19 Jul 2018 11:16
BBGI SICAV SA
("BBGI" or the "Company")
Supervisory Board Succession
Further to his comments in the Chairman's Statement in the Annual Results Announcement, David Richardson, the current Chairman of the Supervisory Board has advised of his intention to retire from the Company on 30th August 2018.
BBGI is pleased to announce that Mr Colin Maltby, the current Senior Independent Director, will become Chairman from 31st August 2018.
David Richardson said "It has been a privilege to Chair BBGI since its IPO in 2011. The Company has performed well, providing investors with continued dividend growth above RPI and an attractive total shareholder return of 90.01 per cent, comfortably exceeding its IPO targets. In addition, the Company has grown from the original 19 infrastructure assets to the 45 it has today whilst growing its market capitalisation about 3.5 fold. The excellent Management Board has stayed focused on availability based PPP/PFI contracts in AAA and AA rated jurisdictions."
Colin Maltby said "I am delighted to become Chairman and greatly look forward to working with both the Supervisory and Management Boards over the upcoming years. We will remain focused on delivering on our commitments to shareholders whilst continuing to develop a high quality, global and diversified infrastructure opportunity for investors."
Further information about BBGI is available on its website at www.bb-gi.com.
The Company's LEI is LEI: 529900CV0RWCOP5YHK95
Any reference to the Company or BBGI refers also to its subsidiaries (where applicable).
For further information, please contact:
BBGI Management Team
Tel: +352202634791
Duncan Ball
Frank Schramm
1 Based on share price at 18 July 2018 and after adding back dividends paid or declared since listing
Ends
BBGI Global Infrastructure (BBGI)