EPE Special Opportunities' long-time chairman passes away

Private equity investment company EPE Special Opportunities revealed on Wednesday that chairman Geoffrey Vero had passed away.

EPE praised Vero, who was appointed chairman in 2006, for his "invaluable contribution" to the company, leading it through the financial crisis of 2008 and "a number of significant and complex corporate transactions".

The AIM-listed outfit said it had "flourished" under Vero's stewardship, benefitting at all times from his "integrity and considerable expertise as a chartered accountant, businessman and investor."

"The board wishes to acknowledge the many years of support Mr Vero has given ESO, his fellow directors, the shareholders and the investment advisor, and express its gratitude for his outstanding leadership of the company," EPE said in a statement.

EPE has convened a board meeting for next week to discuss the appointment of Vero's successor.

As of 1055 BST, EPE shares had slipped 2.78% to 175p.