Caledonia Board Bolstered with Two Additions

DIRECTOR MOVES September 26-30: Closed-end fund director moves and share purchases

Szymon Idzikowski 3 October, 2011 | 12:15PM
Facebook Twitter LinkedIn

Director Moves
(ABNY): The board of directors has appointed Tom Chandos as a non-executive director. Chandos is currently chairman of two other listed companies and will join the board of Albany on October 13. This takes the board to five and adds a fresh face: the average tenure before his arrival was more than 12 years.

Aurora Russia (AURR): Ben Morgan has resigned as a director of the company, but will continue to act as the company's Guernsey legal counsel. Morgan announced at the end of August that he will leave the board if all remaining directors get re-elected at the AGM held on September 28—and so it came to pass.

Caledonia Investments (CLDN): Rob Kent and Robert Woods add further strengthen the board of Caledonia Investments, with their appointments as non-executive directors, effective October 1 and November 1 respectively. The board already numbers five executive directors and six non-executives, which surpasses the size of an average board of directors.

Genesis Emerging Markets (GSS): The Hon. John Train has announced his retirement from the board, effective October 28. The board still comprises seven members, of which three are non-executive.

TP70 VCT (TPV): Richard Rose has been appointed as a non-executive director, which has increased the number of board members to four.

TR European Growth (TRG): Bernard Clark will retire as a non-executive director at the AGM on November 7. We don’t believe his departure will shake the board’s foundations; it will remain sizeable with five non-executive directors, with the average tenure exceeding five years.

TR Property (TRY): Simon Marrison has been appointed as a non-executive director; this is the first non-executive role for him.

Director Buying
BlackRock Latin American (BRLA) Mahrukh Doctor, Desmond O'Conor
Invesco Income Growth (IVI) Hugh Twiss
Max Property (MAX) Alexander Anders Ohlsson
Mid Wynd International (MWY) Pat M S Barron
NewRiver Retail (NRR) Mark Davies, David Lockhart, Nick Sewell, Allan Lockhart
Northern 3 VCT (NTN) James G D Ferguson, Timothy R Levett
Scottish Investment Trust (SCIN) John Kennedy (manager)
Tejoori (TJI) Abdullah Lootah
Temple Bar (TMPL) Richard Jewson, David Webster, June de Moller
Throgmorton Trust (THRG) Simon Beart, Lord Latymer
Utilico Investments (UTL) Eric Stobart
Witan (WTAN)- Robert W Boyle

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.

Facebook Twitter LinkedIn

About Author

Szymon Idzikowski

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

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures