Subsidiary Update

RNS Number : 7308Q

Personal Assets Trust PLC

19 June 2015

 

To:                   RNS

From:              Personal Assets Trust plc

Date:               19 June 2015

Subsidiary Update

The Board of Personal Assets Trust Administration Company Limited ("PATAC") is pleased to announce that Gill Hollis has been appointed as an independent non-executive Director of the Company, with immediate effect.

Hamish Buchan, Chairman of PATAC, said:

"Gill was responsible for investment trust marketing and shareholder and board relations at Baillie Gifford ("BG") between 1995 and 2000 and was a member of BG's internal Investment Trust Committee until 2007. She is now Director and Compliance Officer of Hollis Capital Limited ("HCL"). Her background in law and corporate finance and her recent experience at HCL of establishing and operating an FCA authorised enterprise will be invaluable to the Company and we much look forward to working with her in overseeing and developing PATAC."

PATAC, which is authorised and regulated by the FCA, provides company secretarial, administrative, AIFM and discount control services to Personal Assets Trust plc and to Troy Income & Growth Trust plc. It also provides company secretarial and administrative services to The Scottish Oriental Smaller Companies Trust plc and company secretarial services to Standard Life European Private Equity Trust PLC.

Steven Davidson

Company Secretary

Enquiries: 0131 538 6603

 

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