REG - Mercantile Inv Tst - Directorate Change

Mercantile Investment TrustAnnouncement

17/10/2024 07:00

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RNS Number : 5045I  Mercantile Investment Trust(The)PLC  17 October 2024

LONDON STOCK EXCHANGE ANNOUNCEMENT

 

THE MERCANTILE INVESTMENT TRUST PLC

 

(the 'Company')

 

DIRECTORATE CHANGES

 

 

 

Legal Entity Identifier: 549300BGX3CJIHLP2H42

 

 

The Board of The Mercantile Investment Trust plc announces that its Chairman,
Mr. Angus Gordon Lennox, will be retiring as a Director of the Company at the
conclusion of the Company's Annual General Meeting ("AGM") in 2025. Mr. Gordon
Lennox has been a Director of the Company since 2015 and was appointed
Chairman in 2018.

 

Following the recommendation of the Nomination Committee, the Board proposes
to appoint Ms. Rachel Beagles, a Director of the Company since 2021, to
succeed Mr. Gordon Lennox.

 

Ms. Beagles has over 15 years' of experience in the investment company sector.
She served on the Board of the Association of Investment Companies ('AIC') for
six years, of which three were served as Chair. Ms. Beagles was a managing
director and co-head of the pan-European banks equity research and sales team
at Deutsche Bank's corporate and investment banking division. Since 2003, she
has worked as a non-executive director for a range of businesses including
those in the investment company, asset management and fintech sectors. Ms.
Beagles is currently a non-executive director of Alliance Witan plc.

 

It has been agreed that Graham Kitchen will assume the role of Senior
Independent Director following Ms. Beagles' appointment as Chairman.

 

The Board are delighted that Ms. Beagles has agreed to succeed Mr. Gordon
Lennox upon his retirement at the conclusion of the 2025 AGM. Further, the
Board are very grateful to Mr. Gordon Lennox for his wise counsel and
committed leadership, which he will continue to exercise until the succession
takes place next year.

 

 

17th October 2024

 

For further information, please contact:

 

Divya Amin / Sachu Saji

JPMorgan Funds Limited - Company Secretary

Telephone 0800 20 40 20 (or +44 1268 44 44 70)

 

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