Baronsmead Second Venture Trust PLC Correction: Directorate Change (7951G)
November 27 2020 - 7:05AM
UK Regulatory
TIDMBMD
RNS Number : 7951G
Baronsmead Second Venture Trust PLC
27 November 2020
The announcement released at 3:51pm on 25 November 2020 under
RNS No 5261G incorrectly stated that Gresham House acquired
Livingbridge. The Company would like to clarify that the Company's
management agreements were novated from Livingbridge to Gresham
House on 30 November 2018. The full updated announcement can be
seen below:
Baronsmead Second Venture Trust plc
Directorate Change
The Board of Baronsmead Second Venture Trust plc (the "Company")
hereby announces that Anthony Townsend has notified the Board of
his intention to retire as Director of the Company. It has been
agreed that Mr Townsend's retirement will take effect from the end
of the Company's forthcoming Annual General Meeting.
The Board intends to appoint a new Non-Executive Director in
Spring 2021 to ensure there is a desired complement of four
Directors.
Mr Townsend commented "I have greatly enjoyed being part of the
Baronsmead family for many years. Baronsmead VCTs becoming part of
Gresham House two years ago accelerated a board refreshment plan
that was already in contemplation. I was required to stand down as
Chairman of the Company as I am also Chairman of Gresham House, but
I was keen to see the refreshment program through. It is now
substantially complete and I can depart knowing the Company is in
safe hands with a very capable chairman. I shall follow its
fortunes with the greatest of interest."
Ms Fromson (Chairman) commented "We would like to thank Anthony
for everything he has done for the Baronsmead family of venture
trusts over the years and I am particularly appreciative of his
support and wise counsel since I became Chairman."
The Board would like to express their appreciation to Mr
Townsend for his hugely valuable contribution to the Company and
the Baronsmead family during his tenure; both as a Director and as
previous Chairman of the Company. The Board wish him well in the
future.
Other than as set out above, there are no items requiring
disclosure under paragraph 9.6.13 of the UKLA's Listing Rules.
25 November 2020
For further information, please contact:
Baronsmead VCT Investor Relations
020 3875 9862
baronsmeadvcts@greshamhouse.com
LEI 2138008D3WUMF6TW8C28
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END
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