Directorate change

Intermediate Capital Group plc (the "Company")

1 September 2017

Intermediate Capital Group plc - Directorate Changes

The Board of ICG is pleased to announce the appointment of Stephen Welton as a Non-Executive Director with effect from 1 September 2017.  

Kevin Parry, Chairman of the Company, said: "I am delighted that Stephen Welton has joined the Board as a Non-Executive Director. His chief executive role at the Business Growth Fund (BGF) means that he is perfectly placed to contribute to the Board on matters relating to strategy and business development.  I look forward to his extensive board and deep investment experience contributing to ICG's further development."

At the date of his appointment, Mr Welton holds 15,000 ordinary shares in the capital of the Company.

Contacts:

Ian Stanlake
Investor Relations, ICG plc
[phone]

Andy Lewis
Company Secretary, ICG plc
[phone]

NOTES TO EDITORS

Stephen Welton has been Chief Executive of BGF since its launch in 2011. Under his leadership, and with a capital base now of £2.5bn and 9 regional offices, BGF has grown to become the most active provider of growth capital for small and mid-sized companies across the UK. Stephen has over 25 years' experience in the development capital and private equity industry. He joined BGF after 10 years with CCMP Capital, an international private equity firm (formerly JP Morgan Partners). As an investor he has worked with growth companies around the world, most recently as Chairman of Edwards, the global engineering group headquartered in the UK.  Before this, he was Chairman and CEO of TV Travel Shop prior to its successful sale to a US multinational media group.  Stephen has also worked with Government, specifically as one of the Advisory Board for the establishment of the British Business Bank in 2013, and currently as a member of the Industry Panel advising the Treasury's Patient Capital Review.  Stephen started his career in banking and is a qualified Barrister-at-Law.

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Source: Intermediate Capital Group plc via Globenewswire