REG - HgCapital Trust PLC - Directorate Change

HgCapital TrustAnnouncement

16/05/2024 11:00

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RNS Number : 7278O  HgCapital Trust PLC  16 May 2024

16 May 2024

HgCapital Trust plc

("HgT", "the Company")

Legal Entity Identifier: 213800J7QUJJBEFSIN38

 

Directorate Change

HgT is pleased to announce that Mr John Billowits joins the HgT Board today.

 

John has over 25 years of operational experience and a wealth of investment
expertise in the software sector, he also brings valuable international
perspective, through his past roles and current appointments on Boards of US,
Canadian and European software companies. A past CFO and CEO, John is a
Chartered Accountant with a depth of financial knowledge.

 

Jim Strang, Chairman of HgT, said: On behalf of the Board, I am delighted that
John will join the HgT Board. An experienced CFO and CEO, John is a highly
regarded investor and operator in the software sector, and brings a unique
combination of skills and personal strengths that are highly complimentary to
HgT now, and as we continue to execute our strategy of investing in a
portfolio of high-growth private companies in the software and services
sector."

John is a Board Member of Constellation Software Inc. ("CSI"), a global
provider of software and services to a number of industries in both, the
public and private sectors. He also sits on a Board of Togetherwork, a
privately held vertical market software company, and Topicus.com Inc., a
European provider of vertical market software and vertical market platforms to
clients in both the public and private sectors. John is also a Partner at
KingsPeaks Partnership and a Board member of Computer Modelling Group Ltd.

John joined CSI in 2004 as the President of the Jonas Operating Group of CSI,
a role he held from 2004 to 2007. He went onto serving as the Chief Financial
Officer of CSI between 2007 and 2013, and then served as Chief Executive
Officer of Vela Software, a subsidiary of CSI until 2020.

Before, John held a number of roles with Bain & Company, Dell Computers
and PwC.

John is a Chartered Professional Accountant, holds an MBA from the London
Business School and an Honours BBA with Distinction from Wilfrid Laurier
University.

On appointment to HgT, he will join the Audit, Valuation & Risk Committee,
the Nomination Committee and the Management Engagement Committee.

 

There are no other details that are required to be disclosed under 9.6.13R of
the Listing Rules.

 

 

For further details please contact:

 

  Laura Dixon (Senior Investor Relations Manager, Hg)                      +44 (0) 78 2459 2894
  Aleksandra Saldarini (Company Secretary, Link Company Matters Limited)   +44 (0) 7540 297 938

About HgCapital Trust plc

HgCapital Trust plc, whose shares are listed on the London Stock Exchange
(ticker: HGT.L), gives investors exposure through a liquid vehicle to a
portfolio of high-growth private companies in the software and services
sector. The selection of new investments and creation of value in these
businesses are managed by Hg, an experienced and well-resourced private equity
firm with a long-term track record of delivering superior risk-adjusted
returns for its investors. For further details, please see
www.hgcapitaltrust.com.

For further details, see www.hgcapitaltrust.com
(http://www.hgcapitaltrust.com) and www.hgcapital.com
(http://www.hgcapital.com)

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