Strategic Equity Cap Company update
February 20 2017 - 10:24AM
UK Regulatory
TIDMSEC
Strategic Equity Capital plc
20 February 2017
Company update
The Board of Strategic Equity Capital plc (the "Company") understands that
Harwood Capital Management ("Harwood") and its representatives, of their own
volition, are speaking to the Company's shareholders with a view to promoting a
scheme that would result in Harwood, or an affiliate thereof, managing some or
all of the Company's assets.
The Board has been informed that Stuart Widdowson, the Company's former lead
portfolio manager at GVQ Investment Management Limited ("GVQIM"), will be
associated with Harwood in due course in establishing a new venture.
The Board has been advised by its manager, GVQIM, that Stuart Widdowson will
not be in a position to put himself forward to manage some or all of the
Company's assets for a period of up to 18 months pursuant to the terms of his
employment contract with GVQIM.
As stated in the Company's recently published Interim Report, the Board
continues to place strong corporate governance very highly on the agenda and
monitors the performance of all the Company's service providers, including
GVQIM, closely and regularly and will continue to act in the best interests of
all shareholders.
Enquiries:
Richard Hills (Chairman) 0131 538 1400
PATAC Limited (Secretary) 0131 538 1400
Canaccord Genuity Limited 020 7523 8000
Andrew Zychowski
Lucy Lewis
Buchanan 020 7466 5000
Richard Darby
Charles Ryland
END
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