The Monks Investment Trust PLC
(MNKS)
Appointment of
Directors
The Board of The Monks Investment Trust PLC
('the Company') is pleased to announce the appointments of Randeep
Singh Grewal and Stacey Parrinder-Johnson as non-executive
Directors of the Company, both with effect from 1 March
2024.
Randeep Singh
Grewal has been chairman of BB Healthcare Trust
plc since July 2019, having served as a non-executive director on
that board since December 2016. He is also a non-executive director
of the Global Smaller Companies Trust plc. Having read Medicine and
Computer Science at Jesus College, Cambridge, he trained as a
vascular surgeon before transferring his skills in healthcare and
technology to working as an analyst and portfolio manager with
Tudor Capital in 1998. He was a senior portfolio manager at F&C
Asset Management with responsibility for Thames River European
Absolute Return Fund from 2010 to 2012 and portfolio manager of
Trium Multi-Strategy Hedge Fund and senior portfolio manager of
Trium Opportunity Equity Fund from 2015 to 2019. Since then, he has
been closely involved with healthcare and technology businesses in
various capacities, with a particular focus on start-ups and
early-stage private companies.
Stacey
Parrinder-Johnson was, until September 2023,
chief investment officer of Investec Wealth & Investment UK,
where she was also a member of the executive management committee,
chair of the investment committee, and a member of the executive
risk management committee. Stacey brings twenty years of experience
in asset selection, portfolio management, and manager analysis
across UK and international mandates, and has particular strength
in investment trust governance, sustainability and risk issues. She
has previously served as a pension trustee and has been a governor
of the University of Portsmouth since November 2023.
She owns 3,250 shares in the Company as at the
date of this announcement.
The Chairman of Monks, Karl Sternberg, said: "I
am pleased that we have been able to secure two Directors with such
high-quality, relevant investment industry experience to join our
Board, with particular regard to adding new perspectives, and to
ensure that a good succession plan is in place as Directors
retire."
The appointments of
Randeep Singh Grewal and Stacey Parrinder-Johnson are subject
to ratification by shareholders at the
Annual General Meeting of the Company to be held in
2024.
There is no further information required to be
disclosed under Listing Rule 9.6.13.
Baillie Gifford & Co
Limited
Managers and
Secretaries
22 February 2024
Legal Entity Identifier:
213800MRI1JTUKG5AF64
Regulated Information Classification: Additional
regulated information required to be disclosed under applicable
law