Foresight Technology VCT plc has appointed Michael Gray as a non-executive director, effective September 17, 2026.
Gray brings 31 years of experience from The Royal Bank of Scotland Group plc, where he most recently served as regional managing director of corporate banking for RBS International. In that role, he was responsible for the bank's Corporate Banking Business across the Crown Dependencies and British Overseas Territories. His career at RBS also included positions as an auditor and various general management and lending roles across multiple industries.
The appointment forms part of the board's succession planning following the retirement of Tim Dowlen at the conclusion of the company's annual general meeting.
Gray will serve as a member of the Audit Committee, the Management Engagement and Remuneration Committee, and the Nomination Committee. He does not hold any shares in Foresight Technology VCT at the date of his appointment.
In assessing Gray's independence, the board considered his recent directorship at Foresight Enterprise VCT plc, which is also managed by Foresight Group LLP—the same manager behind Foresight Technology VCT. The board determined him to be independent in character and judgment and independent of the manager.
Gray currently holds directorships at J-Star Jersey Company Limited, Foresight Enterprise VCT plc, MMG Consulting Limited, MMG Investments Limited, Triton Investment Management Limited, and JST Company Limited. Within the past five years, he has also served as a director of Team plc, JTC plc, GCP Infrastructure Investments Ltd, EPE Special Opportunities Limited, ESO 1 Ltd, ESO 2 Ltd, and Evelyn Partners International Limited.
The announcement was made in compliance with UK Listing Rules 6.4.6R and 6.4.8R.
