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ORCH Orchard Funding Group Plc

29.00
-1.00 (-3.33%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Orchard Funding Group Plc LSE:ORCH London Ordinary Share GB00BYZFM569 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -3.33% 29.00 28.00 30.00 29.00 29.00 29.00 0.00 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 7.86M 1.71M 0.0802 3.74 6.41M

Orchard Funding Group PLC Directorate Change (5175U)

31/07/2020 7:00am

UK Regulatory


Orchard Funding (LSE:ORCH)
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TIDMORCH

RNS Number : 5175U

Orchard Funding Group PLC

31 July 2020

31st July 2020

Orchard Funding Group Plc

("Orchard" or the "Company")

Directorate Change

Orchard Funding Group PLC, the finance company which specialises in insurance premium finance and the professions funding market, announces that Steven Hicks, current Independent Non-Executive Director, has been appointed new Independent Chairman effective from the 7 October 2020, the date Mark Sismey-Durrant, the current Independent Chairman, will leave the Board. Steven will continue as a member of the Audit Committee and the Nominations Committee and will be appointed Chairman of the Remuneration Committee from the 7 October 2020.

Ravi Takhar, CEO stated: "We are delighted to appoint Steven Hicks as our new Chairman. Steven has been working with us as an independent non-executive director since December 2019 and therefore has an in-depth knowledge of our business. Steven also has many years of banking experience and is currently Chair of Board Risk Committee at State Bank of India (UK) Limited. We would also like to thank Mark Sismey-Durrant for his work and support to our business. We wish him the very best for the future."

For further information, please contact:

   Orchard Funding Group PLC                                                     +44 (0)1582 346 248 

Ravi Takhar, Chief Executive Officer

   Liberum (Nomad and Broker)                                                  +44 (0)20 3100 2222 

Neil Patel

Richard Bootle

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

BOADZGZNDLKGGZM

(END) Dow Jones Newswires

July 31, 2020 02:00 ET (06:00 GMT)

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