In a brief statement this morning, it was announced that Stuart Widdowson had resigned as manager of Strategic Equity Capital. At the time of writing the shares are off 6%. The full text of the announcement is reproduced below.
The Board of Strategic Equity Capital plc (the “Company”) announces that it has been informed by its manager, GVQ Investment Management Limited (“GVQIM”), that Stuart Widdowson, the Company’s lead portfolio manager, has tendered his resignation.
Jeff Harris of GVQIM, who has worked with Stuart since 2014, will assume responsibility for the portfolio management of the Company.
SEC : Stuart Widdowson resigns as manager of Strategic Equity Capital