Cenkos Securities PLC Board Changes (2648G)
05 November 2018 - 6:00PM
UK Regulatory
TIDMCNKS
RNS Number : 2648G
Cenkos Securities PLC
05 November 2018
5 November 2018
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Cenkos Securities plc
("Cenkos" or the "Company")
Board Changes
The Board is pleased to announce that, subject to FCA approval,
Jim Durkin is to be appointed as an Executive Director and to the
position of Chief Executive Officer once regulatory approval has
been received. In the interim period Anthony Hotson remains as the
Company's Chief Executive Officer.
Jim, a founding shareholder of the Company, was formerly Cenkos'
Chief Executive Officer in the period December 2011 to July 2017.
Jim resigned as Chief Executive Officer in July 2017. Jim Durkin
has over 30 years' experience in the UK securities industry. During
his career he has had substantial experience originating and
executing corporate finance transactions across a range of
industries including insurance, property, financials and
utilities.
The Board today also announces that Gerry Aherne, the Chairman
of the Company has informed the Board that he will step down and
retire from the Company with immediate effect.
The Board would like to thank Gerry for his commitment and
contribution to the Company as Chairman over the past six years and
wish him well in the future.
The Board will commence the search for a new Chairman. Jeff
Hewitt a Non-executive Director has been appointed as the acting
Chairman in the interim period.
Jeff Hewitt the acting Chairman commented that:
"We welcome Jim back to the Company and have every confidence in
Jim in leading the Company going forward. Jim is well placed to
undertake the role having previously been on the Board and has been
actively involved in the successful management of the Company."
AIM Rules disclosure under Schedule 2(g) of the AIM Rules
James John Durkin (known as Jim Durkin) holds 4,985,831 ordinary
shares of 1p each in the Company representing 9.01% of the issued
share capital of the Company.
In addition to his appointment to the Board, James John Durkin,
aged 58, holds or has held the following directorships or
partnerships in the past five years:
Current directorships:
JDPL Limited
Previous directorships:
Cenkos Securities plc
Cenkos Nominee UK Limited resigned
Cenkos Fund Management Limited
JDPL 2 Limited
There is no further information that is required to be disclosed
with regards to the appointment of Jim Durkin pursuant to Schedule
2 paragraph (g) of the AIM Rules.
For further information, please contact:
Cenkos Securities plc Tel: 0207 397 8900
Jeff Hewitt, Acting Non- Executive
Chairman
SPARK Advisory Partners Limited Tel: 0203 368 3552
Matt Davis, Nominated Adviser
Whitman Howard Limited Tel: 0207 659 1224
Nick Lovering, Broker
Buchanan Communications Tel: 0207 466 5066
David Rydell, PR Adviser
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contact rns@lseg.com or visit www.rns.com.
END
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