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RNS Number : 7096K AssetCo PLC 16 April 2024
16 April 2024
LEI: 213800LFMHKVNTZ7GV45
AssetCo plc ("AssetCo" or the "Company")
Retirement of Director
As noted in its recent Report and Accounts, AssetCo has agreed in principle
terms for the Group to withdraw from its infrastructure business, River and
Mercantile Infrastructure LLP. This will enable the Group to focus on its
listed equities business, River Global Investors, and its minority equity
interest in Parmenion Capital Partners LLP. In anticipation of this, Peter
McKellar has confirmed his intention to retire as Deputy Chairman of AssetCo,
enabling him to concentrate on his non-executive roles at various other listed
companies. Peter will retire as a Director of AssetCo with effect from 30
April 2024 by which time the Group expects to have exited its Infrastructure
business.
Martin Gilbert, Chairman, said, "I would like to thank Peter for his
significant contribution to the development of AssetCo since we bought into
the Company in January 2021, and I understand his reasons for wanting to
retire. Peter will remain a significant shareholder in the Company."
For further information, please contact:
AssetCo plc Deutsche Numis
Gary Marshall, CFOO Nominated adviser and joint broker
Peter McKellar, Director Giles Rolls / Charles Farquhar
Tel: +44 (0) 7788 338157 Tel: +44 (0) 20 7260 1000
Panmure Gordon (UK) Limited H/Advisors Maitland
Joint broker Neil Bennett
Atholl Tweedie Rachel Cohen
Tel: +44 (0) 20 7886 2500 Tel: +44 (0) 20 7379 55151
For further details, visit the website, www.assetco.com
(http://www.assetco.com)
Ticker: AIM: ASTO.L
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