Cape plc Re-domiciliation and Director Changes (2012D)
05 July 2016 - 2:15AM
UK Regulatory
TIDMCIU
RNS Number : 2012D
Cape plc
04 July 2016
4 July 2016
Cape plc
("Cape" or the "Company")
Re-domiciliation and Director Changes
Cape Completes Re-domiciliation to the United Kingdom
Further to the passing by shareholders of Resolution 16 at this
year's AGM (as confirmed on the 11 May 2016), Cape announces that
it has completed its re-domiciliation of the Company's centre of
management to the United Kingdom from Singapore with effect from 4
July 2016.
Director resignation - Samantha Tough
Following the decision to re-domicile, the Company announces
that it has today agreed with Samantha Tough (who is based in
Western Australia) that she will step down as non-executive
director from the Board and will cease to be a director with effect
from 31 August 2016.
Tim Eggar, Cape's Chairman, commented: "We would like to thank
Samantha for her insight on the Asia Pacific market and valuable
contribution to the Company. I wish her well in her future
endeavours."
Board appointment - Mary Reilly
The Board is pleased to confirm the appointment of Mary Reilly
as a non-executive director of the Company with effect from 1
September 2016. Mary will also sit on the Board's Audit
Committee.
Mary Reilly brings with her a wealth of experience having worked
for over 30 years' in an international environment as a chartered
accountant with Deloitte LLP and non-executive director, chairing
board and audit and risk committees. Her experience spans a variety
of sectors including sport, luxury retail, manufacturing, business
services and media.
Mary is a non-executive director of FTSE-listed company Ferrexpo
plc, Travelzoo Inc. (which is listed on NASDAQ), Crown Agents
Limited and the Department of Transport, and is an Associate Member
of BUPA.
It is confirmed that there are no details to be disclosed
pursuant to LR 9.6.13 R (1) to (6) and Mary Reilly does not
currently hold any shares in the Company.
Committee composition
The Board also announces that Michael Merton is stepping down as
a member of the Remuneration Committee and that Brian Larcombe is
joining the committee in his place.
Enquiries:
Cape plc
Joe Oatley, Chief Executive +44 (0) 1895 459 979
Michael Speakman, Chief Financial Officer +44 (0) 1895 459 979
Ronan Tyrrell, Interim Head of Investor Relations +44 (0) 1895 459 979
Richard Allan, General Counsel and Company Secretary +44 (0) 1895 459 988
Buchanan
Bobby Morse, Ben Romney +44 (0) 207 466 5000
About Cape:
Cape (www.capeplc.com), which is premium listed on the main
market of the London Stock Exchange, is an international leader in
the provision of critical industrial services principally to the
energy and natural resources sectors. Our multi-disciplinary
service offering includes access systems, insulation, specialist
coatings, passive fire protection, refractory linings,
environmental services, oil and gas storage tanks and heat
exchanger replacement and refurbishment. Cape employs over 16,000
people working across 21 countries and in 2015 reported adjusted
revenue of GBP711.4 million.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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