REG - Herald Inv Trust PLC - Directorate Change

Herald Investment TrustAnnouncement

20/06/2022 10:00

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RNS Number : 4552P  Herald Investment Trust PLC  20 June 2022

Herald Investment Trust plc (the "Company")

 

LEI: 213800U7G1ROCTJYRR70

 

 

Appointment of Andrew Joy as a non-executive director

 

Following a comprehensive selection process, conducted using a third-party
search firm, Herald Investment Trust plc is pleased to announce the
appointment of Andrew Joy as an independent non-executive director and
chairman-designate of the Company with effect from 1 October 2022. Andrew is
expected to succeed Tom Black as the Company's Chairman at the conclusion of
the next AGM in April 2023 when Tom will stand down from the Board having
completed nearly ten years of service. During the interim period, Tom will
work closely with Andrew to ensure an orderly transition.

 

Andrew is currently chairman of The Biotech Growth Trust plc, a position he
has held since July 2016 having joined the board in 2012 as a non-executive
director. The Biotech Growth Trust has announced that Andrew is expected to
retire from that role in July 2022.  He is also a senior advisor of
Stonehage Fleming, a leading international multi-family office, chairman of
the investment committee of FPE Capital and is a trustee of several charities.
For one of these charities, he chairs the investment committee of a £300
million endowment.

 

Andrew is highly regarded for his extensive knowledge of the financial sector
and of the high-growth part of the smaller company sector. He was one of the
founding partners of Cinven, a leading private equity firm investing in Europe
and U.S. and has been chairman or director of numerous growth companies over
the past 30 years. He is former chairman of the British Venture Capital and
Private Equity Association and a director of the European Venture Capital
Association.

 

There is no other information required to be disclosed under section 9.6.13 of
the Listing Rules in respect of Andrew Joy.

 

20 June 2022

 

Enquiries

 

Sanne Fund Services (UK) Limited

Shilla Pindoria 020 3327 9720

Company Secretary

 

 

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