REG - Witan Inv Tst PLC - Witan Pacific Executive Management agreement

Witan Investment TrustAnnouncement

22/07/2020 07:05

RNS Number : 6879T
  
Witan Investment Trust PLC
  
22 July 2020
  
 

Witan Investment Trust plc
22 July 2020
Witan Pacific Executive Management agreement
 
Witan Investment Trust plc ("Witan") fully supports today's announcement by Witan Pacific Investment Trust plc ("Witan Pacific") of a Change of Investment Management Arrangements.
Witan Investment Services Limited ("WIS"), a wholly owned subsidiary of Witan, is executive manager of Witan Pacific whereby it supports the Board of Witan Pacific with the monitoring of its external investment managers and with administration and marketing services.
Earlier this year the Board of Witan Pacific undertook a review of its investment management arrangements. WIS has fully supported, and assisted in, the review and is pleased with the outcome of the process. Prior to the review, WIS indicated its readiness to cease its executive services role at a time to be mutually agreed with Witan Pacific, which is expected to be during September 2020. Witan has valued its 15-year relationship with Witan Pacific, commends the Board for its consistency in taking decisions which clearly prioritise the long-term interests of shareholders and wishes Witan Pacific well for the future.
 
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For further information please contact:
Andrew Bell, Chief Executive Officer
Witan Investment Trust plc
Tel: 020 7227 9770
Andrew.Bell@witan.co.uk
 
James Hart, Investment Director
Witan Investment Trust plc
Tel: 020 7227 9770
James.Hart@witan.co.uk
 
Alexis Barling, Director of Marketing 
Witan Investment Trust plc
Tel: 020 7227 9770
Alexis.Barling@witan.co.uk


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