Portmeirion Group PLC Directorate and Company Secretary Changes (2781W)

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RNS Number : 2781W

Portmeirion Group PLC

08 February 2017

8 February 2017

Portmeirion Group PLC ('the Company' or 'Portmeirion')

Directorate and Company Secretary Changes

Portmeirion, the manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Royal Worcester and Wax Lyrical brands announces the following changes:

Brett Phillips, Group Finance Director, will retire from the Board during 2017. Brett has been Group Finance Director at Portmeirion since flotation in 1988 and will celebrate his 60th birthday in 2017.

Commenting on this announcement, Brett said, "It has been a privilege to be associated with the success of Portmeirion for nearly thirty years. I will continue to work with the Company to ensure a smooth handover."

Endorsing Brett's comments, Dick Steele, Non-Executive Chairman said, "Brett has been a key member of our team for a long time and his contribution has been huge. We are recruiting for a successor and will make an announcement in due course. We intend to maintain a strong link with Brett after his retirement from executive duties as we have asked him to remain as Non Executive Chairman of our associate company, Furlong Mills Limited."

With effect from 1 March 2017, Michael Knapper will be appointed to the Board as Operations Director. Michael (Mick) has held several roles in IT and logistics since joining Portmeirion in 1998. He has been responsible for the Group's IT and logistics in the UK since 2009 and a member of the Board of the Company's subsidiary, Portmeirion Group UK Limited, since 2011.

In addition, with effect from 1 March 2017, Moira MacDonald will be appointed as Company Secretary of the Company. Moira will be replacing Brett Phillips as Company Secretary. Moira has held the position of Deputy Group Secretary since joining Portmeirion in 2007. She was previously Assistant Company Secretary at Legal & General Group plc and at BPB plc.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014 (MAR).

Enquiries:

 
 Portmeirion Group 
  PLC: 
 Dick Steele               [phone]   [e-mail] 
 Non-executive Chairman 
 Brett Phillips            [phone]   [e-mail] 
 Group Finance Director 
 
 Bell Pottinger: 
 Dan de Belder/Saskia      [phone]       [e-mail] 
  Lumley                    2500 
 
                           [phone] 
 Panmure Gordon             2500 
 (Nominated Adviser 
  and Broker): 
 Freddy Crossley /                               Corporate Finance 
  Duncan Monteith 
 Tom Salvesen                                    Corporate Broking 
 
 Cantor Fitzgerald         [phone] 
  Europe                    7000 
 (Joint Broker): 
 Catherine Leftley                               Corporate Finance 
  / Marc Milmo 
 David Banks                                     Sales 
 

Regulatory disclosures

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies. Michael John Knapper, aged 48, has been a director of the following companies during the five years preceding the date of this announcement:

 
 Current directorships             Past directorships 
--------------------------------  -------------------- 
 Portmeirion Group UK Limited      Portmeirion Finance 
  Portmeirion Services Limited      Limited 
  Portmeirion Distribution 
  Limited 
  Portmeirion Enterprises 
  Limited 
  Portmeirion Group Hong Kong 
  Limited 
  Portmeirion (Shenzhen) Trading 
  Company Limited 
--------------------------------  -------------------- 
 

Mr. Knapper has a beneficial interest in nil ordinary shares representing nil per cent. of the ordinary share capital of the Company.

Save as set out above there are no further disclosures pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 08, 2017 02:00 ET (07:00 GMT)