Downing Strategic Micro-Cap Investment Trust Plc (the "Company")
LEI: 213800QMYPUW4POFFX69
Directorate Change
The Company announces William Dawkins stepped down as a Director of the Company on 14 May 2024.
Will Dawkins volunteered to be the director stepping down as the DSM board reduced its size and costs as part of the wind down of the company, the realisation of its portfolio and return of cash to shareholders. That return of capital is proceeding better than forecast and at good market values with a further significant dividend anticipated shortly.
Hugh Aldous, Chairman, commented that "Will has been a first-class director, clear thinking through our strategic reviews and has led the board appraisal process. In the remaining period during which we will be returning all capital to shareholders we will miss him at board meetings: an excellent investment company director."
For further information please contact:
Hugh Aldous - Chairman
tel: 020 7416 7780
ISCA Administration Services Limited - Company Secretary
tel 01392 477056
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
