18 Sep 2008 07:01
| 18 September 2008 |
London Asia Chinese Private Equity Fund Limited
(the "Company")
Appointment of new Non-Executive Director
The Company is pleased to announce that Richard Battey has been appointed a Non-Executive Director with effect from 17 September 2008.
Richard Battey is a qualified accountant who has worked for the Schroders Group for 27 years, undertaking financial and management accounting roles in London over a period of 16 years and spending the latter 11 years in Guernsey helping to build Schroders' offshore private banking business. Since leaving Schroders, Richard has worked as a consultant and was appointed Chief Financial Officer of a company involved in the exploration and production of oil and gas in Georgia and Kazakhstan. Richard Battey resigned from his role as Chief Financial Officer in order to establish a portfolio of non-executive directorships (including directorships of closed-ended investment funds and a private equity administrator). Mr Battey is a resident of Guernsey.
Roy Leighton, Non-Executive Chairman commented: "I am delighted to welcome Richard to the Board. His accounting and financial services experience, as well as his connections within the closed-ended investment funds sector, will be invaluable to the Company. We now have three Non-Executive Directors and Richard will bring valued experience and strengthen the board of the Company as a whole."
Further details in relation to Richard Battey, as required by the AIM Rules, are set out in the appendix to this announcement.
For further information please visit www.londonasiafunds.com or contact:
| John West/Andrew Dunn | Roy Leighton | Hugh Field | |
| Tavistock Communications | Non-Executive Chairman | Collins Stewart Europe Limited | |
| Tel: 020 7920 3150 | Tel: 0845 618 2381 | Tel: 020 7523 8000 |
APPENDIX
The current directorships and directorships held over the previous 5 years of Richard John Battey, aged 56, are set out in the table below.
| Current directorships/partnerships | Previous directorships/partnerships for the past 5 years |
| Schroder Administrative Services (C.I.) Limited SASCIL Nominees Limited Stratton Street Capital LiquidFunds Inc. Himeji X2 LiquidFund Inc. AcenciA Debt Strategies Limited Northwood Capital European Fund Limited Juridica Investments Limited Juridica Capital Management Limited Partners Group Private Real Estate Opportunities | Schroders (C.I.) Limited Schroder Executor and Trustee Company (C.I.) Limited Schroder Nominees (Guernsey) Limited Burnaby Insurance (Guernsey) Limited Schroder Investments (Guernsey) Limited Schroder Corporate Services (C.I.) Limited Braye Finance Limited Sapphire Managers (Europe) Limited Gerel Investments Corporation Ottilia Investments Limited Zodiac Business Corporation Hightrees Inc Merrydown Properties Inc Lawon Trading Corporation JPL Co (Jersey) Ltd Schroder Venture Managers (Guernsey) Limited Balmoral Partners Limited Parkmead Special Situations Energy Fund Limited Ptarmigan II Limited |
There are no further disclosures to be made regarding Richard Battey under Rule 17 and Schedule Two paragraph (g) of the AIM Rules of the London Stock Exchange.