REG - Intuitive Invests.Gp - IIG appoints Sir Nigel Rudd as its next Chairman

Intuitive InvestmentsAnnouncement

11/07/2023 07:00

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RNS Number : 5547F  Intuitive Investments Group plc  11 July 2023

 

Intuitive Investments Group plc ("IIG")

 

IIG appoints Sir Nigel Rudd as its next Chairman

 

IIG, a closed-end investment company currently focussed on the life sciences
sector, today announces the appointment of Sir Nigel Rudd as its next
Chairman.

Sir Nigel will become IIG's Independent Non-Executive Chairman subject to
admission of the Company to the Specialist Fund Segment of the London Stock
Exchange's Main Market, which is expected to take place on around 8 August
2023.  Concurrently, Julian Baines MBE, the present Non-Executive Chair of
the Company, will step down as Chairman and will become an independent
non-executive Director of IIG.

Sir Nigel is an experienced Chairman of listed businesses and investor in
emerging growth companies and SMEs. Over the past 25 years, he has chaired
companies such as Pendragon plc, the automotive retailer; Pilkington, a
manufacturer of glass and glazing systems; Alliance Boots, a global retail
pharmacy; Heathrow, the UK airport; Invensys plc, an engineering firm;
Business Growth Fund, an investor in growth companies; Signature Aviation plc,
the aviation firm; and Meggitt plc, the aerospace and defence firm.  Sir
Nigel occupied a seat on the Barclays Bank Board for more than 12 years,
latterly as Deputy Chairman, retiring in 2008.

Sir Nigel is currently a Non-Executive Director of Sappi Limited, a renewable
resource company.  Sir Nigel is best known for his role in the 1980s at
Williams plc, which he turned into a FTSE 100 Company.  Williams plc remained
one of the largest industrial holding companies in the UK until its demerger
in 2000 into two separate entities, Chubb and Kidde.

As part of his role, Sir Nigel will join the Remuneration Committee and chair
the Nominations Committee.

Sir Nigel Rudd said: "I am delighted to be joining IIG as Chair and look
forward to working with the team on the exciting opportunities that lie
ahead."

Julian Baines said: "I look forward to working with Sir Nigel as IIG's next
Chair. Sir Nigel has tremendous know-how with growing companies - it is a
testament to our ambition that we have been able to attract someone of Sir
Nigel's calibre and experience."

 Intuitive Investments Group plc                      www.iigplc.com (http://www.iigplc.com/)
 Julian Baines, Non-Executive Chairman                Via FTI Consulting

 Robert Naylor, CEO
 SP Angel Corporate Finance LLP - Nominated Adviser   +44 (0) 20 3470 0470
 Jeff Keating / David Hignell / Kasia Brzozowska
 Turner Pope Investments (TPI) Ltd - Broker           +44 (0) 20 3657 0050
 Andrew Thacker / James Pope
 FTI Consulting
 Jamie Ricketts / Charlotte Stephen / Joshua Ayodele  IIG@fticonsulting.com

 

About Intuitive Investments Group plc

IIG is an investment company seeking to provide investors with exposure to a
portfolio concentrating on fast growing and / or high potential Life Sciences
businesses operating predominantly in the UK, continental Europe and the US,
utilising the Board's experience and in particular that of the chairman of the
Investment Committee, David Evans, to seek to generate capital growth over the
long term for shareholders.

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the
European Union (Withdrawal) Act 2018.  Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

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