The board of directors of Hygea VCT plc appointed Richard Manley as an additional non-executive director with immediate effect. Richard is a director and CEO of Seneca. He has with KPMG in 2004, joined NM Rothschild's leveraged finance team in Manchester in 2007 before joining Cenkos Fund Managers in 2008. Richard joined Seneca on launch in 2010. Richard has been involved in the development of all areas of Seneca's business and played a key role in its journey from start up to managing more than £100 million. Richard became Managing Partner in 2016 and CEO in 2017. Richard Roth, a director of the Company subscribed for £15,000 of New ‘B’ Shares under the Offer and has been allotted 15,000 New ‘B’ Shares. As a director of the Company Richard Roth is a related party of the company under the Listing Rules and this subscription is, therefore, a transaction to which Listing Rule 11.1.10R applies.