Press release
For immediate release
26 September 2023
River and Mercantile UK Micro Cap Investment Company Limited
Appointment of Director
The Board of River and Mercantile UK Micro Cap Investment Company Limited ("RMMC") is pleased to announce that Robert "Ted" Holmes Jr. will join the Board of RMMC as a non-executive director with immediate effect.
With a career in the financial services industry spanning over 30 years, Ted has a strong background in investment management. He has held leadership positions with UBS Asset Management in both the US and the UK and he serves on the board of the City of London Investment Trust. These roles have provided him with a deep understanding of the finance industry, investment strategies and effective corporate governance practices.
Prior to joining UBS, Ted worked for Ernst & Young where he earned his Certified Public Accountant license. He has an MBA from the University of Chicago Booth School of Business and is a qualified Chartered Financial Analyst.
Commenting on the appointment, Andrew Chapman, Chairman of RMMC said, "I am delighted to welcome Ted Holmes to the Board. He brings with him a wealth of investment experience. Ted's appointment is part of the Board's succession planning that ensures the Company complies with the highest standards of corporate governance."
Regulatory Disclosure
| Current Directorships / Partnerships - Publicly Quoted | Past Directorships / Partnerships - Publicly Quoted |
| The City of London Investment Trust
| None |
There is no information concerning Ted which is required to be disclosed pursuant to Listing Rule 9.6.13 R (2) to (6) inclusive.
Board Succession Plan
The Board also announces that Andrew Chapman will retire from the Board of Directors at the Company's 2024 Annual General Meeting, in line with the Company's succession plan. John Blowers, who joined the Board in 2022, will be appointed Chairman of the Board of Directors upon Andrew's retirement.
-ENDS-
For further information please contact:
Singer Capital Markets
James Moat, Investment Banking
Tel: +44 (0)20 7496 3000
BNP Paribas S.A., Guernsey Branch - Company Secretary
Sharon A Williams
Tel: +44 (0) 1481 750859
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