Concha plc General Update and Board Change (4460P)
08 Junho 2015 - 3:01AM
UK Regulatory
TIDMCHA
RNS Number : 4460P
Concha plc
08 June 2015
For Immediate Release 8 June 2015
Concha PLC ("Concha")
General Update and Board Change
Concha announced with its interim results on 31 March 2015 that
it was in discussions regarding a specific global opportunity
within its investment scope. Those discussions are on-going and as
part of this process, Concha's Asian based non-executive Director
Gordon Watson is stepping down from the Board with immediate effect
to take on a non-executive Board role with the proposed Concha
investee company. Accordingly, Mr Watson removed himself from the
discussions between both parties and he shall remain an insider for
the duration of this transaction process. At present, there can be
no guarantee that this investment will be successfully completed
and the Board will update shareholders about further developments
as appropriate.
Commenting on today's announcement Gordon Watson said:
"Just over a year ago Chris asked me to join his small dedicated
team to help create a distinct UK listed investment vehicle focused
on high impact and potentially disruptive global opportunities in
the rapidly changing online social media space. We have been
cautious in our assessment of various interesting opportunities.
During the past several months we have as a team worked on a
specific transaction and I have accepted the opportunity to take up
a non-executive role with this proposed Concha investee company and
as such step down today from my role as a non-executive Director of
Concha. This is to avoid any possible conflict and ensure the
highest level of due process and governance that all stakeholders
wish to adhere to."
Concha Chairman Chris Akers said:
"Gordon has been a valuable Board member of Concha. Whilst work
remains to be done on the proposed investment and no certainty of
outcome can be given at this stage, the Concha Board shall continue
to focus in the weeks ahead to endeavour to achieve the desired
outcome for the benefit of our shareholders."
For further Enquiries
Concha PLC
Chris Akers, Executive Chairman chris.akers@srgplc.com
SPARK Advisory Partner Limited (Nominated Adviser) +44 (0) 203
368 3550
Sean Wyndham-Quin
Mark Brady
Buchanan (Financial PR) +44 (0) 207 466 5000
Mark Edwards
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAUBARRVAANRUR
Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Concha (LSE:CHA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
Notícias em tempo-real sobre Concha da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Concha