Share Name Share Symbol Market Type Share ISIN Share Description
Stobart Group 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
  +4.50p +1.76% 259.50p 259.50p 260.50p 259.50p 258.00p 258.50p 9,466 08:35:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 242.0 100.6 28.7 9.1 919.48

Stobart Group Limited Board Change

14/06/2018 2:07pm

UK Regulatory (RNS & others)


Stobart (LSE:STOB)
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RNS Number : 4442R

Stobart Group Limited

14 June 2018

14 June 2018

STOBART GROUP LIMITED

('Stobart Group' or 'the Company')

Board change

The Company announces that, following the receipt of comprehensive legal advice, it has today served notice on Andrew Tinkler, summarily terminating his employment with the Stobart Group. Mr Tinkler will cease to be a director with effect from today's date.

The Company will also be issuing legal proceedings imminently against Mr Tinkler for, amongst other things, breach of contract and breach of fiduciary duty.

The Company will be writing to shareholders shortly to provide them with further information on the situation, including its concerns that Mr Tinkler and his associates are attempting to secure control of the Company.

Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's actions, particularly in recent days, have threatened to destabilise the Company and severely impacted my ability and that of my team to manage the business on a day to day basis and deliver the agreed strategy. This is against the interests of all of our shareholders."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

ENDS

Enquiries:

Redleaf Communications

Robin Tozer

Charles Ansdell

+44 203 757 6880

Stobart@redleafpr.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 rns@lseg.com or visit www.rns.com.

END

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June 14, 2018 09:07 ET (13:07 GMT)

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