Information  X 
Enter a valid email address

Finsbury Growth Tst. (FGT)

  Print      Mail a friend       Annual reports

Friday 02 April, 2004

Finsbury Growth Tst.

Director Change/Int in Shares

Finsbury Growth Trust PLC
02 April 2004

                                                           For immediate release

                                                                    2 April 2004

                           FINSBURY GROWTH TRUST PLC


The Board of Finsbury Growth Trust announces the resignation, on 1 April 2004,
of Mr J A V Townsend as a director. Mr Townsend's wife, through family trusts,
is interested in just over 26.6 per cent. of the voting shares of Hansa Trust
PLC ('Hansa').

Mr Townsend has resigned from the Board to avoid any conflict of interests over
decisions by Finsbury Growth Trust to use its share buy-back powers to purchase
shares from Hansa.


The Board of Finsbury Growth Trust has been advised today by Hansa that it has,
on 2 April 2004, disposed of its holding of 6,900,000 shares (17.7% of the share
capital of Finsbury Growth Trust) at a price of 179.39p per share. New investors
have purchased 5,458,390 of these shares and 1,441,610 have been bought back by
the Company at a price of 179.39p per share.

For further information please contact:
Tracey Gower, Company Secretary
Close Finsbury Asset Management Limited
Telephone 020 7426 6219

                      This information is provided by RNS
            The company news service from the London Stock Exchange