10th Jun 2009 14:38
RNS Number : 6890T
Aberdeen Growth VCT1 PLC
10 June 2009
ABERDEEN GROWTH VCT I PLC (THE COMPANY)
The senior executives of the private equity division of Aberdeen Asset Managers, the Company's Manager, have completed a management buyout of that business and have formed Maven Capital Partners UK LLP (Maven) as a specialist, independent private equity investment manager.
Having reviewed the existing management contract and the performance of the Manager, and having made enquiry about the resources and viability of Maven, the Board has decided to novate the management contract in favour of Maven, with effect from 9 June 2009.
By order of the Board
Maven Capital Partners UK LLP
Secretary
10 June 2009
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Related Shares:
Maven Income and Growth VCT 2