Directorate Change
10 Outubro 2003 - 1:11PM
UK Regulatory
rRNS Number:7934Q
4imprint Group PLC
10 October 2003
Press Release 10 October 2003
4imprint Group plc
("4imprint" or "the Company")
Board changes and withdrawal of EGM requisition
The Board announced on 23 September 2003 that an Extraordinary General Meeting
had been requisitioned to replace four non-executive directors of 4imprint with
three nominees proposed by HIP-IV Incorporated ("Hanover"). Ongoing discussions
with Hanover and other major shareholders have resulted in agreement regarding
the structure of the Board of 4imprint going forward.
Under this agreement, Edward Bramson of Hanover has been invited to become
Non-Executive Chairman, while Matthew Peacock, also of Hanover, and Ian Brindle,
former UK Chairman of PricewaterhouseCoopers, have been invited to become
Non-Executive Directors. Nick Temple will remain on the Board as Non-Executive
Director, along with Dick Nelson (Chief Executive) and Craig Slater (Finance
Director).
Rodger Booth, Mike Potter and Peter Evans have resigned from the Board, and the
Company would like to thank them for their valued contributions, particularly
over the past couple of challenging years, and wish them well in their future
endeavours.
Whilst the Board recognises that this new structure does not fully comply with
commonly used guidelines on corporate governance, in particular the independence
of non-executive directors, it believes that this Board structure enjoys the
support of the majority of shareholders, including Hanover and a number of the
Company's major institutional shareholders.
The new Board will bring a fresh perspective to the Company as it continues its
work to add value to all shareholders. The transition of responsibilities to the
new Board is already underway.
As a result of these changes the Board has today received written notification
of the withdrawal of the requisition for an EGM.
- Ends -
For further information, please contact:
4imprint Group plc
Dick Nelson, CEO Tel: 00 1 920 236 7270
Email: dnelson@4imprint.com
Media enquiries:
Bankside
Henry Harrison-Topham Tel: +44 (0) 20 7444 4140
Email: henry.ht@bankside.com www.bankside.com
This information is provided by RNS
The company news service from the London Stock Exchange
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