LONDON (Thomson Financial) - General Capital Group PLC said its executive deputy chairman Jonathan Hill has decided to step down with immediate effect.
The asset and venture finance specialist said Hill's decision follows his recent decision to resign from the boards of Sabien Technology Group PLC and Helius Energy PLC.
General Capital said it has entered into a consultancy agreement with Hill, under which he will assist the group with existing Venture Finance transactions and the origination of further business.
The company said Hill, having a beneficial interest of 4.47 mln shares or 17.79 pct in General Capital, has formally undertaken to retain those shares for a period of at least one year.
