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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dialight Plc | LSE:DIA | London | Ordinary Share | GB0033057794 | ORD 1.89P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 160.50 | 152.00 | 169.00 | 10,144 | 08:00:28 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Semiconductor,related Device | 169.7M | 400k | 0.0121 | 132.64 | 53.27M |
TIDMDIA
RNS Number : 8214H
Dialight PLC
05 August 2019
This announcement contains inside information for the purposes of article 7 of EU Regulation 596/2014
Dialight plc
("Dialight" or "the Group")
Appointment of new Chairman
Dialight plc (LSE: DIA.L), the global leader in LED lighting for heavy industrial applications, today announces a change in Chairman.
Wayne Edmunds has indicated to the Board that now is an appropriate time for him to step down as Chairman of the Board. The Board has accepted his decision and wishes to place on record its thanks for his contribution to Dialight.
The Board has asked David Blood, non-executive director, to take on the position of Chairman of the Board and he has accepted with immediate effect. The Board believes that David is well placed to do so given his knowledge of Dialight, its operations and people. David is co-founder and Senior Partner of Generation Investment Management, a 20.1% shareholder in Dialight, and is therefore not considered "independent" under the UK Corporate Governance Code. However, the Board continues to consider David independent in character and judgement.
David Blood commented: "The Board's focus remains on supporting management to further improve the Group's operational performance, ensure successful new product launches and rebuild customer relationships. Dialight has significant potential that should be realised for the benefit of customers, employees, shareholders and other stakeholders."
Wayne Edmunds commented: "The Company has experienced a challenging few years. However, it is now well positioned for the future, and I feel it is an appropriate time to step down from the Board. I wish Dialight well and look forward to it achieving its potential."
Contacts:
Dialight Plc
Tel: +44 (0)203 058 3542
Marty Rapp - Group Chief Executive up to 9 August 2019
Tel: +44 (0)203 058 3542
Fariyal Khanbabi - Group Finance Director, Interim CEO from 9 August 2019
MHP Communications
Tel: +44 (0)20 3128 8570
Tim Rowntree, Guy Featherstone, Pete Lambie
About Dialight:
Dialight (LSE: DIA.L) is a global leader in sustainable LED lighting for industrial applications. Dialight's LED products are providing the next generation of lighting solutions that deliver reduced energy consumption and create a safer working environment. Our products are specifically designed to provide superior operational performance, reliability and durability, reducing energy consumption and ongoing maintenance and achieving a rapid return on investment.
The company is headquartered in the UK with operations in the USA, UK, Denmark, Germany, Malaysia, Singapore, Australia, Mexico, Dubai and Brazil. www.dialight.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
BOAEANPLEAPNEFF
(END) Dow Jones Newswires
August 05, 2019 02:01 ET (06:01 GMT)
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