The Board of Athelney Trust plc announced the sudden resignation of Robin Boyle as Managing Director and Fund Manager with immediate effect, his resignation was as a result of the non-executive Directors overruling his request to bring about major changes in the management of the Company. Dr. Emmanuel (Manny) Pohl, current Athelney Trust Chairman, will take over both roles. Simon Moore will take over the role of Chairman.

Robin remains a significant shareholder. Manny is Chairman and CEO of E C Pohl & Co. Manny has a long investment track record running highly rated listed investment companies in Australia (note 1) and has spent the last 12 months running a UK equity portfolio in parallel with Athelney Trust that has performed extremely well.