European Opportunities Trust PLC Appointment of new AIFM (1983P)
17 Junio 2022 - 1:00AM
UK Regulatory
TIDMEOT
RNS Number : 1983P
European Opportunities Trust PLC
17 June 2022
European Opportunities Trust PLC
Legal Entity Identifier: 549300XN7RXQWHN18849
Appointment of Devon Equity Management Limited ("Devon") as
Alternative Investment Fund Manager ("AIFM")
Further to its announcement of 25 February 2022, the Company
confirms that Devon has been formally appointed as the Company's
AFIM with effect from 1 July 2022.
The Board would like to thank FundRock Partners Ltd for their
service as outsourced AIFM to date.
Alexander Darwall, CIO of Devon, will continue to be responsible
for the portfolio management of the Company, supported by Luca Emo
Capodilista, Charlie Southern and James Bird within Devon's
investment team. The total fees payable by the Company for AIFM and
portfolio management services will be unchanged.
Devon is considered to be a related party of the Company under
the Listing Rules. As such, its appointment as the Company's AIFM
and the entry into a new investment management agreement (the
"Transaction") amounts to a small related party transaction under
Listing Rule 11.1.10 R. Cenkos Securities PLC, the Company's
sponsor, has provided written confirmation to the Company that the
Transaction is fair and reasonable as far as the shareholders of
the Company are concerned.
A monthly commentary from Mr Darwall on the Company's investment
portfolio and further information about the Company may be found at
www.europeanopportunitiestrust.com
Enquiries
Richard Pavry
CEO, Devon Equity Management Limited
enquiries@devonem.com
James King/Will Talkington
Cenkos Securities PLC
020 7397 8900
17 June 2022
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END
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