18 Oct 2019 17:20
The Income & Growth VCT plc
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The Board of The Income & Growth VCT plc (''the Company") announces that, due to personal circumstances, Colin Hook is stepping down from his role as Chairman of the Board and as a director of the Company with immediate effect.
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The Board wishes to express its gratitude for the significant contribution that Colin has made to the Company as a director and Chairman since its inception.
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The Company announces the appointment of Jonathan Cartwright, currently Independent Non-Executive Director and Chairman of the Audit Committee and Nomination and Remuneration Committee, as Chairman of the Board with immediate effect.
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As announced in the Company's previous Annual Report, the Board has been considering a succession plan and has engaged in a recruitment process to appoint an additional independent non-executive director. In light of the Chairman stepping down, this has now been accelerated, and the Board will make a further announcement in due course.
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This announcement is made in accordance with Listing Rule 9.6.11R.
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