Intuitive Investments Group plc IIG appoints Sir Nigel Rudd as its next Chairman (5547F)
July 11 2023 - 1:00AM
UK Regulatory
TIDMIIG
RNS Number : 5547F
Intuitive Investments Group plc
11 July 2023
Intuitive Investments Group plc ("IIG")
IIG appoints Sir Nigel Rudd as its next Chairman
IIG, a closed-end investment company currently focussed on the
life sciences sector, today announces the appointment of Sir Nigel
Rudd as its next Chairman.
Sir Nigel will become IIG's Independent Non-Executive Chairman
subject to admission of the Company to the Specialist Fund Segment
of the London Stock Exchange's Main Market, which is expected to
take place on around 8 August 2023. Concurrently, Julian Baines
MBE, the present Non- Executive Chair of the Company, will step
down as Chairman and will become an independent non-executive
Director of IIG.
Sir Nigel is an experienced Chairman of listed businesses and
investor in emerging growth companies and SMEs. Over the past 25
years, he has chaired companies such as Pendragon plc, the
automotive retailer; Pilkington, a manufacturer of glass and
glazing systems; Alliance Boots, a global retail pharmacy;
Heathrow, the UK airport; Invensys plc, an engineering firm;
Business Growth Fund, an investor in growth companies; Signature
Aviation plc, the aviation firm; and Meggitt plc, the aerospace and
defence firm. Sir Nigel occupied a seat on the Barclays Bank Board
for more than 12 years, latterly as Deputy Chairman, retiring in
2008.
Sir Nigel is currently a Non-Executive Director of Sappi
Limited, a renewable resource company. Sir Nigel is best known for
his role in the 1980s at Williams plc, which he turned into a FTSE
100 Company. Williams plc remained one of the largest industrial
holding companies in the UK until its demerger in 2000 into two
separate entities, Chubb and Kidde.
As part of his role, Sir Nigel will join the Remuneration
Committee and chair the Nominations Committee.
Sir Nigel Rudd said : "I am delighted to be joining IIG as Chair
and look forward to working with the team on the exciting
opportunities that lie ahead."
Julian Baines said : "I look forward to working with Sir Nigel
as IIG's next Chair. Sir Nigel has tremendous know-how with growing
companies - it is a testament to our ambition that we have been
able to attract someone of Sir Nigel's calibre and experience."
Intuitive Investments Group plc www.iigplc.com
Julian Baines, Non-Executive Chairman Via FTI Consulting
Robert Naylor, CEO
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SP Angel Corporate Finance LLP
- Nominated Adviser +44 (0) 20 3470 0470
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Jeff Keating / David Hignell / Kasia
Brzozowska
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Turner Pope Investments (TPI) Ltd
- Broker +44 (0) 20 3657 0050
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Andrew Thacker / James Pope
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FTI Consulting
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Jamie Ricketts / Charlotte Stephen IIG@fticonsulting.com
/ Joshua Ayodele
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About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with
exposure to a portfolio concentrating on fast growing and / or high
potential Life Sciences businesses operating predominantly in the
UK, continental Europe and the US, utilising the Board's experience
and in particular that of the chairman of the Investment Committee,
David Evans, to seek to generate capital growth over the long term
for shareholders.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has
been incorporated into UK law by the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement via Regulatory
Information Service ('RIS'), this inside information is now
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