Last checked at 18 Sep 2018 14:26
18 September 2018
The Lindsell Train Investment Trust plc
Board changes
The Lindsell Train Investment Trust plc ("LTIT" or the "Company") announces the following changes to the board with effect from 18 September 2018:
· Nicholas Allan is appointed Non-Executive Director
· Richard Hughes is appointed Non-Executive Director
For further information please contact:
The Lindsell Train Investment Trust plc
Helena Harvey, Maitland Administration Services Limited 01245 206214
1. Further details on Nicholas Allan
Nicholas Allan has significant experience within investment management, namely at Boyer Allan Investment Management and Kleinwort Benson. He was joint founder of Boyer Allan Investment Management and joint fund manager of the Boyer Allan Pacific Fund Inc.
He is currently a non-executive director of Walled City Hotels Pte Limited (India), Kangra Valley Garden Hotels Pte Limited (India), Indian Room with a View Pte Limited (Singapore), Asian Resort Developments Limited (Mauritius) and Pixton Woodlands Limited (UK).
At the date of this announcement Nicholas Allan has no holding in the ordinary shares of the Company.
Nicholas Allan was a director of Boyer Allan Investment Services Limited from 1998 to 2016 and a director of Commerzbank Securities Limited from 1992 to 1998.
There are no further details required to be disclosed pursuant to Listing Rule 9.6.13R and the Board consider him to be independent on appointment per the AIC Code of Corporate Governance.
2. Further details on Richard Hughes
Richard Hughes has significant experience with closed end funds namely M&G's Investment Trust business of which he was a director. He managed a number of funds, including M&G Smaller Companies Fund, M&G Recovery Fund and M&G Charifund. He was a director of M&G Group plc and Managing Director of M&G Investment Management Limited.
He is currently a non-executive director of Middlefield Canadian Income PCC.
At the date of this announcement Richard Hughes has no holding in the ordinary shares of the Company.
Richard Hughes was a director of M&G Limited and M&G Group plc from 1994 to 2000, a director of M&G Recovery Trust plc from 1992 to 1998, and a director of GS Thirty One Limited from 1992 to 2000.
There are no further details required to be disclosed pursuant to Listing Rule 9.6.13R and the Board consider him to be independent on appointment per the AIC Code of Corporate Governance.