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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kier Group Plc | LSE:KIE | London | Ordinary Share | GB0004915632 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.60 | -2.05% | 124.40 | 124.20 | 124.40 | 126.00 | 123.00 | 126.00 | 1,297,730 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gen Contractor-oth Residentl | 3.41B | 41.1M | 0.0921 | 13.49 | 554.32M |
From Apr 2019 to Apr 2024
TIDMKIE
RNS Number : 6991N
Kier Group PLC
22 January 2019
22 January 2019
KIER GROUP PLC - BOARD CHANGE
Kier Group plc ("Kier" or "the Company") announces that its Chief Executive, Haydn Mursell, will stand down from the board of directors ("the Board") and leave the business with immediate effect.
The Board has asked the Chairman, Philip Cox, to act as Executive Chairman, working closely with the Finance Director (Bev Dew) and the Chief Operating Officer (Claudio Veritiero), to oversee the Group's operations during the transition period until a new Chief Executive has been appointed. The executive search for an external successor to Mr. Mursell commences immediately.
Philip Cox said:
"The Board believes that, following the completion of the recent rights issue, now is the right time for a new leader to take Kier forward to the next stage of its development. The Board would like to thank Haydn for his contribution during eight years on the Board, firstly as Finance Director and then as Chief Executive. On behalf of the Board, I would like to wish him every success in the future."
The Company is issuing a trading update today and will announce its results for the six months ended 31 December 2018 on 21 March 2019. The Board is confident that the Group will meet its expectations for the financial year ending 30 June 2019, with the full-year results being weighted towards the second half of the financial year, as usual.
This announcement contains inside information. The person responsible for making this announcement on behalf of the Company is Hugh Raven (General Counsel and Company Secretary).
This announcement is made in accordance with Listing Rule 9.6.11R.
- ENDS -
For further information, please contact:
Louise Turner-Smith, Head of Investor Relations +44 (0) 7976 790 012 Nick Hasell, FTI Consulting +44 (0) 203 727 1340 Kier press office +44 (0) 1767 355 903
Cautionary statement
This announcement does not constitute an offer of securities by Kier Group plc (the "Company"). Nothing in this announcement is intended to be, or intended to be construed as, a profit forecast or a guide as to the performance, financial or otherwise, of the Company or any of its subsidiaries whether in the current or any future financial year.
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
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(END) Dow Jones Newswires
January 22, 2019 02:00 ET (07:00 GMT)
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