REG - BBGI Global Infrast. - Proposed Supervisory Board and Committee Changes

BBGI Global Infrastructure SAAnnouncement

25/03/2022 14:30

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RNS Number : 1102G  BBGI Global Infrastructure S.A.  25 March 2022

25 March 2022

 

BBGI Global Infrastructure S.A.

(the "Company")

 

 

Proposed Supervisory Board and Committee Changes

The Company is delighted to announce the appointment of two new Non-Executive
Supervisory Board Directors, Jungwha (June) Aitken and Andrew Sykes. Their
appointment has received confirmation from the Luxembourg Commission de
Surveillance du Secteur Financier (CSSF) of no objection, but remains
conditional on approval from the Company's shareholders at its AGM scheduled
to be held 29 April 2022, with the appointments scheduled to become effective
at the conclusion of the AGM. Further details of each individual is provided
below.

Conditional upon receiving shareholders' approval of both appointments and the
appointments therefore becoming effective, Ms Sarah Whitney has declared her
intention to step down from her role as a member of the Audit Committee. Ms
Whitney will remain in her roles as Chair of the Supervisory Board and
Nomination Committee and member of the Remuneration Committee.

Appointment of June Aitken as a Member of the Supervisory Board

June Aitken has over 30 years of experience in global equity markets as an
institutional stockbroker. She has held numerous senior roles at HSBC Bank
plc, London, including as Global Head of Emerging Market Equity Distribution
and Head of Strategy Management. Previously, Ms Aitken was a Managing Director
at UBS (AG), Head of Global Equity Product, and Global Head of Asian Equities.
Ms Aitken was a founding partner and investor of Osmosis Investment Management
LLP, a specialist investment manager focused on environmental and responsible
investment mandates for pension funds and endowments globally. Ms Aitken has
been involved in establishing fund structures in multiple jurisdictions for
several asset classes and also previously sat on the board of HSBC Bank Japan,
Aquarius Fund, an Asian fixed income fund, Australian Securities Exchange
listed Emerging Markets Masters Fund and the Asian Masters Fund Limited,
Erudine Holdings Ltd, a financial software consultancy firm and the Shepherds
Bush Housing Group.

Ms Aitken holds a degree in Politics, Philosophy and Economics from Oxford
University, is a member of the Chartered Banker Institute and acts as a mentor
to female entrepreneurs.

Ms Aitken is currently a Non-Executive Director of CC Japan Income &
Growth Trust plc, JPMorgan Asia Growth and Income plc, MAXDA Markets, and
Greengage Global Holding. She is Chair of PEAL Capital Partners UK Limited.

Appointment of Andrew Sykes as a Member of the Supervisory Board

Andrew Sykes has a wealth of financial services and non-executive experience
and spent 26 years of his executive career at Schroders PLC. Mr Sykes was
Chairman of SVG Capital plc until 2017, having served on the board since 2010
and as Chairman since 2012. He also served as Chairman of Smith &
Williamson from 2013 to 2020.

He is an experienced director of UK listed companies with deep knowledge of
the financial services sector and of Corporate Governance requirements.

Mr Sykes holds a Masters degree in Modern Languages from Oxford University.

Mr Sykes is currently a Non-Executive Director and Senior Independent Director
of Intermediate Capital Group plc. He is also currently serving as their
interim Chair whilst a permanent appointment is sought. Mr Sykes additionally
serves as the Deputy Chair of the Governing Body of Winchester College, and is
an external member of the Investment Committee of Nuffield College, Oxford.

Subject to shareholder approval of his appointment, Mr Sykes will additionally
take the roles of the Chair of the Remuneration Committee and Senior
Independent Director, replacing Mr Howard Myles, who will step down at the
conclusion of the 2022 AGM.

There are no other details or disclosures required under LR 9.6.11 of the
Listing Rules of the Financial Conduct Authority.

 

For further information, please contact:

 

 BBGI Management Team                   +352 263 479-1
 Duncan Ball
 Frank Schramm

 Maitland/AMO (Communications adviser)  +44(0) 7747 113 930
 James Benjamin                         BBGI-maitland@maitland.co.uk

 

NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure
investment company and a constituent of the FTSE 250 that invests in and
actively manages for the long-term a globally diversified, low-risk portfolio
of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with
progressive long-term dividend growth and attractive, sustainable, returns for
shareholders. BBGI has a proactive approach to preserving and enhancing the
value of its investments, and to delivering well maintained social
infrastructure for communities and end users, whilst serving society by
supporting local communities.

All of BBGI's investments are availability-based and supported by secure
public sector-backed contracted revenues, with inflation-protection
characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments
located across highly rated investment grade countries with stable, well
developed operating environments.

 

BBGI's in-house management team is incentivised by shareholder returns and
consistently maintains low comparative ongoing charges to shareholders.

Further information about BBGI is available on its website at www.bb-gi.com*.

The Company's LEI: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where
applicable).

* Neither the Company's website nor the content of any website accessible from
hyperlinks on its website (or any other website) is (or is deemed to be)
incorporated into, or forms (or is deemed to form) part of this announcement.

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