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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Poundland | LSE:PLND | London | Ordinary Share | GB00BJ34VB96 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 225.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPLND
RNS Number : 4964Q
Poundland Group PLC
18 June 2015
18 June 2015
Directorate Changes
Poundland Group Plc (the "Company"), Europe's biggest single price discount retailer, announces the resignations of Paul Best as a non-executive Director of the Company with effect from 17(th) June 2015 and of Richard Lancaster as an Executive Director, also with effect from 17(th) June 2015.
Paul Best - non-executive Director
Paul Best has represented Warburg Pincus LLC, the Company's principal shareholder, on Poundland's Board since its investment in the Company in June 2010. Paul's resignation 15 months post the IPO follows the decision of Warburg Pincus to reduce its shareholding in the Company to 16.4% earlier this year.
Darren Shapland, Poundland's Chairman, said: "In the five years he has been a member of the Board, Paul has been a great source of advice and technical insight, providing commercial and investment support leading to the successful IPO last March. He leaves with the appreciation and thanks of the whole company and we wish him well for the future."
Paul Best said: "I have thoroughly enjoyed my tenure as a director of Poundland and feel privileged to have been part of a team that has overseen the growth and development of the business. I am very confident that the Poundland growth story will continue and wish the business every success in the future."
Richard Lancaster - Executive Director
Richard Lancaster joined Poundland in July of 2012 and was appointed to the Executive Board in February 2014. Richard leaves the business to join the Co-operative Group, based in Manchester, as Managing Director of their Funeralcare business.
Jim McCarthy, Poundland's Chief Executive, said: "In the 3 years he has been with the business, Richard has added significant value. Richard leaves with the appreciation and thanks of the whole company. We wish him well for the future."
Richard Lancaster said: "I have thoroughly enjoyed my role as Trading Director of Poundland and feel proud to have been part of the leadership team of such a growing and successful business. I am confident that Poundland will continue to grow and prosper and wish the business every success in the future."
For further information please contact:
Poundland Group plc +44 (0) 121 568 7000 Darren Shapland, Chairman Philip Dorgan, Head of Investor Relations Citigate Dewe Rogerson +44 (0)20 7638 9571
Simon Rigby
Angharad Couch
This information is provided by RNS
The company news service from the London Stock Exchange
END
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