Strategic Equity
Capital plc
20 February 2017
Company update
The Board of Strategic Equity Capital plc (the “Company”)
understands that Harwood Capital Management (“Harwood”) and
its representatives, of their own volition, are speaking to the
Company’s shareholders with a view to promoting a scheme that would
result in Harwood, or an affiliate thereof, managing some or all of
the Company’s assets.
The Board has been informed that Stuart
Widdowson, the Company’s former lead portfolio manager at
GVQ Investment Management Limited (“GVQIM”), will be
associated with Harwood in due course in establishing a new
venture.
The Board has been advised by its manager, GVQIM, that
Stuart Widdowson will not be in a
position to put himself forward to manage some or all of the
Company’s assets for a period of up to 18 months pursuant to the
terms of his employment contract with GVQIM.
As stated in the Company’s recently published Interim Report,
the Board continues to place strong corporate governance very
highly on the agenda and monitors the performance of all the
Company’s service providers, including GVQIM, closely and regularly
and will continue to act in the best interests of all
shareholders.
Enquiries:
Richard
Hills (Chairman)
0131 538 1400
PATAC Limited (Secretary)
0131 538 1400
Canaccord Genuity Limited
020 7523 8000
Andrew Zychowski
Lucy Lewis
Buchanan
020 7466 5000
Richard Darby
Charles Ryland