Western Selection appoints Jane Dumeresque and Nick Stagg to its Board as Non-Executive Directors

– UK, London – Western Selection PLC (ISDX:WSE), the NEX Exchange Growth Market listed investment company, today announced the appointments of Jane Dumeresque and Nick Stagg as Non-Executive Directors of the Company with immediate effect.

Jane Dumeresque and Nick Stagg are chartered accountants by qualification and, in their careers, both have been actively involved and experienced in the financial services industry, investment management and the development of small companies.

Jane Dumeresque, qualified as a chartered accountant in 1983 with KPMG before spending 4 years in corporate finance with City based corporate stockbroker and research firm, Citicorp Scrimgeour Vickers. After leaving Citicorp Scrimgeour she subsequently took up executive roles in asset management and financial services with Gordon House Securities, JD Capital Management Limited, Principal Investment Management Limited and Lawshare Limited and from 2006 to 2009 Mrs Dumeresque served as Group Finance Director of AIM-listed financial services group, Syndicate Asset Management plc. In recent years she was Finance Director with AIM-listed AFC Energy PLC, a non-executive director and Chairman of the Audit Committee of Japaninvest Group plc (before its acquisition by Haitong International Holdings (UK) Limited) and latterly she was CEO of Folk2Folk Limited, an FCA regulated alternative finance lender.

Nick Stagg, qualified as a chartered accountant with KPMG in 1984 and, after leaving KPMG, joined London Shop PLC as CFO. In 1989, he became involved with the commercial property sector firstly as CFO of B &C Properties Limited and then as a director and subsequently Group Managing Director of Lambert Smith Hampton plc (formerly Herring Baker Harris Group plc), then one of the largest UK property consultancies, which he subsequently grew by acquisition and then led to a full listing on the London Stock Exchange. Mr Stagg subsequently spent three years as Managing Director of W S Atkins PLC with responsibility for its overseas operations in 22 countries. In 2001 he joined fully listed corporate stockbrokers, Teather & Greenwood Holdings plc firstly as a director, then Chief Operating Officer and subsequently as CEO, taking responsibility for its development into a small investment bank and its subsequent sale to an international investment bank, Landsbanki Islands hf, which subsequently sold its international operations, including Teather & Greenwood Holdings, to Icelandic banking group, Straumur-Burdaras. In October 2009 Mr Stagg joined the board of MCG plc, an international consultancy group where he is now Executive Chairman.

David Marshall, Chairman of Western, commented: “I am delighted to welcome Jane Dumeresque and Nick Stagg to the Board of Western. Since last year, we have been looking not only to strengthen the Board in terms of numbers of directors but also to ensure that the Board has the right mix of skills, diversity and experience to enable us to meet the Company’s objectives and take the business of Western forward. Jane and Nick add new and complementary skills and significant financial and investment experience to the Board and with the now enlarged Western team I’m very confident of developing our investment business and the Company’s future prospects.”

Jane Dumeresque commented: “I am delighted to be joining the Board of Western Selection at an exciting point in their development. I look forward to working with the Board and together identifying new and interesting investment opportunities for Western”.

Nick Stagg commented: “I am looking forward to joining the board of Western and working with my fellow Directors to add value to the company”.

About Western Selection PLC

The Company is an established closed-ended investment company whose Ordinary Shares are listed and traded on NEX Exchange Growth Market.

The objective of the Company is to achieve long term growth of both dividends payable and shareholder funds. The Company aims to maximise the return on your investment through a combination of minority investments in small UK listed and unlisted companies and investments in major listed companies.

For more information : https://www.westernselection.co.uk

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