– UK – Baronsmead VCT plc is pleased to announce that Susannah Nicklin and Les Gabb have been appointed as Directors of the Company with effect from 12 May 2014.

Susannah has 20 years of investment and financial services experience, including corporate finance, mergers & acquisitions, equity research, wealth management and asset management sales. She was a Research Associate at Henley Business School. Susannah spent almost 15 years working with The Goldman Sachs Group, Inc. in the US, Australia and UK in their Investment Banking and Global Investment Research divisions before she joined Alliance Bernstein in 2008, where she managed private client portfolios and led family office and quasi-institutional business development.

Susannah left Alliance Bernstein in August 2011 and joined Bridges Ventures, as the first Fellow on the Bridges Ventures Fellowship Programme. Currently, Susannah is a co-founder and a managing director of Lotus & Co. She is also a non-executive director at Pantheon International Participations PLC and a member of the investment committee of private equity fund Impact Ventures UK.

Les qualified as a C.A. at KPMG Peat Marwick McLintock in 1987 and studied Biochemistry at Oxford University.

For 9 years Les was the managing director and European finance controller of Bermuda International Investment Management (Europe). As the Chief Executive of this company, he was responsible for the finance function in the Bank of Bermuda European group. He also worked at Credit Industriel et Commerciel et UEI, where for three years, he was the head of accounts in the London branch of the French Bank.

Currently, Les is a finance partner at Advent Venture Partners and is responsible for all finance and administrative functions of the group.

Les is an Associate of the Chartered Institute of Taxation, a previous member of the BVCA Legal and Technical Committee, the EVCA Venture Capital Council, and the EC Tax Expert Group on cross-border venture capital investing.

The Company also announces that John Mackie has resigned with effect from 8 May 2014 and that Godfrey Jillings has informed the Board of his intention to resign as a Director of the Company with effect from 1 June 2014.

Valerie Marshall will succeed Godfrey Jillings as Senior Independent Director with effect from 1 June 2014.

Peter Lawrence, Chairman of Baronsmead VCT plc, commented: “I am delighted to welcome Susannah and Les to our Board, where their experience and judgement will complement our collective expertise and help us to continue delivering value to shareholders. I would like to sincerely thank both Godfrey Jillings and John Mackie for their contribution to our Board over the past years. We wish them all good fortune in their future plans and pursuits.”

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