Chairman and Senior Independent Director

RNS Number : 9590T

HICL Infrastructure Company Ld

24 July 2015

 



24 July 2015

HICL Infrastructure Company Limited

Chairman and Senior Independent Director

Further to the announcement of 14 May 2015 on proposed changes to the Board of Directors (and as set out in the Company's Annual Report and Accounts for the year ended 31 March 2015), the Company announces the following changes, which will take effect from 1 March 2016:

Ian Russell will become the Chairman of the Board of Directors, replacing Graham Picken; and

Frank Nelson will become the Senior Independent Director, replacing John Hallam.

Graham and John will continue in their roles as Chairman and Senior Independent Director respectively until that date to allow for an orderly handover of responsibilities. As communicated previously, both intend to stand down from the Board of Directors by no later than 30 June 2016.

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Enquiries

InfraRed Capital Partners Limited                                            [phone]

Tony Roper

Keith Pickard

Laurence Richardson

Harry Seekings

Tulchan Communications                                                            [phone]

Martha Walsh

Victoria Huxster

Canaccord Genuity Limited                                                         [phone]

David Yovichic

HICL Infrastructure Company Limited

HICL Infrastructure Company Limited ("HICL" or the "Company", and together with its subsidiaries the "Group") is a long term investor in infrastructure projects which are predominantly in their operating phase and yielding steady returns.  It was the first infrastructure investment company to be listed on the London Stock Exchange.  With a current portfolio of 101 social and transportation infrastructure investments with predominantly availability-based income streams, it is seeking further suitable investment opportunities which fit its stated Investment Strategy.

Further details of the Company can be found on its website www.hicl.com.

Investment Adviser - InfraRed Capital Partners Limited

The Investment Adviser to HICL is InfraRed Capital Partners Limited ("InfraRed") which has successfully invested in over 160 infrastructure projects since 1997.  InfraRed is a leading international investment manager focused on infrastructure and real estate.  It operates worldwide from offices in London, Hong Kong, New York, Paris, Seoul and Sydney.  With over 100 professionals it manages in excess of USD 8bn of equity capital in multiple private and listed funds, primarily for institutional investors across the globe.  InfraRed is authorised and regulated by the Financial Conduct Authority.

The infrastructure investment team at InfraRed consists of over 50 investment professionals, all with an infrastructure investment background and a broad range of relevant skills, including private equity, structured finance, construction, renewable energy and facilities management.

Further details of the Investment Adviser can be found on its website www.ircp.com.

 

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