RNS Number : 7096K
AssetCo PLC
16 April 2024
 

16 April 2024

LEI: 213800LFMHKVNTZ7GV45

AssetCo plc ("AssetCo" or the "Company")

Retirement of Director

As noted in its recent Report and Accounts, AssetCo has agreed in principle terms for the Group to withdraw from its infrastructure business, River and Mercantile Infrastructure LLP. This will enable the Group to focus on its listed equities business, River Global Investors, and its minority equity interest in Parmenion Capital Partners LLP. In anticipation of this, Peter McKellar has confirmed his intention to retire as Deputy Chairman of AssetCo, enabling him to concentrate on his non-executive roles at various other listed companies. Peter will retire as a Director of AssetCo with effect from 30 April 2024 by which time the Group expects to have exited its Infrastructure business.

Martin Gilbert, Chairman, said, "I would like to thank Peter for his significant contribution to the development of AssetCo since we bought into the Company in January 2021, and I understand his reasons for wanting to retire. Peter will remain a significant shareholder in the Company."

For further information, please contact:

AssetCo plc

Gary Marshall, CFOO

Peter McKellar, Director

Tel: +44 (0) 7788 338157

Deutsche Numis

Nominated adviser and joint broker

Giles Rolls / Charles Farquhar

Tel: +44 (0) 20 7260 1000

  


Panmure Gordon (UK) Limited

Joint broker

Atholl Tweedie

Tel: +44 (0) 20 7886 2500

H/Advisors Maitland

Neil Bennett

Rachel Cohen

Tel: +44 (0) 20 7379 55151


For further details, visit the website, www.assetco.com

Ticker: AIM: ASTO.L

 

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