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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Abrdn Property Income Trust Limited | LSE:API | London | Ordinary Share | GB0033875286 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 0.99% | 51.00 | 50.80 | 51.00 | 51.10 | 50.30 | 51.10 | 2,450,688 | 16:35:26 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 31.11M | -51.05M | -0.1339 | -3.79 | 193.66M |
From May 2019 to May 2024
TIDMAPI
RNS Number : 9762R
API Group PLC
18 September 2014
18 September 2014
API Group plc
("API" or the "Group")
Board Change
As notified in the Group's latest Annual Report & Accounts, the Nominations Committee of the Board has been conducting a review of the composition of the Board, with the aim of formulating a plan for succession. In concluding the review, it has been decided to embark upon a process of renewal; re-positioning the Board to steer the Group through the next stage in its development.
As the first stage in this process, Richard Wright, Non-executive Chairman, is stepping down from the Board with effect from 31 October 2014.
Mr Wright has served as a member of the Board since 2001 and is approaching a full term of 9 years as Chairman. During that time, he has overseen a transformation in the Group's fortunes, including the establishment of a consistent level of profitability, deleveraging of the balance sheet and the reinstatement of the dividend.
Andrew Turner, Group Chief Executive, has agreed to act as Chairman on an interim basis until a permanent appointment is made.
Mr Turner commented on the changes as follows: "API has benefited hugely from Richard's contribution and from the continuity of leadership which his tenure has afforded the management team. After a distinguished period of service, Richard's willingness to step aside to facilitate the overhaul of the Board is emblematic of his commitment to shareholder interests and the future success of the Group."
- Ends -
For further information:
Hot Features
Premium
API Group plc
Andrew Turner, Group Chief Executive Tel: +44 (0) 1625
650 334
Chris Smith, Group Finance Director www.apigroup.com
Numis Securities (Broker)
James Serjeant Tel: +44 (0) 20 7260
1000
www.numis.com
Cairn Financial Advisers (Nominated Adviser)
Tony Rawlinson / Avi Robinson Tel: +44 (0) 20 7148
7900
www.cairnfin.com
Media enquiries:
Abchurch
Henry Harrison-Topham / Quincy Allan Tel: +44 (0) 20 7398
7710
quincy.allan@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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