11th Jul 2007 11:00
3i Group PLC11 July 2007 11 July 2007 3i Group plcAnnual General Meeting and appointment of non-executive Director11 July 2007 At the Annual General Meeting of 3i Group plc at 10:30am this morning, BaronessHogg, Chairman of 3i, commented that: Through our sixty years in business we have a strong record of engagement with awide range of interested parties. We constantly aim to improve the transparencyof our business and in our annual report have increased disclosure on our mostsignificant investments; our key performance indicators; our approach tocorporate social responsibility; the way in which carried interest works; and anumber of other areas. We are delighted that this has been recognised. The Annual General Meeting will be followed by an Extraordinary General Meetingwhere a resolution will be put to shareholders relating to the proposed £807million return of capital. 3i Group plc also announced that it had decided today to appoint Mr WillemMesdag as a non-executive Director of the Company with effect from thisafternoon. Willem Mesdag is currently the Managing Partner of Red Mountain Capital PartnersLLC. He was until 2001 a Partner and Managing Director of Goldman, Sachs & Co.,having worked in the USA, the UK and Germany and having co-founded GoldmanSachs' Capital Markets Group in 1982, its Asset Securitization Group in 1986 andits European Financial Institutions Group in 1989. Baroness Hogg, Chairman, said: "Will brings a wide and highly relevant range of experience to 3i as itinternationalises its business. We are delighted that he has agreed to join theBoard." In relation to Willem Mesdag's appointment, there are no other matters todisclose in accordance with paragraph 9.6.13R of the FSA's Listing Rules. - ends - For information please contact: Patrick Dunne Group Communications Director 020 7975 3566 Philip Gawith The Maitland Consultancy 020 7379 5151 Notes to editors 3i is a world leader in private equity and venture capital. We focus onBuyouts, Growth Capital, Venture Capital, Infrastructure and private equity forquoted companies and invest across Europe, Asia and the US. Our competitive advantage comes from our international network and the strengthand breadth of our relationships in business. These underpin the value that wedeliver to our portfolio and to our shareholders. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
3i Group