REG - Sequoia Econ Infra - Board Changes

Sequoia Economic Infrastructure Income FundAnnouncement

24/03/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250324:nRSX5558Ba&default-theme=true

RNS Number : 5558B  Sequoia Economic Infra Inc Fd Ld  24 March 2025

24 March 2025

 

Sequoia Economic Infrastructure Income Fund Limited

(the "Company" or "SEQI")

 

Board Changes

 

The Board announces that, following a close family bereavement, Fiona Le
Poidevin has decided to step down as a non-executive director of the Company
with effect from 31 March 2025. The Board wishes to express its sincere thanks
to Fiona for her invaluable contribution to the Board and as Chair of the
Audit Committee. Margaret Stephens has assumed the position of Chair of the
Audit Committee with immediate effect. Margaret is a qualified Chartered
Accountant and is an experienced audit committee chair including for
investment companies.

 

An external independent search process is underway to identify a suitable
Guernsey resident non-executive director to replace Fiona.

 

Furthermore, the Board decided to appoint an additional UK resident
non-executive director to reflect the Board's requirement to evaluate and
support the selection of new investments, portfolio management and its
approach to ongoing risk management and ESG related matters. The Board would
therefore have sufficient expertise and capacity to take over the work of the
Independent Consultants to the Board, making this responsibility more
efficient.

 

Following an extensive independent search the Board is pleased to announce the
appointment of Selina Sagayam as a non-executive Director of the Company with
effect from 1 April 2025, and she will assume the position of Chair of the ESG
& Stakeholder Engagement Committee.

 

Selina was Senior Counsel at Gibson, Dunn & Crutcher where she also led
the firm's Environment, Social and Governance Practice until her retirement
from the firm in 2024. She has extensive experience as a mergers &
acquisitions, corporate governance, financial services and regulatory law
adviser as well as being seconded as the Secretary to the UK Panel on
Takeovers and Mergers. She is a trustee and Vice Chair of the charity Refuge.
Selina is British and resident in the United Kingdom.

 

Selina is currently a Non-Executive Director of The Renewables Infrastructure
Group Limited and has previously been a Non-Executive Director of Hastings
Group Holdings Plc.

 

James Stewart, Chair, commented:

 

 

"On behalf of the Board, I thank Fiona for her invaluable contribution to SEQI
and wish her and her family the best for the future.

 

I am delighted to welcome Selina to the Board. Her extensive corporate finance
and legal experience, together with her strong ESG credentials will be of
great benefit to the Company."

 

 

No further disclosures are required for Selina Sagayam in respect of
paragraphs 6.4.8R of the Financial Conduct Authority's Listing Rules.

 

For further information please contact:

 

 Sequoia Investment Management Company                                                                           +44 (0) 20 7079 0480

 Steve Cook

 Dolf Kohnhorst

 Randall Sandstrom

 Anurag Gupta

 Jefferies International Limited (Investment Banking) (Joint Corporate Broker                                    +44 (0) 20 7029 8000
 & Financial Adviser)

 Gaudi Le Roux

 Stuart Klein

 J.P. Morgan Cazenove (Joint Corporate Broker & Financial Adviser)      +44 (0)207 742 4000

William Simmonds

Jeremie Birnbaum

 
 Teneo (Financial PR)                                                   +44 (0) 20 7353 4200

 Martin Pengelley

 Elizabeth Snow

 Faye Callow

 Apex Fund and Corporate Services (Guernsey)  Limited                   +44 (0) 20 3530 3107

 Aoife Bennett

 

About Sequoia Economic Infrastructure Income Fund Limited

 

The Company is a Guernsey registered closed-ended investment company that
seeks to provide investors with regular, sustained, long-term distributions
and capital appreciation from a diversified portfolio of senior and
subordinated economic infrastructure debt investments. The Company is advised
by Sequoia Investment Management Company Limited.

 

LEI: 2138006OW12FQHJ6PX91

 

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAURONRVRUOUAR