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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOABRBJTMTMTBTM

(END) Dow Jones Newswires

November 27, 2020 08:05 ET (13:05 GMT)

Baronsmead Second Venture (LSE:BMD)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Baronsmead Second Venture Charts.
Baronsmead Second Venture (LSE:BMD)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Baronsmead Second Venture Charts.