LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN CHINA GROWTH & INCOME PLC
DIRECTORATE CHANGE
Legal Entity Identifier: 549300S8M91P5FYONY25
Information disclosed in accordance with the UK Listing Rules 6.4.6 R (1) and 6.4.8 R (1)
As part of its succession planning, the Board of JPMorgan China Growth & Income plc (the 'Company'), is pleased to announce its intention to appoint Mr. Nick Bannerman as an independent non-executive Director of the Company with effect from 24th January 2025, following the Company's Annual General Meeting on 23rd January 2025.
Mr. Bannerman is an experienced professional who has held senior positions in a number of firms with exposure to China during his career. He has been a non-executive Director, Audit Chair and Chair of two investment trusts over the past 21 years.
Mr. Bannerman is currently a non-executive Director and Audit Chair of The Global Smaller Companies Investment Trust (managed by Columbia Threadneedle through its merger with BMO Global Asset Management). He joined the board in 2019 and became Audit Chair in August 2024.
He is a former non-executive Director, Audit Chair and Chair of Baillie Gifford Japan Trust. He was Audit Chair from 2010 - 2014 and then Chair from 2014 - 2019.
From 2010 to 2024, Mr. Bannerman was Managing Director & Global Sales Director of Johnstons of Elgin, the UK's largest manufacturer of textiles, particularly in the luxury sector. Previously, he was CEO of Kinloch Anderson and Managing Director of Peter Scott & Co., both renowned Scottish tartans and textile businesses with exposure to the Chinese market. He qualified as a Scottish Chartered Accountant in 1990 with Deloitte, Edinburgh.
As at the date of this announcement, Mr. Bannerman held nil ordinary shares in the Company.
The Company discloses this information pursuant to the Financial Conduct Authority's UK Listing Rules 6.4.6 R (1) and 6.4.8 R (1). This disclosure is based upon information provided by this Director.
No further information is to be disclosed pursuant to UK Listing Rules 6.4.8 R (2) to 6.4.8 R (6) in respect of Mr. Bannerman.
6th January 2025
For further information, please contact:
Lucy Dina
JPMorgan Funds Limited, Company Secretary
Telephone 0800 20 40 20
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