– ISLE OF MAN, Douglas – Terra Capital Plc, the AIM quoted investment company focussed on investing in value opportunities globally, primarily in frontier markets, announces the appointment of Mr Peter Bartlett as an independent non-executive director of the Company with effect from 16 December 2015.
On the appointment of Mr Bartlett, Mr Filip Montfort, who is also a director and principal of Terra Partners Asset Management Limited (the “Manager”), has tendered his resignation as a director of the Fund.
As a result of these changes to the Board of directors, the Board is now fully independent of the Manager.
Dirk Van den Broeck, non-executive Chairman commented: “I would like to thank Mr Montfort for his contribution and look forward to continuing to work with Mr Montfort in his role as a representative of the Manager.”
Peter James Bartlett aged 51, currently holds no shares in Terra Capital plc. He began his career in the late 1980’s at Lloyds International Bank. He then held positions in several London based banking organisations, dealing mostly with emerging and frontier markets before founding Exotix in 1999, growing it into an investment banking business with a strong franchise in both fixed income and equity in emerging and frontier markets, before leaving earlier this year.
About Terra Capital plc
Terra Capital plc is an AIM quoted investment trust focussed on generating high absolute returns while attempting to keep volatility to a minimum. The Fund predominantly invests in under-researched and under-valued companies listed on Frontier Market stock exchanges. The Fund Manager targets for investment companies that it believes are trading for less than their intrinsic worth and so, aside from any potential growth prospects, provide scope for capital appreciation as a result of a reversion towards their underlying value. Investments are also made in companies which are viewed as trading at fair value but which offer opportunities for growth at a reasonable price. The Investment Manager believes many such ‘value’ opportunities can be found in Frontier Markets due to inherent market inefficiencies in such markets. The Manager utilises in-house teams of its own analysts, resident on the ground in areas of interest to investigate suitable opportunities rather than rely on third party research.
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