Directorate Change

RNS Number : 6999O

Standard Life UK Small.Co's Tst PLC

22 August 2017

 

STANDARD LIFE UK SMALLER COMPANIES TRUST PLC ("the Company")

22 AUGUST 2017

NOTIFICATION OF BOARD CHANGES

As announced on 27 February 2017 in the Half Yearly Financial Report for the six months ended 31 December 2016, David Woods intends to retire as a non-executive Director of the Company at the next Annual General Meeting in October 2017. 

In accordance with the Listing Rules, following the merger of Standard Life plc and Aberdeen Asset Management PLC, Mr Woods is no longer considered independent as he holds two non-executive directorships of investment trusts managed by the combined group. Accordingly, the Board announces that effective today, it is bringing forward the changes previously announced.

Mr Woods has stepped down as Chairman but will remain a non-executive Director of the Company until his proposed retirement in October 2017.

As planned and following Mr Woods' retirement as Chairman, Allister Langlands has stepped down from his position as Chair of the Audit and Management Engagement Committee and has assumed the role of Chairman of the Company with effect from today. In addition, with effect from today, Caroline Ramsay has been appointed Chair of the Audit and Management Engagement Committee.

Mandy Kelly

Maven Capital Partners UK LLP

Company Secretary

Enquiries: 0141 206 0124

 

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