TIDMET.

RNS Number : 7718L

Establishment Inv. Trust PLC (The)

08 July 2014

The Establishment Investment Trust plc (the "Company")

The Board of directors of the Company announces that, as previously indicated in the Company's Annual Report for the year ended 31 March 2014, the Company has approved the appointment of Blackfriars Asset Management Limited as investment manager to Company. The appointment will take effect on 15 July 2014. The appointment of BDT Invest LLP has been terminated with an effective date of 15 July 2014 but Mr Henry Thornton will continue to have primary responsibility as the Company's portfolio manager. No fees will be payable to BDT Invest LLP beyond those due up to the effective date. The fees payable to Blackfriars Asset Management Limited will be calculated on the same basis as under the agreement with BDT Invest LLP save that the performance fee provisions have been removed.

Enquiries:

 
 Anthony Lee                         020 7490 4355 
 Cavendish Administration Limited 
 Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

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