Hazel Ren Egy VCT1 Hazel Renewable Energy Vct 1 Plc : Directorate Change
30 April 2018 - 6:48PM
UK Regulatory
TIDMHR1O
Hazel Renewable Energy VCT1 plc
Directorate Change
LEI: 213800IVQHJXUQBAAC06
30 April 2018
The Board announces that Stephen Hay has decided to resign as Chairman
and non-executive director with effect from 30 April 2018 in order to
focus on his other business interests.
Stephen has been a non-executive director of the Company since its
launch in 2010. He has acted as Chairman since July 2017 and oversaw the
completion of a reorganisation of the Company which saw Gresham House
Asset Management appointed as Investment Adviser in October 2017. The
remaining director, Stuart Knight, commented "It has been a pleasure
working with Stephen since I joined the Board and I am grateful for the
commitment he has made of over the full tenure of his appointment in
helping to deliver the Company to the position it is in today. On behalf
of myself and the Directors of Hazel Renewable Energy VCT2, who have
worked closely with the Company, I thank Stephen for his contribution
and wish him every success with his other business interests."
The Board is also pleased to announce the appointment of Gill Nott to
the Board of Directors with effect from 1 May 2018. Gill will also take
over from Stephen Hay as Chairman.
Gill spent the majority of the first 27 years of her career working in
the energy sector. In 1994 she became CEO of ProShare. Due to her work
in the retail savings sector, she spent six years on the Board of the
Financial Services Authority from 1998 to 2004. Gill has held a
portfolio of non-executive positions, including roles with a number of
VCTs and other the closed-end funds, over the last 15 years.
She was also a board member of the AIC from 2004 until 2014. She is
currently chairman of JP Morgan Russian Securities plc and a
non-executive director of Premier Global Infrastructure Trust plc and
PGIT Securities 2020 plc.
Stuart Knight further commented "The Company undertook a formal process
to identify candidates suitable to take over the role of chair of the
Company, a process which yielded many high quality candidates and
resulted in an offer being made to Gill. I am very pleased that Gill has
agreed to join the Board and am looking forward to working with her. I
am sure that her extensive experience in the VCT and closed-end funds
sector generally will bring a new dimension to the Board."
Following Gill's appointment, the Board will still comprise two
non-executive directors. A further process is underway to identify
candidates for a third non-executive director. A further announcement
will be made in due course, once this process is complete.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Hazel Renewable Energy VCT 1 plc via Globenewswire
http://www.hazelcapital.com
(END) Dow Jones Newswires
April 30, 2018 12:48 ET (16:48 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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