23 Dec 2009 17:02
Bramdean Alternatives Limited (the "Company")
Appointment of Directors
The Board of Bramdean Alternatives Limited (the "Company") is pleased to announce the appointment of Jennifer L Wick, Philip Hebson, David Staples and Howard Myles as non-executive directors of the Company with immediate effect.
Jennifer L Wick is chief investment officer and group strategic finance of Consensus Business Group ("CBG"), adviser to Elsina Limited. Elsina Limited is the beneficial holder of 925,000 Sterling shares and 73,488,431 Dollar shares in the Company, which in aggregate carry votes equivalent to 28.77 per cent. of the Company's total voting rights.
Philip Hebson is a senior fund manager in charge of UK equities at Merseyside Pension Fund. Merseyside Pension Fund is the beneficial holder of 20,587,423 Sterling shares in the Company, which carry votes equivalent to 15.04 per cent. of the Company's total voting rights.
Jonathan Carr, Chairman, commented
"We are delighted to announce the appointment of these four non-executive directors and believe the enlarged Board will be closely aligned to the Company's shareholders. We believe the new directors bring considerable business experience and knowledge to the Board."
Jennifer L Wick (aged 48) UK resident non-executive director
Jennifer L Wick is the chief investment officer and group strategic finance of CBG having joined in November 2005. At CBG, she has managed over $600 million in private equity funds, listed vehicles, cleantech investments, alternatives and secondary private equity fund transactions and raised over $650 million of financing. Mrs Wick was previously the chief financial officer and management board member of Brainpower N.V., a company she took public on the Prime Standard of the Frankfurt Stock Exchange in September 2000. She began her career in investment banking in mergers and acquisitions and raised capital for large initial public offerings between 1992 to 2000. Mrs Wick is an MBA graduate of London Business School (1990 to 1992).
Philip Hebson (aged 49) UK resident non-executive director
Philip Hebson is a fellow of the Chartered Institute for Securities and Investment and a member of the Institute of Directors. Philip is a senior fund manager in charge of UK Equities at Merseyside Pension Fund having joined in 2000. From 1980 to 2000 Philip worked at Charterhouse Securities Limited (formerly Tilney & Co.) and was appointed as a director in April 1992. Philip is also a trustee of Chester Municipal Charities; providing support for needy people in the environs of Chester.
Howard Myles (aged 60) French resident non-executive director
Howard Myles was a partner in Ernst & Young from 2001 until June 2007 and was responsible for the Investment Funds Corporate Advisory team. He was previously with UBS Warburg from 1987 to 2001. Mr Myles began his career in stockbroking in 1971 as an equity salesman and joined Touche Ross in 1975 where he qualified as a chartered accountant. In 1978 he joined W. Greenwell & Co in the corporate broking team and in 1987 moved to SG Warburg Securities where he was involved in a wide range of commercial and industrial transactions in addition to leading Warburg's corporate finance function for investment funds. He is a fellow of the Institute of Chartered Accountants and of the Securities Institute, and is a non-executive director of two other listed investment companies.
David Staples (aged 52) Guernsey resident non-executive director
David Staples is a Chartered Accountant and a Chartered Tax Adviser. He also holds the Institute of Directors' diploma in company direction. For thirteen years until 2003, Mr Staples was a partner with PricewaterhouseCoopers ('PwC') and led the tax practice in the South East of England. Since leaving PwC, Mr Staples has been appointed to the boards of several companies as a non-executive director. He is the chairman of MedicX Fund Limited (listed on LSE main market) and he chairs the audit committees of Gottex Fund Management Holdings Limited (listed on the Swiss Exchange, SWE) and Premier Renewable Energy Fund Limited (listed on LSE main market). His other appointments include directorships of private equity funds and a private property investment group.
Directors' Interests
Jennifer L Wick
Jennifer L Wick does not currently hold any shares in the Company, but is interested in shares in the Company as detailed above.
Philip Hebson
Philip Hebson does not currently hold any shares in the Company, but is interested in shares in the Company as detailed above.
Howard Myles
In the past five years Howard Myles has been a director of the following publicly quoted companies:
Present Directorships
Ceres Agriculture Fund LimitedBlackRock Hedge Selector Limited
Past Directorship
Principle Capital Investment Trust Plc
Howard Myles does not currently hold any shares in the Company
David Staples
In the past five years David Staples has been a director of the following publicly quoted companies:
Present Directorships
Premier Renewable Energy Fund LimitedGottex Fund Management Holdings LimitedMedicX Fund LimitedDavid Staples does not currently hold any shares in the Company.
The above information is disclosed pursuant to Listing Rules 9.6.11 and 9.6.13. No further disclosure is required.
These disclosures are based upon information provided by the individual directors and have not been independently verified by the Company.
Enquiries
RBC Offshore Fund Managers Limited Robin Amer 01481 744 000