Dolphin Capital Investors Limited Governance Changes and Strategic Review (7494D)
01 Julio 2021 - 1:05AM
UK Regulatory
TIDMDCI
RNS Number : 7494D
Dolphin Capital Investors Limited
01 July 2021
1 July 2021
DOLPHIN CAPITAL INVESTORS LIMITED
(the "Company")
Governance Changes and Strategic Review
Following the earlier announcement made by the Company that
Martin Adams, Nicolai Huls and Nick Paris have been appointed as
independent non-executive Directors, a meeting of the new Board was
held on 30 June.
Martin Adams was elected as Chairman of the Board. Nicolai Huls
and Nick Paris were appointed to the Audit Committee, with Nick
Paris as Chairman. Martin Adams, Nicolai Huls and Nick Paris were
appointed to the Nomination and Corporate Governance Committee,
with Nicolai Huls as Chairman.
The Board has amended, with immediate effect, the Directors'
aggregate annual remuneration to EUR200,000 (2020: EUR379,000;
2019: EUR496,000).
The Directors have also decided to undertake, in co-operation
with the Company's Investment Manager and other service providers,
a strategic review focused principally on:
-- the investment portfolio and realisation processes;
-- the investment management arrangements;
-- corporate governance;
-- operating costs; and
-- cash flows.
Shareholders will be aware that the Company is required to hold
a continuation vote and to propose new investment management
arrangements before the end of 2021. Although the Company recently
announced an intention to hold a meeting of the shareholders in
September to consider these matters, the new Directors will
reconsider the timing in conjunction with the results of the
strategic review. The Board will make further announcements to
shareholders in due course, but it is likely that an extraordinary
general meeting will be delayed until the fourth quarter of
2021.
For further information, please contact:
Dolphin Capital Investors martin@vietnamfund.com
Martin Adams
Dolphin Capital Partners miltos@dolphincp.com
Miltos E Kambourides
Panmure Gordon (Broker)
Dominic Morley +44 (0) 20 7886 2500
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett +44 (0) 20 7383 5100
Instinctif (PR Communications Adviser)
Rosie Driscoll +44 (0) 20 7457 2020
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END
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