CYBG PLC Directorate Change (5824T)

TIDMCYBG TIDM11IO

RNS Number : 5824T

CYBG PLC

06 January 2017

CYBG PLC

(Company)

6 January 2017

Directorate Changes

The Company announces that Richard Gregory intends to retire as a Non-Executive Director on 10 January 2017. He will also retire as a Non-Executive Director of CYB Investments Limited and Clydesdale Bank PLC.

Richard joined the CYBG PLC group in March 2000 and is Senior Independent Non-Executive Director, Chair of the Board's Risk Committee, a member of the Board's Audit Committee and a member of the Board's Governance and Nomination Committee.

Jim Pettigrew, Chairman of the CYBG PLC Board said "On behalf of the Board I would like to thank Richard Gregory for his major contribution to the CYBG PLC group over a long period. Richard has been a very strong advocate of the Clydesdale and Yorkshire Bank brands during his extensive career and has brought considerable experience and insight to the Board. Richard played a key role in supporting the Board and management team during the Demerger from National Australia Bank Limited and the Initial Public Offering which was successfully completed last year. We wish him well for the future".

As a result of his retirement, Richard Gregory will not submit himself for re-election as a Director of the Company at the Company's Annual General Meeting on 31 January 2017 and resolution number 13 in the Notice of Annual General Meeting 2017 is therefore withdrawn.

David Bennett, Deputy Chairman will be appointed Senior Independent Non-Executive Director with effect from 11 January 2017. David joined the CYBG PLC group in October 2015. He is a member of the Board's Audit Committee, Board's Governance and Nomination Committee, Board's Risk Committee and Board's Remuneration Committee.

In addition, Clive Adamson will be appointed Chair of the Board's Risk Committee with effect 11 January 2017. Clive joined the CYBG PLC group in July 2016. He is a member of the Board's Audit Committee and Board's Risk Committee.

There are no other matters requiring disclosure under Listing Rule 9.6.13.

Enquiries

Investors and Analysts

John Crosse [phone]

Head of Investor Relations [e-mail]

Hany Messieh [phone]

Investor Relations (Australia) [e-mail]

Company Secretary

Lorna McMillan 07834 585436

Company Secretary [e-mail]

Media Relations

Press Office 0800 066 5998

[e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 06, 2017 10:38 ET (15:38 GMT)