Board Refreshment and Directo

RNS Number : 7255M

Schroder AsiaPacific Fund PLC

28 May 2010

 



                                                                                                              28 May 2010

board refreshment and director change

At the Annual General Meeting held in January 2010, the Board announced its refreshment policy in order to clarify its future intentions in this regard and indicated that, during the current calendar year and to coincide with the continuation vote early in 2011, the Board will amend its composition so that long-serving Directors do not constitute the majority of the Board. As part of that planned refreshment policy, the Board is pleased to announce the appointment of a new Director of the Company, Mr Nicholas Smith, who has been appointed with effect from 28 May 2010.

Mr Smith, aged 58, is a Chartered Accountant. He joined the Jardine Fleming Group in 1986 in Hong Kong serving, from 2003, as Chief Financial Officer and as a member of the Executive Committee. After returning to UK, Mr Smith became a director of Robert Fleming International Ltd in 1998 and the Director of Origination - Investment Banking serving until 2000. Mr Smith currently serves as Chairman of privately-held Ophir Energy plc and as a non executive director of Asian Citrus Holdings Ltd, PLUS Markets Group plc, Sorbic International Ltd., and Japan Opportunities Fund II Limited.

It is confirmed that there are no other details to be disclosed concerning Mr Smith under Listing Rule 9.6.13 R.

Also as part of the refreshment of the Board Mr Jan Kingzett, the Director nominated by Schroders to represent the Investment Manager has resigned as a Director of the Company with effect from 28 May 2010. Following this change, there will not be a representative of the Investment Manager on the Board. The Directors extend their gratitude for the invaluable contribution that Mr Kingzett has made to the success of the Company over the past decade and a half.

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Enquiries:

John Spedding

Schroder Investment Management Limited                                                                020 7658 3206

 

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