Witan Pacific Executive Management agreement

RNS Number : 6879T

Witan Investment Trust PLC

22 July 2020

 

Witan Investment Trust plc

22 July 2020

Witan Pacific Executive Management agreement

Witan Investment Trust plc ("Witan") fully supports today's announcement by Witan Pacific Investment Trust plc ("Witan Pacific") of a Change of Investment Management Arrangements.

Witan Investment Services Limited ("WIS"), a wholly owned subsidiary of Witan, is executive manager of Witan Pacific whereby it supports the Board of Witan Pacific with the monitoring of its external investment managers and with administration and marketing services.

Earlier this year the Board of Witan Pacific undertook a review of its investment management arrangements. WIS has fully supported, and assisted in, the review and is pleased with the outcome of the process. Prior to the review, WIS indicated its readiness to cease its executive services role at a time to be mutually agreed with Witan Pacific, which is expected to be during September 2020. Witan has valued its 15-year relationship with Witan Pacific, commends the Board for its consistency in taking decisions which clearly prioritise the long-term interests of shareholders and wishes Witan Pacific well for the future.

-ENDS-

For further information please contact:

Andrew Bell, Chief Executive Officer

Witan Investment Trust plc

Tel: [phone]

[e-mail]

James Hart, Investment Director

Witan Investment Trust plc

Tel: [phone]

[e-mail]

Alexis Barling, Director of Marketing

Witan Investment Trust plc

Tel: [phone]

[e-mail]

 

END

 

 

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