Directorate Change

Fair Oaks Income Limited

22 April 2024

 

22 April 2024

FAIR OAKS INCOME LIMITED

(the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Appointment of Non-Executive Director

The Board of the Company is pleased to announce the appointment of Trina Le Noury as a non-executive Director of the Company with effect from 22 April 2024.

Mrs Le Noury is a Chartered Accountant with more than 20 years' experience working in the funds industry, having begun her career with Northern Trust, Guernsey where she trained & qualified as an accountant within the fund administration business.

Mrs Le Noury has held senior management positions at two separate private equity firms, Apax Partners and Hedosophia, including holding directorships on each of the respective firms' fund General Partner boards. She currently serves on the board of Tufton Oceanic Assets Limited and JPEL Private Equity Limited, both London listed investment companies, as well as on four private company boards for a leading global private equity firm.

Trina holds a Master's degree in Mathematics, from the University of Aberdeen, and a Diploma in Company Direction. She is a Fellow of the Association of Chartered Certified Accountants and a member of the Institute of Directors.

Commenting on Mrs Le Noury's appointment, Richard Burwood, Board Chair, said:

"I am delighted to welcome Trina to the Board. Her wide-ranging experience in the investment industry will strengthen the Board's skill base and contribute towards the increased diversity of the Board, allowing for the Board's commitment of a minimum of 40% female representation to be met. Her finance background also finds her well-placed as successor to Jon Bridel as the Audit Chair at the end of the year."  

The Board additionally note that the Company now meets the targets specified in the Listing Rules 9.8.6R(9)(a)(i) with the Board now comprising 50 percent women. 

There are no other matters in respect of Listing Rule 9.6.13 of the Financial Conduct Authority's Listing Rules, to be declared.

Enquiries:

Fair Oaks Income Limited

Email: [e-mail]

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: [phone]

Email: [e-mail]

Sanne Fund Services (Guernsey) Limited

Email:  [e-mail]

Numis Securities Limited

Nathan Brown, Investment Banking

DDI: [phone]

Email: [e-mail]

Liberum Capital Limited

Chris Clarke, Investment Banking

DDI: [phone]

Email: [e-mail]

Fair Oaks Income Limited

Fair Oaks Income Limited is a registered closed-ended investment company incorporated in Guernsey. The Company was admitted to trading on the Specialist Fund Market of the London Stock Exchange (now the Specialist Fund Segment of the Main Market of the London Stock Exchange) on 12 June 2014.

The investment policy of the Company is to invest (either directly and/or indirectly through FOIF II LP and FOMC III LP) in US and European CLOs or other vehicles and structures which provide exposure to portfolios consisting primarily of US and European floating-rate senior secured loans and which may include non-recourse financing.

 

END