Redde Plc Directorate Change

 
TIDMREDD 
 
* News Release * 
 
                                   Redde plc 
 
                             ("Redde" or "Group") 
 
Issue Date: 1 May 2019 
 
                              Directorate change 
 
Redde announces that the board was informed today that Avril Palmer-Baunack has 
given three months' notice of her intention to leave the board as its 
non-executive chairman. This is for reasons based around Avril's existing time 
commitments. Redde will therefore start an immediate search for a successor. 
 
Avril said, "Given the increasing demands on my time I have reluctantly come to 
the conclusion that it is in Redde's best interests that I resign as its 
Chairman. Redde is a great business, I have truly enjoyed my time on the board 
and I wish the board and the business all the best for the future." 
 
Martin Ward said, "Avril was very instrumental in reshaping the Group's 
business and has been a very supportive Chairman over the last 8 years. I 
admire her determination at getting things done and have valued the time we 
have shared together. I am sure this decision was made with a heavy heart and I 
and the board wish Avril all the best with her future plans. I am also 
confident that, given recent trading performance, the Group remains on track to 
meet current market expecations for this financial year. 
 
The information contained within the announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via 
Regulatory Information Service ("RIS"), this inside information is now 
considered to be in the public domain. 
 
For further information, contact: 
 
 
 
Redde plc                                         Tel: [phone] 
 
Martin Ward, Chief Executive Officer 
 
Stephen Oakley, Chief Financial 
Officer 
 
Cenkos Securities plc (Nominated Adviser and      Tel: [phone] 
Joint Broker) 
 
Giles Balleny 
Mark Connelly 
Harry Hargreaves 
 
N+1 Singer Capital Markets Limited (Joint Broker) Tel: [phone] 
 
Mark Taylor 
 
Square1 Consulting                                Tel: [phone] 
 
David Bick 
 
Notes for editors 
 
About Redde plc: 
 
Founded in 1992 and working predominantly with insurance companies, insurance 
brokers and prestige motor dealerships, the Group provides a range of accident 
management and legal services. The Group also deals directly with large 
national fleets providing incident management and mobility continuity and the 
Group's activities also encompass a range of legal services designed to assist 
claimant parties in partnership with leading insurance companies, brokers and 
other bodies. 
 
The Group is one of the market leaders in its fields of business; it delivers 
accident management solutions to motorists ensuring that they remain mobile 
until their own vehicles are repaired or until they are put in a position to 
obtain a replacement and it provides legal services ensuring that they are 
properly compensated for their injuries and losses. Legal services also include 
wills and probate, family law and employment law advice. 
 
The name Redde is associated, in Latin, with the concept of restoration. 
 
 
 
END 
 

(END) Dow Jones Newswires

May 03, 2019 08:28 ET (12:28 GMT)