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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Stobart Group Ld | LSE:STOB | London | Ordinary Share | GB00B03HDJ73 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 34.50 | 34.55 | 34.95 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTOB
RNS Number : 7124V
Stobart Group Limited
25 July 2018
25 July 2018
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
Appointment of Advisers
On 9 July 2018, the Board of Stobart Group announced its intention to appoint a leading independent search firm as part of a thorough and rigorous process to refresh and further strengthen the Board as well as retain an independent firm to investigate concerns raised about alleged bullying and whistleblowing.
In respect of the Board refresh, the Board is pleased to announce that it has appointed Russell Reynolds Associates, a leading independent search firm, to lead the process to identify suitably qualified and independent persons to be appointed as Non-Executive Chairman, as Senior Independent Director and one or more additional Non-Executive Directors. The Board is also continuing its search to find a suitable interim Chief Financial Officer.
As part of its brief, Russell Reynolds Associates will engage with significant shareholders and consider any candidates who may be recommended by them. The Board is aware that Allan Leighton, who had been suggested by one shareholder as a possible candidate for Chairman, has advised that he does not wish to be considered.
The Board has also announced the appointment of Alice Mayhew, a senior employment barrister at Devereux Chambers, to carry out an independent investigation into the concerns raised in recent weeks by certain employees regarding alleged bullying and whistleblowing. Ms Mayhew will be seeking to interview all members of the Executive Leadership Team, among others, as part of her investigation.
Enquiries:
Redleaf Communications +44 203 757 6880 Robin Tozer stobart@redleafpr.com Ian Silvera
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
APPUVUWRWOABURR
(END) Dow Jones Newswires
July 25, 2018 04:24 ET (08:24 GMT)
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