4 Nov 2010 15:28
Trinity Capital plc(the "Company")
Notice of Extraordinary General Meeting
Trinity Capital plc announces that it has today posted to shareholders a circular, containing a notice of Extraordinary General Meeting ("EGM") to be held at IOMA House, Hope Street, Douglas, Isle of Man on 29 November 2010 at 11.00 a.m.
The circular and notice of EGM relate to the proposed appointment of a new director, the adoption of a directors' incentive plan and a renewal of the authorities that allow the Company to make market purchase of its Ordinary Shares.
The proposed new director is Mr John Chapman, aged 54, who is a qualified attorney and Chartered Financial Analyst (CFA). He has worked as a white collar criminal prosecutor in the United States and as a commercial litigator handling complex commercial litigation. He has also worked as an advisor to various US and foreign governmental bodies on law enforcement issues. Along with his legal background, Mr. Chapman has extensive experience as a director of quoted emerging market closed ended funds.
Should he be appointed a director, Mr Chapman will also be appointed as Chairman of a legal committee that will be charged with overseeing and making major decisions in connection with the ongoing disputes that the Company is engaged in with the previous investment manager and Immobilien I and Immobilien II. He will also be a member of a newly constituted investment committee that will be responsible for overseeing the orderly disposition of Company assets in accordance with the Company's revised investment policy.
A copy of the circular and the notice of EGM is available from the Company's website, http://www.trinitycapitalplc.com.
Further information, please contact:
Enquiries:
MHP Communications
Tim McCall / James White +44 20 3128 8100
IOMA Fund and Investment Management Limited
Philip Scales, Director +44 1624 681250
Evolution Securities
Nominated Adviser and Joint Broker
Bobbie Hilliam / Chris Clarke, Corporate Finance +44 207 071 4300
Arden Partners plc, Joint Broker
Chris Hardie, Corporate Finance +44 207 614 5917