IN BRIEF: Merchants Trust appoints Karen McKellar as next chair

Merchants Trust PLC - Investment trust dedicated to investments in higher yielding large UK companies - Announces that Colin Clark will retire from his role as chair, with effect from September 30, when he will be succeeded by Karen McKellar, who is currently the company’s senior independent director. Meanwhile, Neil Galloway will become senior independent director. Incoming chair McKellar says: ‘I would like to thank Colin personally for his outstanding leadership and significant contribution to The Merchants Trust. Given the successful long term track record of the company, I am privileged to have the opportunity to continue to build on the strong foundations Colin helped establish.’

Current stock price: 642.56 pence each, up 0.4% on Thursday morning in London

12-month change: up 15%

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