Starcrest Education Limited Directorate Change (5554P)

TIDMOBOR

RNS Number : 5554P

Starcrest Education Limited

21 June 2022

21 June 2022

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse (amendment) (EU Exit) Regulations 2019/310. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Starcrest Education Limited

("Starcrest" or the "Company" or the "Group")

Directorate Change

Starcrest Education Limited (LSE: OBOR), the international developer and operator of education services in Europe, advises that it has received and accepted a letter of resignation from its Non- Executive Chairman, John McLean, effective 20 June 2022. In light of this, Jasbeer Singh and David Lim, Non-Executive Directors, have been appointed as the interim Co-Chairman of the Company. Starcrest will seek to recruit a replacement Chairman in due course.

Starcrest continues to advance the respective workstreams in respect of the Proposed Acquisition, as originally announced on 23 March 2022. In this regard, Starcrest is pleased to announce that it is currently in the process of engaging with and appointment of advisers for the acquisition exercise.

A further announcement will be made as and when appropriate.

Commenting today, Executive Director, Jeff Zhang said:

"The Board would like to thank John for his invaluable contribution to the Company since joining as Non-Executive Chairman in January 2019. We wish him all the best in his future endeavours."

- Ends -

Enquiries:

 
 Starcrest Education 
  Jeff Zhang, Executive Director      [phone] 
 Yellow Jersey PR (Financial PR) 
  Sarah Hollins 
  Henry Wilkinson                     [phone] 
 
 

Notes to editors:

Starcrest is an international developer and operator of education services in Europe. The Company was established to seek acquisition opportunities in the international education sector and to provide premier education services and products in the UK and to countries in Europe.

Starcrest listed on the Main Market of the London Stock Exchange on 31 January 2019 under the ticker symbol (LSE: OBOR). Further information can be found on the Company's website at https://www.starcresteducation.com .

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.

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

BOAKZGZVGGNGZZZ

(END) Dow Jones Newswires

June 21, 2022 02:00 ET (06:00 GMT)