Scot.American Inv. - Appointment of Director

Scottish American Investment

29/11/2023 09:17

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RNS Number : 0638V  Scottish American Investment Co PLC  29 November 2023

THE SCOTTISH AMERICAN INVESTMENT COMPANY P.L.C. (SAIN)

Legal Entity Identifier: 549300NF03XVC5IFB447

Appointment of Director

The Board is pleased to announce the appointment of Padmesh Shukla as a
non-executive Director of the Company with effect from 20 February 2024.
Padmesh is the CIO of the TFL Pension Fund, and has over 25 years of
investment experience, including 12 years in his current role at TFL. He was
formerly head of Climate Change Financing at the London Development Agency,
and prior to that he had worked at the World Bank, as a Researcher at Harvard
and in real estate. He is currently a member of the Church of England Pensions
Investment Committee.

 

At 29 November 2023, Mr Shukla had no beneficial interest in the shares of the
Company.

 

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

 

Lord Macpherson of Earl's Court, Chairman, commented: "We are delighted that
Padmesh has agreed to join the Board and are confident that his knowledge and
abilities will be of great benefit to SAINTS in the years ahead."

 

The appointment of Mr Shukla falls to be ratified by shareholders at the
Annual General Meeting of the Company to be held in 2024.

 

Baillie Gifford & Co Limited

Managers and Secretaries

29 November 2023

 

Regulated Information Classification: Additional regulated information
required to be disclosed under applicable laws.

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