Character Group PLC Board Change (8299Q)
15 September 2017 - 4:00PM
UK Regulatory
TIDMCCT
RNS Number : 8299Q
Character Group PLC
15 September 2017
Issued on behalf of The Character Group plc
LONDON: Friday 15 September 2017
The Character Group plc
("Group" or the "Company")
Designers, developers and international distributors of toys,
games and giftware
Board change
Following a formal meeting of the Board held yesterday (14
September 2017), the Directors of the Company have resolved that,
because of a loss of confidence in him by the senior executive
team, Mr. Mark Dowding's contract of employment with the Group has
been terminated and he ceased to be a Director of the Group and
Company Secretary, all with immediate effect. Consequently, from
today, Mr Kiran Shah, the Joint MD of the Group will assume the
responsibilities of Group Finance Director, a role he previously
held within the business until February 2016, and Company
Secretary.
This Board change does not reflect any circumstances relating to
the trading of the Group or its finances. The Company expects to
release a Trading update later this month, ahead of its Annual
results scheduled for publication in early December.
ENQUIRIES
The Character Group plc
Jon Diver, Joint Managing Director
Kiran Shah, Joint Managing Director and Group Finance
Director
Office: +44 (0) 208 329 3377
Mobile: +44 (0) 7831 802219 (JD)
Mobile: +44 (0) 7956 278522 (KS)
Email: info@charactergroup.plc.uk
FTSE sector: leisure: FTSE AIM All-share: symbol:
CCT.L: Market cap: GBP110m
Copies of this statement can be viewed at www.thecharacter.com.
Product ranges can be viewed at www.character-online.co.uk.
Panmure Gordon (Nominated Adviser and Joint Broker)
Andrew Godber, Investment Banking
Tom Salvesen, Corporate Broking
Tel: +44 (0) 20 7886 2500
Allenby Capital Limited (Joint Broker)
Nick Athanas
Katrina Perez
Tel: +44 (0) 20 3328 5656
TooleyStreet Communications Limited (Investor and
media relations)
Fiona Tooley
Tel: +44 (0) 7785 703523
Email: fiona@tooleystreet.com
Market Abuse Regulation (MAR)
The information contained within this announcement may contain
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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