Directorate Change

RNS Number : 1460C

Baillie Gifford China Grwth TrstPLC

16 June 2021

 

Baillie Gifford China Growth Trust plc (BGCG)

Legal Entity Identifier: 213800KOK5G3XYI7ZX18

Appointment of Director

The Board is pleased to announce the appointment of Mr Tim Clissold as a non-executive Director of the Company with effect from 1 October 2021.

Tim qualified as a Chartered Accountant and has worked in Australia, Hong Kong and extensively in China, where he was co-founder of one of the first private equity groups in the country. He later ran Goldman Sachs China's distressed investment business in Beijing. He co-founded another business to originate UN carbon offsets from GHG emission reduction projects in China. Tim is Chief Resolution Officer at Peony Advisors Limited, a company which helps foreign investors recover value after being disenfranchised by Chinese companies and is a non-executive director of Henderson Far East Income Limited. He was a member of the Strategic Advisory Board of Braemar Energy Ventures, a New York venture capital fund focused on energy efficiency technologies. He is the author of Mr China and Chinese Rules and speaks, reads and writes Mandarin Chinese.

Susan Platts-Martin, Chair of Baillie Gifford China Growth Trust, commented:

"My fellow Directors and I are delighted to welcome Tim to the Board. Tim brings to the Board a wealth of experience relating to China having lived and done business there for many years."

Mr Clissold has a beneficial interest of 10,000 shares in the Company.

The appointment of Mr Tim Clissold falls to be ratified by shareholders at the Annual General Meeting of the Company to be held in 2022.

There is no information required to be disclosed under section 9.6.13 of the Listing Rules.

Baillie Gifford & Co Limited

Managers and Secretaries

16 June 2021

Regulated Information Classification:   Additional regulated information required to be disclosed under relevant laws.

 

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