REG - GCP Infra Inv Ltd - Directorate Change

GCP Infrastructure InvestmentsAnnouncement

13/02/2025 13:45

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RNS Number : 0576X  GCP Infrastructure Investments Ltd  13 February 2025

13 February 2025

GCP Infrastructure Investments Limited

(the "Company" or "GCP Infra")

LEI: 213800W64MNATSIV5Z47

Board Composition Changes

The Board of Directors of GCP Infra, "the Board", announces the following
Board and Committee changes.

 

As communicated in the Company's Annual Report and Accounts, Michael
Gray notified the Board of his intention to retire as a Non-Executive
Director and Chair of the Investment Committee at the conclusion of the
Company's 2025 Annual General Meeting ("AGM"). Following the conclusion of
the AGM, we confirm that Michel Gray has retired with effect from today, 13
February 2025.

 

The Board is pleased to announce the appointment of Ian Brown as a
Non-Executive Director of the Company with effect from today. Ian has also
been appointed as a member of the Investment Committee, Management Engagement
Committee and the Sustainability Committee.

 

Ian is a United Kingdom resident, a banker and investor with over 35 years of
experience. He is currently the Head of Banking and Investments at the UK's
National Wealth Fund (formerly the UK Infrastructure Bank) where he sits on
the Fund's executive and investment committees. Before this role, Ian was Head
of Private Markets at LGPS Central, where he was responsible for the
establishment and investment of a number of infrastructure, private equity and
private credit funds of funds. Prior to LGPS Central, Ian held senior
leadership roles at Lloyds Banking Group and was a member of Lloyds' credit
committee for 14 years. Ian joined Lloyds from UBS, where he was a Managing
Director in the leveraged and acquisition finance business.

 

There are no details requiring disclosure in respect of this appointment under
paragraph 6.4.8 of the UK Listing Rules of the FCA

 

This addition to the Board is being made as part of the Company's medium-term
Board stability and succession plan, in order to achieve an orderly evolution
of the Board composition.

 

Committee Changes

With effect from 13 February 2025:-

 

Alex Yew, Non-Executive Director, will take over as Chair of the Investment
Committee.

 

Michael Gray will not be replaced on the Nomination Committee for the short
term. Following the appointment of Julia Chapman's successor when she retires
from the Board later in 2025, the Board will review each of its committee's
responsibilities and composition.

 

Andrew Didham, Chairman, commented, "I would like to thank Michael for his
invaluable support, dedicated service and contribution to the Company over the
past 10 years. The Board would like to wish Michael continued success in the
future, and we are delighted to welcome Ian to the Board. He will bring core
strengths and a wealth of relevant experience which will ensure that the
evolving Board maintains the required complementary range of skills, as we
continue the implementation of our capital allocation programme and strategy.

 

For further information, please contact:

 Gravis Capital Management Limited  +44 (0)20 3405 8500

 Philip Kent

 Max Gilbert

 Cameron Gardner

 RBC Capital Markets                +44 (0)20 7653 4000

 Matthew Coakes

 Elizabeth Evans

 Stifel Nicolaus Europe Limited     +44 (0)20 7710 7600

 Edward Gibson-Watt

 Jonathan Wilkes-Green

 Burson Buchanan Limited            +44 (0)20 7466 5000

 Helen Tarbet

 Samuel Adams

 Henry Wilson

 

Notes to Editors

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose
shares are traded on the main market of the London Stock Exchange. Its
objective is to provide shareholders with regular, sustained, long-term
distributions and to preserve capital over the long term by generating
exposure to UK infrastructure debt and related and/or similar assets.

The Company primarily targets investments in infrastructure projects with long
term, public sector-backed, availability-based revenues. Where possible,
investments are structured to benefit from partial inflation protection. GCP
Infra is advised by Gravis Capital Management Limited.

GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark
in recognition of its contribution to positive environmental outcomes.

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