We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mccoll's Retail Group Plc | LSE:MCLS | London | Ordinary Share | GB00BJ3VW957 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMCLS
RNS Number : 8331F
McColl's Retail Group plc
24 March 2022
24 March 2022
McColl's Retail Group plc
Directorate change
McColl's Retail Group plc ("McColl's" or the "Group") today announces that Jonathan Miller has stepped down from his role as Chief Executive and from the Board.
The search to appoint a new CEO is in progress and the Board is confident of concluding that search successfully in the near future.
Pending the appointment of a new CEO, Angus Porter, currently Non-Executive Chairman of the Group, has assumed the role of Executive Chairman on a temporary basis. Karen Bird, Chief Operating Officer, has become Interim Chief Executive of the Group to manage day-to-day executive responsibilities. Giles David, Chief Financial Officer, will also assume additional responsibilities.
The Group remains in ongoing dialogue with its lenders towards a longer-term agreement in relation to the balance of its existing facility and continues to believe that a financing solution will be found that involves its existing partners and stakeholders. As previously announced, a further update will be made as and when these discussions conclude.
Angus Porter, Executive Chairman, said: "On behalf of the Board, I want to take this opportunity to thank Jonathan for the immense contribution he has made to McColl's and to pay tribute to his commitment in leading the business over the course of more than 30 years. We wish him all the very best in the future.
"As we discuss with our stakeholders the transformation of our business to a grocery-led convenience offer, Jonathan and the Board have agreed that now is the right time to bring in a new Chief Executive to lead the business into a new phase. In the meantime, we have a strong management team in place to take the business forward, and we are confident in our strategy to capitalise on the opportunity in the convenience sector in the years ahead."
Jonathan Miller said: "It has been an enormous privilege to work for McColl's for the last 30 years, most recently leading the business and transforming our offer in partnership with Morrisons. I have worked alongside so many talented and hardworking people and I am enormously grateful for the support I have had from the many thousands of colleagues in the business over many years.
"I remain a significant shareholder, and I leave confident that, with its clearly defined, convenience-led strategy and strong partnership with Morrisons, McColl's will continue to play a vital role at the heart of local communities across the UK."
This announcement is issued in accordance with Listing Rule 9.6.11.
Enquiries
Analyst & Investors: Tej Randhawa, McColl's +44 (0)1277 372916 Media: Ed Young, Headland +44 (0)203 805 4822 Rob Walker, Headland mccolls@headlandconsultancy.com Charlie Twigg, Headland
Notes
Leaving arrangements
Details of Jonathan's remuneration arrangements in respect of his departure will be published as soon as practicable.
About McColl's Retail Group
McColl's is a leading neighbourhood retailer, with an estate of over 1,100 managed convenience stores and newsagents. We operate McColl's and Morrisons Daily branded convenience stores as well as newsagents branded Martin's across the UK, except in Scotland where we operate under our heritage brand, RS McColl.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse
Regulation (EU) No 596/2014.
LEI: 213800R1TLR536P8YJ67
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
BOAFZGZFMFZGZZZ
(END) Dow Jones Newswires
March 24, 2022 03:01 ET (07:01 GMT)
1 Year Mccoll's Retail Chart |
1 Month Mccoll's Retail Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions