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CQS Natural Res (CYN)

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Thursday 23 June, 2022

CQS Natural Res

Directorate Change

RNS Number : 0226Q
CQS Natural Resources Grwth&Inc PLC
23 June 2022
 

23 June 2022

 

 

 

CQS Natural Resources Growth and Income plc

(the 'Company')

Legal Entity Identifier: 549300ES8CNIK2CQR054

 

Directorate Change

The Board of CQS Natural Resources Growth and Income plc ("Company") announces that Paul Cahill has been appointed as a Non-Executive Director with effect from today.

Helen Green, Chairman, commented:

"I am delighted to welcome Paul to the Board. He brings a wealth of experience in the natural resources sector, and I am confident that he will make a valuable contribution to the Company."

 

Paul's appointment brings the total number of independent directors to five - Helen Green (Chair), Carole Cable, Paul Cahill, Christopher Casey, and Alun Evans.

 

In accordance with paragraphs 9.6.13 (1) to (6) of the Listing Rules, it is confirmed that there are no additional details to be disclosed in relation to Paul Cahill.

 

About Paul Cahill

In his early career he has worked as an investment banker at Morgan Grenfell and then as a Managing Director at Minorco (Anglo American) where he was responsible for Asia Pacific & Australia, based in Singapore, and worked on several copper and gold joint ventures in Australia, Indonesia, PNG, and the Philippines. He left Anglo American in 2001 to co-lead the establishment, strategic direction and management of Gazelle Corporate Finance, a boutique investment banking business providing corporate finance, M&A and debt restructuring advice to the Boards of FTSE 100 and Fortune 500 companies.

 

Paul returned to Anglo American in 2008 where he became Group Head of Business Development and Head of Strategic Relationships Management. He was a key member of Anglo American's senior leadership team, accountable for the Group's growth agenda and the development and management of the Group's business and relationships in China, India, Japan, Mozambique, Mongolia, Russia, and the DRC.  In 2017, Paul became a co-Founder and Managing Director of Bacchus Capital Advisers, an independent investment and merchant banking platform focussed on metals and mining and with particular expertise in public market takeover and defence, complex cross-border M&A, equity and debt financing and corporate restructuring. He remains Chairman of the Bacchus Capital Advisory Board.

 

Paul has over 30 years of experience in the natural resources sector during which time he worked at Anglo American in various roles and in investment banking where he has led the execution of major complex transactions as both a senior adviser and principal. In 2017, Paul co-founded Bacchus Capital Advisers, an independent investment and merchant banking platform focused on metals and mining. He remains Chairman of the Bacchus Capital Advisory Board. Paul also serves as a non-executive director on ASX listed Company Ironbark Zinc Limited and is as a senior adviser to Mitsubushi Corporation.

 

For the Investment Manager

CQS (UK) LLP

Craig Cleland

0207 201 5368

 

For the Company Secretary and UK Administrator

BNP Paribas Securities Services S.C.A. Jersey Branch

Dean Plowman

01534 813967

 

 

Notes to Editors

CQS Natural Resources Growth and Income Trust plc (LSE: CYN) is a closed end investment company, providing shareholders with exposure to a broad portfolio of mining and resource-focused equities, aiming to deliver both steady dividend income and capital growth. The fund is run by experienced fund managers - Ian Francis, Keith Watson, and Rob Crayfourd, and seeks to gain optimal exposure to critical commodities (including base, precious, and battery metals, as well as energy and shipping) across a diverse range of geographies, thereby generating strong returns.

 

The portfolio:

The fund holds a core position in copper which remains a key material in the path to global electrification and the energy transition to net-zero carbon production, therefore displaying encouraging fundamentals for both the short- and long-term. This ties in with the fund's exposure to lithium, nickel and other base metals, which are proving particularly important for advancing battery storage capacity. With the global energy crisis ongoing, we have seen a strong rebound in the oil and gas price supporting our increased weighting. So too, in fiscal uncertainty, as witnessed over the last two years, precious metals like Gold, Silver and Platinum offer protection. 

 

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