Directorate Change

 

TIDMRDP 
 
RNS Number : 5922R 
Radicle Projects Plc 
25 August 2010 
 
25 August 2010 
                              Radicle Projects plc 
                          ("Radicle" or the "Company") 
 
                      Resignation of Non Executive Director 
 
Radicle Projects, the AIM quoted UK company which owns and operates Australian 
agribusiness assets, announces that Mr Andrew Monk has resigned from the Board 
of Radicle as Non Executive Director with immediate effect. 
 
The Company announced on 28 June 2010 that the holders of the GBP15.1 million 
Series A Convertible Loan Note ("Loan Note") has been approached with proposals 
to convert their Loan Notes into ordinary shares in the Company, and that the 
Company is considering the purchase of certain other Australian operating 
agricultural businesses.  These discussions are continuing, but there can be no 
certainty as to the outcome of these discussions.  A further announcement is 
expected shortly. 
 
John McLennan remains the Executive Director of the Company and continues to 
have responsibility for the day to day management of Radicle's business and its 
operations. 
 
 
Enquires: 
 
+-------------------------------------------+----------------+ 
| Radicle Projects PLC                      |                | 
+-------------------------------------------+----------------+ 
| John McLennan                             | [phone]  | 
|                                           | 6711           | 
+-------------------------------------------+----------------+ 
|                                           |                | 
+-------------------------------------------+----------------+ 
| Charles Stanley Securities                |                | 
+-------------------------------------------+----------------+ 
| Nominated Adviser                         |                | 
+-------------------------------------------+----------------+ 
| Russell Cook / Carl Holmes                | 020 7149 6000  | 
+-------------------------------------------+----------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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