Trifast PLC Directorate Change (2629J)

TIDMTRI

RNS Number : 2629J

Trifast PLC

29 March 2018

Trifast plc

('Trifast', the 'Group' 'TR')

"HOLDING THE WORLD TOGETHER"

Leading international specialists in the engineering, manufacturing and distribution

of high quality, industrial fastenings to major global assembly industries

DIRECTORATE CHANGE

LONDON: THURSDAY 29 MARCH 2018: Trifast announces that with effect from 31 March 2018 Geoffrey Budd, Commercial Director and European Managing Director will step down from the Main Board. Geoff joined the Board when Trifast listed on the London Stock Exchange in 1994. Prior to that Geoff had been a member of the TR Fastenings Board since 1986. Overall he has served the business for 42 years. On behalf of colleagues and investors the Board would like to thank Geoff for the huge contribution and guidance he has provided to the business throughout his tenure.

Although Geoff has decided to relinquish his Board duties he will remain working with the operational team at TR Fastenings with responsibilities for the commercial and technical aspects of the business in the UK, Europe and Asia.

Malcolm Diamond, Chairman said:

"I would personally like to thank Geoff for his wise counsel and camaraderie over the years through both challenging and exciting times; together we have seen both the business and its people flourish. As a Company we are also delighted that Geoff has chosen to remain in an operational mentoring capacity with us; he has extensive knowledge of the industry which is invaluable to pass down to the next generation of leaders within the business. "

Mark Belton, CEO added:

"Geoff has been a big part of the TR family since the early days and over my 19 years I have had the privilege of working closely with him, learning about the industry for which I thank him. From an operational stance he will remain part of the business, allowing us to retain his greatly respected experience and vast knowledge of our industry as well as his ability to get straight to the point."

The Group expects to provide a trading update in mid-April ahead of the results for the year ending 31 March 2018 which are scheduled to be released on Tuesday, 12 June 2018.

 
 Enquiries please contact: 
 
  Trifast plc 
  Malcolm Diamond MBE, Non-Executive Chairman 
  Mark Belton, Chief Executive Officer 
  Tel: [phone] 
  Email: [e-mail] 
 
 
 Peel Hunt LLP (Stockbroker & financial adviser) 
  Justin Jones 
  Mike Bell 
  Tel: [phone] 
 TooleyStreet Communications (IR & media relations) 
  Fiona Tooley 
  Tel : [phone] 
  Email : [e-mail] 
 
 
 EDITOR'S NOTE 
 TRIFAST PLC LSE Premium Listing: Ticker: TRI 
  LEI REFERENCE: 213800WFIVE6RWK3CR22 
 About us: 
  Trifast is a leading international specialist 
  in the engineering, manufacturing and distribution 
  of high quality industrial fastenings to major 
  global assembly industries. We are a 24/7 'full 
  service provider' offering 'end-to-end' support 
  to all our customers. Our success and ongoing 
  growth is based on a unique mix of high quality 
  manufacturing, sourcing know-how and adaptable, 
  reliable global logistics. Key sectors are automotive, 
  domestic appliances, electronics and distributors. 
  The Group employs c.1,200 staff across 30 global 
  locations across the UK, Europe, Asia and the 
  USA. 
  For more information, please visit 
   Group website: www.trifast.com 
   Twitter: http://twitter.com/trfastenings 
   Facebook: http://www.facebook.com/trfastenings 
   LinkedIn: http://www.linkedin.com/company/tr-fastenings 
   Pinterest: http://www.pinterest.com/trfastenings/ 
   YouTube: http://www.youtube.com/channel/UC7CDCQpYcDRzlH75RTfXC7g 
   Google+: http://plus.google.com/u/0/b/115387649852001283090/+trfastenings/posts/p/pub 
 Registered trademarks are shown in italic 
 
 
                     The information contained within this announcement 
                       is deemed by the Company to constitute inside 
                       information stipulated under the Market Abuse 
                     Regulation (EU) No. 596/2014. Upon the publication 
                    of this announcement via the Regulatory Information 
                     Service, this inside information is now considered 
                                to be in the public domain. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 29, 2018 02:02 ET (06:02 GMT)