Directorate Change

RNS Number : 3656Y

Aberdeen Asian Smaller Co's Inv Tst

23 January 2014

 



ABERDEEN ASIAN SMALLER COMPANIES INVESTMENT TRUST PLC (the "Company")

Appointment of Director

23 January 2014

As part of the continuing process of succession planning, the Board of Aberdeen Asian Smaller Companies Investment Trust PLC is delighted to announce the appointment of Philip Yea as an independent non-executive Director of the Company with effect from 23 January 2014.

Nigel Cayzer, Chairman, commented:

"I would like to welcome Philip to the Board.  Philip has extensive executive and non executive board level experience and brings significant further international business and technical experience to the Board."

Philip was, until 2009, chief executive of 3i Group plc and prior to that served as a managing director at Investcorp Bank the Bahrain listed private equity firm and was group finance director at Diageo plc.  He is currently a non-executive director of Vodafone Group Plc, a trustee director of the Francis Crick Institute, Chairman of the Trustees of the British Heart Foundation and senior business adviser to H.R.H. The Duke of York.

In accordance with Listing Rule 9.6.13 (1):

Philip Yea is currently a director of Vodafone Group plc and has been a director of the following listed company within the last five years:

3i Group plc

Philip Yea has a beneficial interest in 2,063 Ordinary shares (representing 0.005% of the shares in issue).

In relation to this appointment, there is no additional information required to be disclosed in accordance with Listing Rules 9.6.13 (2) - (6).

For further information, please contact:

Charles Mearns

Aberdeen Asset Management PLC

Secretaries

Tel. [phone]

 

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