UTILICO EMERGING MARKETS TRUST PLC

Board/Management Information • Nov 22, 2021

National Storage Mechanism | Additional information

RNS Number : 1616T

Utilico Emerging Markets Trust PLC

22 November 2021

22 November 2021

UTILICO EMERGING MARKETS TRUST PLC

(LEI Number: 2138005TJMCWR2394O39)

Appointment of Director

The Board of Utilico Emerging Markets Trust plc (the "Company") is pleased to announce the appointment of Ms Isabel Liu as an independent non-executive director with immediate effect. 

The Company's most recent report and accounts, published in June 2021, confirmed that the Board planned to consider board refreshment in the current year and an external independent recruitment consultancy was engaged to conduct a search and selection process.  The appointment of Ms Liu follows the announcement of Mr Mark Bridgeman's appointment to the Board on 22 September 2021.

Mr Anthony Muh, who has served on the Board of the Company and its predecessor (Utilico Emerging Markets Limited) since October 2010 has indicated that he will retire from the Board following the conclusion of the Company's next annual general meeting in September 2022.

Ms Liu has over 25 years global experience investing equity in infrastructure, including the $1 billion AIG Asian Infrastructure Fund, the €1 billion ABN AMRO Global Infrastructure Fund and was managing director of the Asia Pacific investment business of John Laing plc.  More recently Ms Liu served as a non executive director of Pensions Infrastructure Platform, backed by UK pension schemes to invest in UK infrastructure. She has been a board member of Transport Focus, the consumer watchdog for public transport and England's highways, and Heathrow Airport's Consumer Challenge Board.  She is currently a non executive director of Schroder Oriental Income Fund Limited.  Ms Liu holds a BA in Economics from the Ohio State University, a Masters in Public Policy from Harvard Kennedy School and an MBA from the University of Chicago Booth School of Business.

As at the date of this announcement Ms Liu's husband held 6,802 shares in the Company.

There are no further details required to be disclosed pursuant to section 9.6.13R of the Listing Rules.

Name of contact and telephone number for enquiries:

ICM Investment Management Limited                                 +44(0)1372 271486

Charles Jillings / Alastair Moreton

Montfort Communications

Gay Collins, Pippa Bailey                                                         +44(0)20 3770 7913

utilico@montfort.london

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