SME Credit Realisation Fund Limited Directorate Change (4754D)
20 Octubre 2022 - 1:00AM
UK Regulatory
TIDMSCRF
RNS Number : 4754D
SME Credit Realisation Fund Limited
19 October 2022
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES OR TO US PERSONS
*****
19 October 2022
SME Credit Realisation Fund Limited
(the "Company")
CHANGES IN THE COMPOSITION OF THE BOARD OF DIRECTORS AND ITS COMMITTEES
Following the results of the Company's seventh Annual General Meeting, the Company announces
the following changes to the board and its committees effective from 19 October 2022:
Change of chairman
Mr Richard Boleat has stepped down as a director and chairman of the board of the Company.
Mr Frederic Hervouet has been appointed to succeed as chairman of the board.
Commenting on the change, Mr Frederic Hervouet, said: On behalf of the board I would like
to extend our thanks to Richard for his time and commitment to the Company over the years.
We wish him the best of luck in future endeavors. I and the board will continue to focus on
optimising the exit of the remaining Credit Assets as the Company continues its wind down
and returns capital to shareholders.
Appointment of a director
Mr Anthony Nicol has joined the board as a non-independent director and will also become a
member of the Risk Committee and the Remuneration and Nominations Committee. Mr Nicol is Funding
Circle's Group Finance Director. Previously Mr Nicol was the Group financial controller at
IG Group plc, a listed financial services trading platform, and before that spent over 15
years at PwC, latterly as an Assurance Director auditing and advising listed and private businesses
in a number of sectors. Mr Nicol is an FCA of the ICAEW and holds a BSc (Mathematics) from
Bristol University.
Other Board Committee changes
The Company announces the following changes to the board committees:
* Mr Jonathan Bridel has been appointed as chair of the
Risk Committee to replace Mr Frederic Hervouet; and
* Mr Richard Burwood has been appointed as chair of the
Remuneration and Nominations Committee to replace Mr
Richard Boleat.
CONTACTS
Frederic Hervouet, Chairman
+44 (0)77 81 159 007
fred_hervouet@hotmail.com
Secretary and Administrator
Sanne Group (Guernsey) Limited
+44 (0) 1481 739810
smecreditrealisation@sannegroup.com
Corporate Broker
Numis Securities
Nathan Brown
+44 (0) 207 260 1000
n.brown@numis.com
Investor Relations
IR@smecreditrealisation.com
Website
www.smecreditrealisation.com
The ISIN number of the Ordinary Shares is GG00BPP4PP19, the SEDOL code is BPP4PP1 and the
TIDM is SCRF.
The LEI number of the Company is 549300ZQIYQVNIZGOW60.
*****
ABOUT SME Credit Realisation Fund Limited
The Company is a registered closed-ended collective investment scheme registered pursuant
to the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended and the Registered
Collective Investment Scheme Rules 2020 issued by the Guernsey Financial Services Commission
("GFSC").
*****
IMPORTANT NOTICES
This announcement contains "forward-looking" statements, beliefs or opinions. These forward-looking
statements involve known and unknown risks and uncertainties, many of which are beyond the
control of the Company and all of which are based on its directors' current beliefs and expectations
about future events. Forward-looking statements are sometimes identified by the use of forward-looking
terminology such as "believes", "expects", "may", "will", "could", "should", "shall", "risk",
"intends", "estimates", "aims", "plans", "predicts", "projects", "continues", "assumes", "positioned"
or "anticipates" or the negative thereof, other variations thereon or comparable terminology,
or by discussions of strategy, plans, objectives, goals, future events, assumptions or intentions.
These forward-looking statements include all matters that are not historical facts. Forward-looking
statements may and often do differ materially from actual results. They appear in a number
of places throughout this announcement and include statements regarding the intentions, beliefs
or current expectations of the Board or the Company with respect to future events and are
subject to risks relating to future events and other risks, uncertainties and assumptions
relating to the Company's business concerning, amongst other things, the financial performance,
liquidity, prospects, growth and strategies of the Company. These forward-looking statements
and other statements contained in this announcement regarding matters that are not historical
facts involve predictions. No assurance can be given that such future results will be achieved;
actual events or results may differ materially as a result of risks and uncertainties facing
the Company. Such risks and uncertainties could cause actual results to vary materially from
the future results indicated, expressed or implied in such forward-looking statements. The
forward-looking statements contained in this announcement speak only as of the date of this
announcement. Nothing in this announcement is, or should be relied on as, a promise or representation
as to the future. The Company disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained in this announcement
to reflect any change in its expectations or any change in events, conditions or circumstances
on which such statements are based unless required to do so by applicable law, the Prospectus
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in this announcement is intended as a forecast or profit estimate.
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END
BOAGPGCWUUPPGMB
(END) Dow Jones Newswires
October 20, 2022 02:00 ET (06:00 GMT)
Sme Credit Realisation (LSE:SCRF)
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