Appointment of New Director - Majedie

Appointment of New Director

The Board of The Edinburgh Investment Trust plc (the ‘Company’) is pleased to announce the appointment of Patrick Edwardson as an independent Non-Executive Director of the Company with immediate effect.

Patrick has 27 years of investment experience as a fund manager with Baillie Gifford, where he was a Partner and Head of the Multi-Asset Team before his recent retirement.  Mr Edwardson is also a Non-Executive Director of JP Morgan Multi-Asset Trust plc.

Glen Suarez, Chairman of the Company, said: “On behalf of all the Directors, we are delighted that Patrick has agreed to join the Board; we welcome him and very much look forward to working with him. Along with his knowledge of the UK equity market and deep knowledge of investment companies, Patrick brings extensive experience of income investing from his role as the Fund Manager of the Scottish American Investment Company from 2004 to 2014. I have no doubt that he will rapidly become an extremely valuable member of the Board.”

As is the case with all Directors of the Company, shareholders will have the opportunity to vote on Patrick’s continuing directorship at the AGM in July this year. It should be noted two long serving directors, Max Ward and Gordon McQueen, will not be seeking re-election at the AGM as they will be retiring.

11 February 2021