Cenkos Securities PLC AGM Statement (0301Z)
15 May 2019 - 4:00PM
UK Regulatory
TIDMCNKS
RNS Number : 0301Z
Cenkos Securities PLC
15 May 2019
15 May 2019
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Cenkos Securities plc
("Cenkos" or the "Company")
AGM Statement
Cenkos is holding its annual general meeting (the "AGM") at 9.30
a.m. at 6.7.8 Tokenhouse Yard, London, EC2R 7AS. At the AGM, the
Chairman of the meeting will make the following statement in
relation to the current year:
"Since the announcement of our 2018 financial results, issued on
26 March 2019, the industry has continued to be impacted by
political and market uncertainty which has been detrimental to
investors' sentiment. As a consequence, the Company's revenues in
the first four months have been less than that in the same period
last year. Currently, we are working on several transactions and
our potential pipeline gives us optimism for the rest of the
year.
As previously announced Anthony Hotson, the Company's current
Chief Executive Officer, was to stand down from the Board upon his
successor receiving regulatory approval from the FCA. Given the
then expected timing of such approval, Anthony did not seek
re-election to the Board at this year's AGM and therefore his
tenure as Executive Director and to the position of Chief Executive
Officer will cease at the conclusion of the AGM. Regulatory
approval has, however, not yet been received for his successor, Jim
Durkin, and the regulatory approval process remains ongoing.
Accordingly, the Board intends to re-appoint Anthony Hotson as an
Executive Director and to the position of Chief Executive Officer
shortly after the AGM on the basis that Anthony will step down from
this position once his successor is approved.
On 11 March 2019, the Board announced the appointment of Jeremy
Miller as an additional Non-Executive Director subject to receiving
regulatory approval from the FCA, this approval process is also
continuing."
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
AGMAIMFTMBIBBML
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