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16 Apr 2024 07:00
16 April 2024
LEI: 213800LFMHKVNTZ7GV45
AssetCo plc ("AssetCo" or the "Company")
Retirement of Director
As noted in its recent Report and Accounts, AssetCo has agreed in principle terms for the Group to withdraw from its infrastructure business, River and Mercantile Infrastructure LLP. This will enable the Group to focus on its listed equities business, River Global Investors, and its minority equity interest in Parmenion Capital Partners LLP. In anticipation of this, Peter McKellar has confirmed his intention to retire as Deputy Chairman of AssetCo, enabling him to concentrate on his non-executive roles at various other listed companies. Peter will retire as a Director of AssetCo with effect from 30 April 2024 by which time the Group expects to have exited its Infrastructure business.
Martin Gilbert, Chairman, said, "I would like to thank Peter for his significant contribution to the development of AssetCo since we bought into the Company in January 2021, and I understand his reasons for wanting to retire. Peter will remain a significant shareholder in the Company."
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For further details, visit the website, www.assetco.com
Ticker: AIM: ASTO.L
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