Reshuffle at West Pioneer Properties CEF

DIRECTOR MOVES September 19-23: Chris Hough replaces Mihir Thakar as a non-executive director of the company

Szymon Idzikowski 26 September, 2011 | 2:29PM
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Lowland (LWI): The board of Lowland Investment Company has announced that Peter Troughton will become chairman of the company following the retirement of John Hancox at the AGM in January 2012. Hancox has been on the board since February 2000 and has held the role of chairman since 2004. Troughton has served as a non-executive director since 1990, which makes him the longest standing board member of the company. We are also encouraged to see him buying more shares in the company this week.

Majedie Investments (MAJE): Having served for just 19 months, Chris Arnheim has resigned from the board of Majedie Investments. He has been replaced by David Henderson, who holds three other non-executive directorships, including Cenkos Securities.

Fidelity Asian Values (FAS): Philip Smiley has bought his first tranche of shares since his appointment as a non executive director in January 2010.

West Pioneer Properties (WPR): Chris Hough has replaced Mihir Thakar as a non-executive director. Thakar has left the board after serving for almost five years. His successor, Hough, brings 34 years of experience in construction projects to his first non-executive role.

Director Buying:
Aberdeen Asian Income (AAIF)- Peter Arthur
Aberdeen Private Equity (APEF)- Mark Tucker
Alpha Strategic (APS)- Nicola Meaden
Alliance Trust (ATST)- Tim Ingram
Fidelity Asian Values (FAS)- Philip Smiley
F&C Investment Trust (FRCL)- Christopher Keljik
Henderson TR Pacific (HPI)- Christopher Keljik
Law Debenture Corporation (LWDB)- Armel Cates
Lowland (LWI)- Peter Troughton
Murray Income Trust (MUT)- Patrick Gifford
Murray International (MYI)- Alfred Shedden
New India (NII)- Sarah Bates
Northern Venture Trust (NVT)- Ross Peters
Oakley Capital Investments (OCL)- Christopher Wetherhill
Raven Russia (RUS)- David Christopher Moore
SVG Capital (SVI)- Lynn Fordham
Temple Bar (TMPL)- Arthur Copple, Richard Jewson, June de Moller
Value & Income (VIN)- David Smith

Director Selling:
Baronsmead VCT (BDV)- Peter Anthony Lawrence

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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Szymon Idzikowski

Szymon Idzikowski  is a closed-end fund analyst with Morningstar.

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