Real Good Food PLC Directorate Changes (5315A)

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RNS Number : 5315A

Real Good Food PLC

30 May 2019

30 May 2019

Real Good Food plc

("RGF" or "the Company")

Directorate Changes

Real Good Food plc is pleased to announce the following changes to its Board composition, as a part of the continuing process of making improvements to its governance regime:

-- The Interim Non-Executive Chairman, Patrick Ridgwell, will retire from the Board, and Mike Holt, Independent Non-Executive director, will step up to the role of Non-Executive Chairman, relinquishing his role as Chair of the Audit Committee;

-- Judith MacKenzie, Non-Executive Director, will be appointed as Chair of the Audit Committee, relinquishing her role as Chair of the Remuneration Committee;

   --    Steve Dawson, Non-Executive Director, will become Chair of the Remuneration Committee; 
   --    Chris Thomas, Non-Executive Deputy Chairman will retire from the Board; and 

-- Anthony Ridgwell, the principal beneficiary of Napier Brown's holding in the Company, will join the Board as a Non-Executive Director.

All these changes will be effective immediately, save for Mr Thomas's retirement, which will take place not later than 31 July 2019.

The Board expresses its thanks to both the retiring directors who have served the Company for a combined period of over twenty-five years, and wishes them well in all their future endeavours. At the same time, the Board welcomes Anthony to the Board and looks forward to his contribution.

Hugh Cawley, Chief Executive, commented:

"Today's changes complete the reconstitution of RGF's Board which began two years ago. We now have in place an appropriate board structure with a better balance of executive, non-executive, and independent non-executive directors, in line with our commitment to improved corporate governance."

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:

Anthony Patrick Ridgwell, aged 47, holds or has held in the past 5 years the following directorships and partnerships:

 
 Current                         Past five years 
A De Schaap Limited              None 
Commodity Producers and Packers 
 Limited 
General Sugar Traders Limited 
NB. Chilled Limited 
NB. Food Technology Limited 
NB. Fruit Limited 
NB. Ingredients Limited 
S.K.L. Sugar Ltd 
Napier Brown Holdings Limited 
Stapehill Enterprises Limited 
NameCo (No. 1002) Limited 
M Capital Investments Partners 
 Limited 
 

Mr. Ridgwell, through NB. Ingredients Limited (a company of which he is a director and significant shareholder), has an indirect interest in 22,502,354 ordinary shares of GBP0.02 in the capital of the Company representing 22.7% of the total voting rights

Save as disclosed above, no further information is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

-ENDS-

Enquiries:

 
Real Good Food plc                                     Tel: [phone] 
 Hugh Cawley, Chief Executive 
 
 
finnCap Limited (Nomad and Broker)                     Tel: [phone] 
 Matt Goode / Carl Holmes / James Thompson (Corporate 
 Finance) 
 
 
MHP Communications (Financial PR)                      Tel: [phone] 
 Reg Hoare / Katie Hunt                                      [e-mail] 
 
About Real Good Food 
 Real Good Food plc is a diversified food business serving a number 
 of market sectors including retail, manufacturing, wholesale and 
 export. The Company now focuses on two markets: Cake Decoration 
 (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter 
 Foods). 
 

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.

END

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May 30, 2019 02:30 ET (06:30 GMT)