Directorate Change

RNS Number : 3297B

Downing Strategic Micro-Cap IT PLC

20 September 2018

 

DOWNING STRATEGIC MICRO-CAP INVESTMENT TRUST PLC ("the Company")

Board Appointment

Downing Strategic Micro-Cap Investment Trust PLC is pleased to announce the appointment of Dr Linda Bell as an Independent Non-Executive Director of the Company with effect from 19 September 2018.

Linda Bell is the CEO of Mirico Limited, a company commercialising laser spectroscopy into industrial applications, former CEO of PhosphonicS Limited (acquired by Carbosynth Holdings Limited in January 2017) and a director of Tomra Systems ASA, a Norwegian supplier of recycling and sorting equipment listed in Norway.   She is an Oxford graduate in Natural Sciences (Chemistry) and a DPhil in Inorganic Chemistry with an earlier career at ICI, Servomex and DS Smith.

The Board will once more be just four directors all of whom serve on all committees.

Hugh Aldous, Chairman, commented:

"I am delighted to welcome Linda to the Board of Downing Strategic Micro-Cap investment Trust PLC.  She is an experienced and respected business leader who will bring an inquiring mind and a depth of experience, including several years as CEO, to add to Downing Strategic Micro-Cap investment Trust PLC's  proactive investment style through strategic stakes taken to help small companies realise their potential".

For further information please contact:

Maitland Administration Services Limited

Kerry Higgins               01245 390960                        

Stockdale Securities Limited

Daniel Harris                020 7601 6137

At the date of this announcement, Linda has no holding in the ordinary shares of the Company.

There are no further details required to be disclosed pursuant to Listing Rule 9.6.13R.

 

END

 

 

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