- Closed-ended fund Tau Capital said it had appointed Gerwyn Williams as its new chairman as part of a board shakeup following a capital raising.

Williams had been joined on the company's board by Nigel Burton following the departure of Terence Mahony and previous chairman Philip Lambert.

Williams and Burton had participated in share issue announced last month, which gave them stakes in the company of 16.4% and 13.1%, respectively.

Tau Capital said it had also deferred any decision to change its name for the time being.

At 1:53pm: [LON:TAU] Tau Capital PLC share price was +0p at 0p

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