RNS Number : 1882X
Utilico Emerging Markets Limited
17 November 2014

17 November 2014








Utilico Emerging Markets Limited ("UEM") announces that Kevin O'Connor has retired from the Board of UEM with effect from today. 


Alex Zagoreos, Chairman, commented:

"On behalf of the Board, I thank Kevin for his support, enthusiasm and guidance as a director of the Company since its launch in 2005. Kevin has always been keen to understand the markets, sectors and companies we have invested in and we will miss his wise counsel and contribution at the Board meetings."


UEM is pleased to report that Garth Milne has been reappointed to the Board with immediate effect. Mr Milne has been involved in the investment company sector for over 40 years, and has been a consultant to the Board for the last four years. Mr Milne resigned as a Director of the Company in 2010 as he was chairman of Westhouse Holdings plc, the holding company of the Company's broker, Westhouse Securities Limited; he has recently stepped down from the board of Westhouse Holdings plc and therefore is no longer conflicted.


The following information is required to be disclosed in respect of LR 9.6.13 of the FCA Listing Rules for Mr Milne:


Current directorships of publicly quoted companies:

Invesco Perpetual UK Smaller Companies Investment Trust plc


Previous directorships within the last five years:


Westhouse Holdings plc

Utilico Emerging Markets Limited

Real Estate Opportunities Limited

Details of directorships of any company which has gone into receivership, liquidations etc:


Real Estate Opportunities Limited

Any unspent convictions:




There is no other information to be disclosed in respect of LR 9.6.13.


Mr Milne currently holds 601,684 ordinary shares in the Company, both direct and within his pension fund.


17 November 2014


For further information please contact:


ICM Investment Research Ltd

Charles Jillings

01372 271486


Westhouse Securities Limited

Alastair Moreton

0207 601 6118

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