3i Group PLC
11 July 2007
11 July 2007
3i Group plc
Annual General Meeting and appointment of non-executive Director
11 July 2007
At the Annual General Meeting of 3i Group plc at 10:30am this morning, Baroness
Hogg, Chairman of 3i, commented that:
Through our sixty years in business we have a strong record of engagement with a
wide range of interested parties. We constantly aim to improve the transparency
of our business and in our annual report have increased disclosure on our most
significant investments; our key performance indicators; our approach to
corporate social responsibility; the way in which carried interest works; and a
number of other areas. We are delighted that this has been recognised.
The Annual General Meeting will be followed by an Extraordinary General Meeting
where a resolution will be put to shareholders relating to the proposed £807
million return of capital.
3i Group plc also announced that it had decided today to appoint Mr Willem
Mesdag as a non-executive Director of the Company with effect from this
afternoon.
Willem Mesdag is currently the Managing Partner of Red Mountain Capital Partners
LLC. He was until 2001 a Partner and Managing Director of Goldman, Sachs & Co.,
having worked in the USA, the UK and Germany and having co-founded Goldman
Sachs' Capital Markets Group in 1982, its Asset Securitization Group in 1986 and
its European Financial Institutions Group in 1989.
Baroness Hogg, Chairman, said:
'Will brings a wide and highly relevant range of experience to 3i as it
internationalises its business. We are delighted that he has agreed to join the
Board.'
In relation to Willem Mesdag's appointment, there are no other matters to
disclose in accordance with paragraph 9.6.13R of the FSA's Listing Rules.
- ends -
For information please contact:
Patrick Dunne Group Communications Director 020 7975 3566
Philip Gawith The Maitland Consultancy 020 7379 5151
Notes to editors
3i is a world leader in private equity and venture capital. We focus on
Buyouts, Growth Capital, Venture Capital, Infrastructure and private equity for
quoted companies and invest across Europe, Asia and the US.
Our competitive advantage comes from our international network and the strength
and breadth of our relationships in business. These underpin the value that we
deliver to our portfolio and to our shareholders.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.