Mercantile Investment Trust(The)PLC Directorate Change
17 Octubre 2024 - 1:00AM
RNS Regulatory News
RNS Number : 5045I
Mercantile Investment Trust(The)PLC
17 October 2024
LONDON STOCK EXCHANGE
ANNOUNCEMENT
THE MERCANTILE INVESTMENT
TRUST PLC
(the
'Company')
DIRECTORATE
CHANGES
Legal Entity Identifier: 549300BGX3CJIHLP2H42
The Board of The Mercantile
Investment Trust plc announces that its Chairman, Mr. Angus Gordon
Lennox, will be retiring as a Director of the Company at the
conclusion of the Company's Annual General Meeting ("AGM") in 2025.
Mr. Gordon Lennox has been a Director of the Company since 2015 and
was appointed Chairman in 2018.
Following the recommendation of the
Nomination Committee, the Board proposes to appoint Ms. Rachel
Beagles, a Director of the Company since 2021, to succeed Mr.
Gordon Lennox.
Ms. Beagles has over 15 years' of
experience in the investment company sector. She served on the
Board of the Association of Investment Companies ('AIC') for six
years, of which three were served as Chair. Ms. Beagles was a
managing director and co-head of the pan-European banks equity
research and sales team at Deutsche Bank's corporate and investment
banking division. Since 2003, she has worked as a non-executive
director for a range of businesses including those in the
investment company, asset management and fintech sectors. Ms.
Beagles is currently a non-executive director of Alliance Witan
plc.
It has been agreed that Graham
Kitchen will assume the role of Senior Independent Director
following Ms. Beagles' appointment as Chairman.
The Board are delighted that Ms.
Beagles has agreed to succeed Mr. Gordon Lennox upon his retirement
at the conclusion of the 2025 AGM. Further, the Board are very
grateful to Mr. Gordon Lennox for his wise counsel and committed
leadership, which he will continue to exercise until the succession
takes place next year.
17th October 2024
For further information, please
contact:
Divya Amin / Sachu Saji
JPMorgan Funds Limited - Company
Secretary
Telephone 0800 20 40 20 (or +44 1268
44 44 70)
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END
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