Proposed Supervisory Board and Committee Changes

RNS Number : 1102G

BBGI Global Infrastructure S.A.

25 March 2022

 

25 March 2022

BBGI Global Infrastructure S.A.

(the "Company")

Proposed Supervisory Board and Committee Changes

The Company is delighted to announce the appointment of two new Non-Executive Supervisory Board Directors, Jungwha (June) Aitken and Andrew Sykes. Their appointment has received confirmation from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF) of no objection, but remains conditional on approval from the Company's shareholders at its AGM scheduled to be held 29 April 2022, with the appointments scheduled to become effective at the conclusion of the AGM. Further details of each individual is provided below.

Conditional upon receiving shareholders' approval of both appointments and the appointments therefore becoming effective, Ms Sarah Whitney has declared her intention to step down from her role as a member of the Audit Committee. Ms Whitney will remain in her roles as Chair of the Supervisory Board and Nomination Committee and member of the Remuneration Committee.

Appointment of June Aitken as a Member of the Supervisory Board

June Aitken has over 30 years of experience in global equity markets as an institutional stockbroker. She has held numerous senior roles at HSBC Bank plc, London, including as Global Head of Emerging Market Equity Distribution and Head of Strategy Management. Previously, Ms Aitken was a Managing Director at UBS (AG), Head of Global Equity Product, and Global Head of Asian Equities. Ms Aitken was a founding partner and investor of Osmosis Investment Management LLP, a specialist investment manager focused on environmental and responsible investment mandates for pension funds and endowments globally. Ms Aitken has been involved in establishing fund structures in multiple jurisdictions for several asset classes and also previously sat on the board of HSBC Bank Japan, Aquarius Fund, an Asian fixed income fund, Australian Securities Exchange listed Emerging Markets Masters Fund and the Asian Masters Fund Limited, Erudine Holdings Ltd, a financial software consultancy firm and the Shepherds Bush Housing Group.

Ms Aitken holds a degree in Politics, Philosophy and Economics from Oxford University, is a member of the Chartered Banker Institute and acts as a mentor to female entrepreneurs.

Ms Aitken is currently a Non-Executive Director of CC Japan Income & Growth Trust plc, JPMorgan Asia Growth and Income plc, MAXDA Markets, and Greengage Global Holding. She is Chair of PEAL Capital Partners UK Limited.

Appointment of Andrew Sykes as a Member of the Supervisory Board

Andrew Sykes has a wealth of financial services and non-executive experience and spent 26 years of his executive career at Schroders PLC. Mr Sykes was Chairman of SVG Capital plc until 2017, having served on the board since 2010 and as Chairman since 2012. He also served as Chairman of Smith & Williamson from 2013 to 2020.

He is an experienced director of UK listed companies with deep knowledge of the financial services sector and of Corporate Governance requirements.

Mr Sykes holds a Masters degree in Modern Languages from Oxford University.

Mr Sykes is currently a Non-Executive Director and Senior Independent Director of Intermediate Capital Group plc. He is also currently serving as their interim Chair whilst a permanent appointment is sought. Mr Sykes additionally serves as the Deputy Chair of the Governing Body of Winchester College, and is an external member of the Investment Committee of Nuffield College, Oxford.

Subject to shareholder approval of his appointment, Mr Sykes will additionally take the roles of the Chair of the Remuneration Committee and Senior Independent Director, replacing Mr Howard Myles, who will step down at the conclusion of the 2022 AGM.

There are no other details or disclosures required under LR 9.6.11 of the Listing Rules of the Financial Conduct Authority.

For further information, please contact:

BBGI Management Team	[phone]
Duncan Ball
Frank Schramm
Maitland/AMO (Communications adviser)	[phone]
James Benjamin	[e-mail]

NOTES

BBGI Global Infrastructure S.A. (BBGI) is a responsible infrastructure investment company and a constituent of the FTSE 250 that invests in and actively manages for the long-term a globally diversified, low-risk portfolio of essential social infrastructure investments.

BBGI is committed to delivering stable and predictable cash flows with progressive long-term dividend growth and attractive, sustainable, returns for shareholders. BBGI has a proactive approach to preserving and enhancing the value of its investments, and to delivering well maintained social infrastructure for communities and end users, whilst serving society by supporting local communities.

All of BBGI's investments are availability-based and supported by secure public sector-backed contracted revenues, with inflation-protection characteristics, that is paid so long as the assets are available for use.

BBGI's investment portfolio is over 99% operational with all its investments located across highly rated investment grade countries with stable, well developed operating environments.

BBGI's in-house management team is incentivised by shareholder returns and consistently maintains low comparative ongoing charges to shareholders.

Further information about BBGI is available on its website at www.bb-gi.com*.

The Company's LEI: 529900CV0RWCOP5YHK95

Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).

* Neither the Company's website nor the content of any website accessible from hyperlinks on its website (or any other website) is (or is deemed to be) incorporated into, or forms (or is deemed to form) part of this announcement.

 

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