REG - AssetCo PLC - Directorate Change

AssetcoAnnouncement

16/04/2024 07:00

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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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