REG - abrdn China Inv.Co. - Changes to Board Composition

abrdn China InvestmentAnnouncement

29/07/2022 14:45

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RNS Number : 3035U  abrdn China Investment Company Ltd.  29 July 2022

abrdn China Investment Company Limited

LEI: 213800RIA1NX8DP4P938

 

29 July 2022

 

Changes to Board Composition

 

Following the recent statement made in the Company's Half Yearly Report, the
Board is pleased to announce the following changes to its composition. All of
the changes will take effect from 1 August 2022.

 

Appointment of Director

The Board is pleased to announce the appointment of Mark Bridgeman as an
independent non-executive director of the Company. Until 2009, Mark had a 19
year executive career in fund management at Schroders plc, as an analyst, fund
manager and latterly Global Head of Research. Previous roles at Schroders
included Head of Pan European Research, Head of Global Sector Research and an
Emerging Markets Fund Manager. He is currently a non-executive director of
Utilico Emerging Markets Trust plc.

 

In the past five years, Mark has been a director of The Law Debenture
Corporation PLC, BlackRock Emerging Europe PLC and JPMorgan Brazil Investment
Trust PLC. He was Chairman of the Audit Committee for two of these companies,
The Law Debenture Corporation PLC and JPMorgan Brazil Investment Trust PLC.

 

Upon his appointment to the Board, Mark will take on the role of Chairman of
the Audit Committee.

 

Mark will stand for election at the Annual General Meeting to be held in 2023.

 

There are no other disclosures required under Section 9.6.13 of the Listing
Rules in relation to this appointment.

 

Chairman and Senior Independent Director

As previously indicated, Mark Hadsley-Chaplain will retire as Chairman and a
Director. He will be succeeded as Chairman by Helen Green, who is currently
Senior Independent Director and Chair of the Audit Committee.

 

Sarah MacAulay will be appointed as Senior Independent Director.

 

Commentary

The Board would like to thank Mark Hadsley-Chaplain for his significant
contribution to the Company as a Director since 2012 and Chairman since 2017,
and in particular in relation to the scheme of arrangement and change of
mandate of the Company in 2021.  The Board welcomes Mark Bridgeman as a
Director and looks forward to working with him and benefiting from his
extensive experience in the fund management sector.

 

Enquiries:

Aberdeen Standard Fund Managers Limited (Alternative Investment Fund Manager
to the Company)

 

Evan Bruce-Gardyne

Tel: +44 (0)7720 073216

 

Luke Mason

Tel +44 (0)207 463 5971

 

Sanne Fund Services (UK) Limited (UK Administration Agent)

Brian Smith

Tel: +44 (0)20 3327 9720

 

 

 

 

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