1 Nov 2017 07:30
Puma VCT 12 plc (the "Company")
1 November 2017
Directorate Change
The Company announces that Jim Brydie has resigned as a director with immediate effect. The board thanks Jim for his valuable contribution to the Company since its launch and wishes him well for the future. Jim has agreed to join the board of Puma Heritage plc, a company focused on secured lending whose primary objectives are to preserve capital for shareholders and mitigate risk, whilst generating stable returns. (Investments in Puma Heritage are intended to provide 100% Inheritance Tax mitigation after two years through Business Property Relief).
The board is pleased to announce that David Brock has been appointed as a non-executive director of the Company with immediate effect. David was previously a director of the first four Puma VCTs and, most recently, a director of Puma VCT 8 plc which has, to date, paid out 70p per share in dividends to shareholders. David was, until July 1997, a main board director of MFI Furniture Group plc and Managing Director of MFI International Limited having been involved at a senior level in both MFI's management buy-out and its subsequent flotation. He started his career at Marks and Spencer Group PLC. He is currently Chairman of Episys Limited, Elderstreet VCT plc and a non- executive director of Hargreave Hale AIM VCT 1 plc. He has had interests in venture capital both as a private investor and as an adviser to various funds.
Information required to be disclosed pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Conduct Authority is as follows:
1. Details of all directorships or Partnerships held in any other publicly quoted company at any time in the previous five years:
Puma VCT 8 plc (in liquidation)
2. There are no other disclosures to be made under Listing Rule 9.6.13.
Enquiries:
Graham Shore - Shore Capital 020 7408 4090