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