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Directorate Change

15th May 2024 10:12

RNS Number : 5480O
Downing Strategic Micro-Cap IT PLC
15 May 2024
 

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

[email protected]

tel 01392 477056

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