The Ukraine Opportunity Trust PLC (the
“Company”)
Directorate Changes
Further to the statement made in the Company's Annual Report for
the year ended 31 December 2014, the
Company announces that Robin
Monro-Davies, a Non-Executive Director and Chairman of the
Company has retired from the Board with immediate effect.
The Board is pleased to announce that Nigel Pilkington, a current Non-Executive
Director, has been appointed Chairman.
In light of the defeat of each of the resolutions to elect
Beatrice Hollond and re-elect Dmitry
Chernobay at the Annual General Meeting, Bertrand Lipworth will no longer retire from the
Board, as was previously the Board's intention, as stated in the
Company's Annual Report.
Mr Pilkington commented "On behalf of the Board, I would like to
take this opportunity to thank Robin for his invaluable
contribution, first as a Director and Chairman of the Audit
Committee, and more recently as Chairman of the Board. He has
helped to manage UKRO through some very unusual and challenging
times and we will miss his sage council. I would also like to thank
Dmitry and Beatrice for their contribution as Directors".
Ukraine remains an
unpredictable market for investors and the Board will endeavour to
safeguard and maximise shareholder money to the best of its
ability.
19 June 2015