Quantcast Downing Strategic Micro-Cap Investment Trust plc appoints Robert Legget as Non-Executive Director | Downing Strategic Micro
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Downing Strategic Micro-Cap Investment Trust plc appoints Robert Legget as Non-Executive Director

23 July 2019
DSM appoints NED

Downing Strategic Micro-Cap Investment Trust (DSM) is pleased to announce the appointment of Robert Legget as an Independent Non-Executive Director and as Chairman of the Audit Committee with immediate effect. Robert replaces Stephen Yapp who will retire from the board on 31 August 2019.

Robert has extensive industry experience, having co-founded Progressive Value Management Limited (PVML) in 2000. PVML specialises in creating value and liquidity for institutional investors out of holdings in underperforming companies.  Robert remains as Chairman of PVML, and is also Senior Independent Director of Sureserve Group plc.

 

Robert was formerly a director of Quayle Munro Holdings plc and BMO Private Equity Trust PLC (formerly F&C Private Equity Trust plc).  He is a member of the Institute of Chartered Accountants of Scotland and is well respected for his extensive experience in creating value for shareholders.    

 

Hugh Aldous, Chairman, Downing Strategic Investment Trust, comments:

 

"I am very pleased to welcome Robert to the Board of DSM.  His experience in financial services and in creating value for shareholders complements the skills of the continuing directors after Stephen steps down.   Shareholders will be asked to approve Robert's appointment at the next Annual General Meeting.” 

 

From 1 September the DSM Board will consist of four Non-Executive Directors: Hugh Aldous, Chairman, Andrew Griffiths, Linda Bell and Robert Legget, all of whom serve on all committees.

ENDS

For all press enquiries, please contact:

 

Jean Birrell, Downing LLP

07799555353

jean.birrell@downing.co.uk

 

Pamela Morris, the lang cat

0131 202 6037/07712 515 503

pamela@langcatfinancial.com

 

For further information please visit our website

Important notice:

This article is for information purposes, should not be regarded as investment or taxation advice and no reliance should be placed upon it. Capital is at risk. The value of investments and any income derived from may go down as well as up and investors may not get back the full amount invested.  Terms and conditions apply and tax treatment depends on the individual circumstances of each investor. Any personal opinions expressed are subject to change and should not be interpreted as advice or a recommendation. Past performance is not a reliable indicator of future results. Downing does not offer investment or tax advice or make recommendations regarding investments. Downing LLP is authorised and regulated by the Financial Conduct Authority in the UK (Firm Reference No. 545025).