Schroder Orientl Inc - Directorate Change
03/08/2023 07:05
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RNS Number : 1121I Schroder Oriental Income Fund Ltd 03 August 2023
Schroder Oriental Income Fund Limited
Directorate Change
Schroder Oriental Income Fund Limited (the "Company") notes the announcement
today that International Biotechnology Trust plc ("IBT") has decided to
appoint Schroder Unit Trusts Limited ("Schroders"), the Company's Alternative
Investment Fund Manager ("AIFM") as its AIFM. As a result of this
appointment, Kate Cornish-Bowden has advised the Board that she will resign as
a director of the Company prior to Schroders' appointment as IBT's AIFM, which
is expected in November 2023, in order that she continues to be deemed an
independent director of IBT.
The Board is commencing the process of appointing a successor.
Paul Meader, Chairman of the Company, said:
"On behalf of my fellow Directors, I would like to thank Kate for her
significant contribution as a non-executive director over the past five
years. We are really sorry to lose her expertise, wisdom and good humour
earlier than planned. We wish her well."
Enquiries:
Matthew Riley
Schroder Investment Management
Limited
Tel: 020 7658 6596
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