plc since 1(st) July 2018 and 14(th) June 2019 respectively, but both have resigned from its board with effect from 1(st) October 2019.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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October 01, 2019 04:37 ET (08:37 GMT)

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