Law Debenture Corp PLC Directorate Change, advance notice (0173J)
December 15 2015 - 2:30AM
UK Regulatory
TIDMLWDB
RNS Number : 0173J
Law Debenture Corp PLC
15 December 2015
The Law Debenture Corporation p.l.c.
Fifth Floor
100 Wood Street
London
EC2V 7EX
15 December 2015
Managing Director to retire in 2016
The board of The Law Debenture Corporation p.l.c. (the
"Corporation") announces that Caroline Banszky has given notice of
her intention to retire from her role as the Group Managing
Director by 31 October 2016. She will also step down as a director
of the Corporation at that time.
Christopher Smith, Chairman of the Corporation commented as
follows:
"Caroline Banszky has been our Managing Director for over 13
years. Under her stewardship, the independent fiduciary services
businesses - which are an integral part of Law Debenture's unique
offering - have diversified and grown profitably. The businesses
have delivered significant income for the investment trust, which
has enabled the board to maintain or increase the dividend every
year that Caroline has been Managing Director, even during periods
when markets have suffered major downturns. She has worked
tirelessly on behalf of shareholders to ensure that Law Debenture
has maintained its reputation for innovation, independence and
reliability.
Law Debenture therefore delivered during Caroline's tenure on
its objective to achieve long term capital growth and steadily
increasing income.
I would like to place on record the board's appreciation for
Caroline's long and distinguished service."
The Nominations Committee of the board will now conduct a
process to identify Caroline's replacement and a further
announcement will follow in due course.
Ian Bowden
Head, Company Secretariat
Tel: 020 7696 5285
Email: ian.bowden@lawdeb.com
Notes:
1. Caroline Banszky was appointed as an executive director of
the Corporation on 29 January 2002 and became the Group Managing
Director at that year's AGM, following the retirement of her
predecessor.
2. From its origins in 1889, Law Debenture has diversified to
become a group with a unique range of activities in the financial
and professional services sectors. The group divides into two
distinct areas of business:
A. It is a global investment trust, listed on the London Stock
Exchange with a portfolio of investments managed by James Henderson
of Henderson Global Investors Limited. The objective is to achieve
long term capital growth in real terms and steadily increasing
income.
B. Law Debenture is a leading provider of independent fiduciary
services. Its activities are corporate trusts, pension trusts,
corporate services (including agent for service of process),
whistle blowing services and governance services. It has offices in
London, Sunderland, New York, Delaware, Hong Kong, the Channel
Islands and the Cayman Islands.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAPKQDNOBDDKBD
(END) Dow Jones Newswires
December 15, 2015 02:30 ET (07:30 GMT)
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Law Debenture (LSE:LWDB)
Historical Stock Chart
From Jul 2023 to Jul 2024