Malvern International PLC Directorate Change (4135O)

TIDMMLVN

RNS Number : 4135O

Malvern International PLC

02 October 2019

2 October 2019

MALVERN INTERNATIONAL PLC

("Malvern" or the "Group" or the "Company")

Board changes

Malvern International plc (AIM: MLVN), the global learning and skills development partner, announces the following Board changes:

After many years of service to the Company and financial support via KSP Investments, Gopinath Pillai is to step aside as Non-Executive Chairman and is resigning as a Director with immediate effect. KSP Investments, where Mr Pillai is a Director, remains a significant shareholder and will continue to have representation on the Board of Malvern via Haider Sithawalla who continue his role as a Non-Executive Director.

On 1 July 2019 Mark Elliott was appointed as an independent Non-Executive Director of the Company. Mr Elliott is already making a significant contribution to the Company and the Board is delighted to announce his appointment as Non-Executive Chairman following the departure of Mr Pillai.

The Company is also pleased to announce the appointment of Alan Carroll as an independent Non-Executive Director of the Company with immediate effect.

Mr Carroll has over 25 years' experience in the information systems industry, including working in a senior capacity in the development of the Ministry of Defence's Information System Strategy and as a senior sales manager and advisor to a number of major software and systems integration companies. In addition, he is the senior independent Non-Executive Director at Ideagen plc, a fast growing UK based international software company. He has been a Board member since Ideagen listed on AIM in July 2012 and has chaired the audit and remuneration committees throughout this time. Mr Carroll was voted Non-Executive Director of the year in the May 2019 Money Week Mello awards.

Commenting on the Board changes, Mark Elliott said: "On behalf of the Board, I would like to thank Gopinath Pillai for his substantial contribution to Malvern since it joined AIM in 2004. His advice as Chairman, and financial support in the last few difficult years has been invaluable. We are very pleased that the investment vehicle that he founded, KSP Investments, remains a supportive shareholder.

"I would also like to welcome Alan Carroll who brings with him a wealth of experience and a strong focus on corporate governance. He joins Malvern at a time when the strategy implemented in the last few years is starting to yield results, not least with the highest forward bookings in the Company's history."

The following details in relation to the appointment of Alan Carroll (aged 68) are disclosed in accordance with Schedule 2(g) of the AIM Rules:

 
 Current directorships:        Past directorships held within 
                                the last five years: 
 Ideagen plc                   Ultris Information Assurance 
                                Ltd 
                              ------------------------------- 
 Ultris Information Services   Ultris Software Ltd 
  Ltd 
                              ------------------------------- 
 Ultris Ltd                    Protech Ltd 
                              ------------------------------- 
 Docmanager Ltd 
                              ------------------------------- 
 

Mr Carroll and Mrs Carroll hold 700,000 and 50,000 ordinary shares respectively in the Company, representing in aggregate approximately 0.29% of the Company's issued ordinary share capital.

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

 
 For further information please 
  contact: 
 Malvern International Plc                  www.malverninternational.com 
 Dr Sam Malafeh - Chief Executive           Via Communications Portfolio 
  Officer 
 
 WH Ireland (NOMAD & Broker)                         www.whirelandcb.com 
 Mike Coe / Chris Savidge                               [phone] 
 
 Media enquiries 
 Communications Portfolio          [e-mail] 
 Ariane Comstive                                        [phone] 
 
 

Notes to Editors:

Malvern International is a global learning and skills development partner preparing students and learners to meet the demands of a professional life. Courses are delivered on sites in London, Manchester, Singapore, and Malaysia, with the option of studying across multiple campuses over the duration of the same course, and online through the Malvern Online Academy.

Courses include:

   --    Certificate, Diploma and pre-University programs; 
   --    University degree and post-graduate programs; 
   --    Courses for professional examinations e.g. ACCA; 
   --    Tuition services for secondary school students and English language teaching. 

Established in the 1980s and admitted to AIM in 2004, Malvern employs approximately 250 people and delivers a wide range of courses. Malvern's growth strategy is driven by organic growth initiatives complemented by strategic acquisitions.

For further investor information go to www.malverninternational.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 [e-mail] or visit www.rns.com.

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October 02, 2019 02:00 ET (06:00 GMT)