Ventus VCT plc Changes to the Board of Directors (3200O)
October 01 2019 - 4:33AM
UK Regulatory
TIDMVEN TIDMVENC TIDMVEND
RNS Number : 3200O
Ventus VCT plc
01 October 2019
Ventus VCT plc
1(st) October 2019
Changes to the Board of Directors of Ventus VCT plc (the
"Company")
The Board of Ventus VCT plc announces today that it is making
changes to its composition to address views expressed by
shareholders at the time of the AGM. 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 of Ventus VCT plc is pleased to announce the
appointment of Nicholas Curtis as a non-executive director of the
Company with effect from 1(st) October 2019.
Nicholas' career in finance and business has spanned more than
30 years. Nicholas is a Chartered Accountant, having qualified with
Coopers & Lybrand in (1988 - 1992). He worked for Edison
Mission Energy, developing and acquiring thermal and renewable
energy assets in the UK and Europe (1992 - 1998). Nicholas has
extensive project finance and structuring skills having worked for
Barclays Capital in the infrastructure and renewables sector (1998
- 2011). In 2011, Nicholas left banking to set up a renewables
business, primarily focusing on small scale hydro and wind. He now
owns and operates twelve renewable assets.
In addition to his finance and sector expertise, Nicholas is a
significant shareholder in the Company. The Directors are confident
that his appointment will enhance and complement the skill and
knowledge of the Board, and that this increased shareholder
representation is vital to prepare for the continuation vote to be
held at the Company's 2020 AGM.
Nicholas owns 187,569 ordinary shares and 40,687 "C" shares of
Ventus VCT plc.
Nicholas also owns 261,603 ordinary shares and 25,687 "C" shares
of Ventus 2 VCT plc.
Chris Zeal and Lloyd Chamberlain will resign from the Board of
the Company with effect from
1(st) October 2019 and will take up seats on the board of Ventus
2 VCT plc.
Following the appointment of Nicholas and the resignations of
Chris and Lloyd, the Board will comprise three directors, David
Williams, Jo Dixon, and Nicholas Curtis.
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END
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