Numis Corporation PLC Board Changes (3658M)

TIDMNUM

RNS Number : 3658M

Numis Corporation PLC

28 July 2017

28 JULY 2017

Numis Corporation Plc

Board Changes

The Board of Numis Corporation Plc ("Numis") today announces the following changes:

Simon Denyer will stand down from the Board in January 2018 and will be succeeded by Andrew Holloway. After more than 11 years with the firm, Simon has decided to leave the business to pursue other opportunities but will provide a thorough handover to his successor before he departs. The appointment of Andrew Holloway as an Executive Director and Chief Financial Officer is subject to regulatory approval.

Lorna Tilbian has informed the Board of her decision to leave the Company after more than 16 years of service in order to pursue other opportunities. She will stand down from the Board with effect from 30 September 2017 and will leave the business on 31 December 2017.

Marcus Chorley will stand down from the Board with effect from 30 September 2017. Marcus will remain within the business in his current role of Chairman of Equities and continue to serve as executive director of the subsidiary company board of Numis Securities Limited.

Commenting on the changes, Alan Carruthers, Chairman of the Board said:

"The Board is enormously grateful to both Simon and Lorna for the significant contribution they have each made to the development and success of Numis. On behalf of the entire Board, I wish them well in their individual endeavours.

As sign-posted in the Company's most recent annual report and accounts, the composition of the Board has been subject to further review during 2017. Consequently, it is being streamlined to reflect a more balanced mix of executive and non-executive directors as was seen prior to the beginning of the firm's CEO succession planning which completed last year. As a result, Marcus has agreed to stand down. I would like to thank Marcus for his service to the Board and look forward to his continuing valued contribution to the Equities business.

The Board strongly believe that Andrew has the attributes to make a positive contribution to the continued development of Numis in the role of Chief Financial Officer. I look forward to welcoming him to the Board in due course".

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Contacts

   Alex Ham and Ross Mitchinson                                               020 7260 1425 

Co-Chief Executive Officers

Brunswick:

   Nick Cosgrove                                                                        020 7404 5959 

Simone Selzer 020 7404 5959

Grant Thornton UK LLP (Nominated Adviser):

Philip Secrett 020 7728 2578

   Harrison J Clarke                                                                     020 7184 4384 

Notes to Editors

Andrew Holloway joined Numis in 2009 and has played a prominent role in the development of the Corporate Broking & Advisory department, most recently as a Managing Director and Head of the FIG sector. Prior to joining Numis, Andrew worked in corporate finance roles at Dresdner Kleinwort and Deloitte where he qualified as a Chartered Accountant.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 28, 2017 02:01 ET (06:01 GMT)