The Board of LSA announced the new structure of its Board as previously indicated in the Company's half year report to 30 June 2020. Yves Mertz and Robert Edelstein will step down as Directors from the Board with effect from 31 December 2020. Both will continue to advise the Board in their capacity as representatives of two of their key service providers. LSA previously announced the departure of Franck Mathe, who retired as a Director of the Company on 30 September 2020 after serving on the Board (and the predecessor company) for many years. Accordingly, the Board will now consist of Michael Baines (Chairman), Guner Turkmen and Christopher Casey, all of whom are non-executive and independent of both the investment manager, Acheron Capital Limited and of LSA's service providers. The Board does not intend to recruit additional Board members at present.