12 January 2017
St Peter Port Capital Limited
(the "Company")
Board Changes
The Company is pleased to announce the appointment of a new director, Russel Michel, who joins the board as a non-executive director with immediate effect.
The Company also wishes to announce that Peter Griffin is stepping down as a director of the Company at this time.
Mr. Michel initially joined the Stenham Group in 1997 as Head of Channel Island operations. He has served as a director of Stenham Asset Management Inc. since November 1997 and Stenham Management Services (CI) Limited since inception in 2005 and was appointed Chairman of both companies in 2013. Prior to that he was a director of Lazard Fund Managers (CI) Limited and group financial controller at M.D.B. Holdings Limited. Russel is a Chartered Accountant who trained at Reads & Co.
Lynn Bruce, Chairman, commented: "I would like to thank Peter for his valuable contribution to the Company over the years since its inception in 2007 and I wish him well in his retirement. I am also very pleased to welcome Russel to the Board. I believe that he brings new and complementary skills to the Board and will provide valuable insight to help the Company conduct its strategic review."
Russel Andrew Peter Michel, aged 55, is, or has been, a director or partner of the following entities within the past five years:
| Current Directorships and Partnerships: | Directorships and Partnerships held in the previous 5 years: |
| Stenham Management Services (C.I.) Limited | Sam Global Opportunities Inc. |
| Stenham Asset Management Inc. | Sam Tantalum Fund Inc. |
| Stenham Newco1 Limited | Stenham Universal II Investment Holdings Inc. |
| Stenham Investment Funds PCC Limited | Stenham Investment Funds (Caymen) SPC |
| Stenham Asia Investment Holdings Limited | The Ballast Fund |
| Stenham Growth Investment Holdings Limited | Stenham Global Resources Investment Holdings Limited |
| Stenham Managed Fund Investment Holdings Limited | Stenham Gold Investment Holdings Limited |
| Stenham Multi-strategy Investment Holdings Limited | Stenham Helix Investment Holdings Limited |
| Stenham Targets Skills Investment Holdings Limited | Stenham KB Gateway Investment Holdings Limited |
| Stenham Healthcare Investment Holdings Limited | Stenham Opportunities Investment Holdings Limited |
| Stenham Credit Opportunities Investment Holdings Limited | Stenham Asset Management Holdings Limited |
| Stenham Quadrant Portfolio Inc. | |
| Stenham Trading Inc. | |
| Stenham Trading Portfolio Inc. | |
| Stenham Universal II Portfolio Inc. | |
| Stenham Universal Portfolio Inc. | |
| Stenham Universal Investment Holdings Inc. | |
| The Scorpius Fund Limited |
Mr. Michel holds 75,000 ordinary shares in the Company representing 0.17% of the ordinary share capital of the Company.
There is no further information required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules for Companies.
For further information:
St Peter Port Capital Limited
| Lynn Bruce, Director | +44 (0) 1481 724 222 |
| Grant Thornton UK LLP (Nominated Adviser) Philip Secrett Jamie Barklem Carolyn Sansom | +44 (0) 20 7383 5100 |