NCE New City Energy

 
TIDMNCE 
 
 
   NEW CITY ENERGY LIMITED 
 
   Change of Co-manager 
 
   26 October 2015 
 
   The Company's investment manager, CQS (UK) LLP, has informed the Board 
that Will Smith, co-manager of the Company's investments, will be 
leaving CQS/New City Investment Managers.   Will's co-management 
responsibilities have been passed to Keith Watson and Robert Crayfourd 
with immediate effect.  Accordingly, the Company's investments will be 
co-managed by Ian Francis, Keith Watson and Robert Crayfourd, who are 
supported by the CQS research team. The Board would like to express its 
thanks to Will for his contribution to the management of the Company 
since 2008. 
 
   Ian ("Franco") Francis has been with CQS/New City Investment Managers 
since 2007 and is lead fund manager of CQS New City High Yield Fund 
Limited.  He has been co-manager of the Company since 2011 and is also 
co-manager of New City Energy Limited. He has extensive experience of 
investing in both the income and convertible spheres. Ian has worked in 
a variety of senior roles in convertible bond departments at firms 
including Collins Stewart Limited, West LB Panmure and James Capel. 
 
   Keith Watson has been with CQS/New City Investment Managers since 2013 
and is co-manager of Geiger Counter Limited and Golden Prospect Precious 
Metals Limited.  Keith has over twenty-three years' of resource 
investment and research experience with firms including Scottish 
Amicable Investment Managers, Mirabaud Securities and Evolution 
Securities. 
 
   Rob Crayfourd joined CQS/New City Investment Managers in 2011 and has 
worked as an analyst for the New City managed natural resources funds. 
Prior to joining CQS, Rob was an analyst at the Universities 
Superannuation Scheme and HSBC Global Asset Management where he focused 
on the resource sector. Rob is a CFA Charterholder and holds a BSc in 
geological sciences. 
 
   Craig Cleland, CQS (UK) LLP    - Tel: 020 7201 5368 
 
   Sue Inglis, Cantor Fitzgerald  - Tel: 020 7894 8016 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: New City Energy Ltd via Globenewswire 
 
   HUG#1961399 
 
 
 
 

(END) Dow Jones Newswires

October 26, 2015 08:00 ET (12:00 GMT)

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