Herald Investment Trust appoints Christopher Metcalfe to its Board as Independent Director

– UK, London –  Herald Investment Trust plc (LON: HRI) today announced the appointment of Christopher Metcalfe to its Board as an independent non-executive director with immediate effect.

About Christopher Metcalfe

Christopher Metcalfe is chairman of the Martin Currie Global Portfolio Trust, senior independent non-executive director at JP Morgan US Smaller Companies Investment Trust, and a non-executive director of Columbia Threadneedle UK Capital and Income Investment Trust plc. He was previously a non-executive director of abrdn Smaller Companies Income Trust until its merger with Shires Income in December 2023.

He has considerable investment management experience having worked previously at Newton Investment Management (2006-2017), Schroder Investment Management (1995-2006), and Henderson Administration Group plc (1985-1994).

About Herald Investment Trust

Herald Investment Trust invests globally in the excellent opportunities available in the smaller quoted technology and communications sectors. The Company was established in 1994 and raised £65 million on launch and a further £30 million in 1996. No further capital has been raised.

HIT occupies a unique position as the only investment trust offering expert access to such a wide range of small and microtechnology and communications stocks to both retail investors and institutions, and performs a vital (and very successful) role in enabling the returns from such companies to be shared by a wide range of investors.

Since its inception, the Company has invested approximately £660 million of primary capital, of which over £500 million has been invested in UK-listed and AIM companies. In addition to providing outstanding returns to shareholders, the Company’s initial capital has been reinvested multiple times providing much-needed capital to a growth sector of the UK economy, helping to build businesses, create skilled jobs, and enhance the UK’s productivity. Of the total profits of approximately £1.4 billion made by the Company since 1994, over £900 million is attributable to UK-listed investments and AIM stocks.

SOURCE: https://www.heralduk.com/

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