Kin Group PLC Board changes effective (5166W)
15 November 2017 - 7:01PM
UK Regulatory
TIDMKIN
RNS Number : 5166W
Kin Group PLC
15 November 2017
RNS ANNOUNCEMENT: The information communicated in this
announcement contains inside information for the purposes of
Article 7 of Regulation 596/2014.
Embargoed: 08.01a.m. 15 November 2017
Kin Group Plc ("the Company")
Board changes effective
Kin Group Plc announces that, as was set out in paragraph 10 of
the Circular to shareholders dated 5 October 2017 and the RNS
announcement dated 3 October 2017, with effect from Admission,
which occurred at 8am this morning, Anna Gudmundson, Richard
Goodlad, Heidi Steiger and Mark Ollila have resigned from the
Board.
Donald Stewart remains on the Board as Chairman. John Taylor and
Lindsay Mair, who were appointed additional Directors, subject to
Admission, by shareholders at the General Meeting on 24 October
2017 have both now joined the Company's Board as Non-Executive
Directors.
Accordingly the Board now comprises Donald Stewart (Chairman),
John Taylor and Lindsay Mair.
Information on John Taylor and Lindsay Mair was given in
paragraph 10 of the Circular to shareholders dated 5 October 2017
and the RNS announcement dated 3 October 2017. There is no further
information on either of them which is required to be disclosed
under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for
Companies.
John Taylor subscribed for 60,000 shares in the Placing at a
price of 5p per New Ordinary Share. As a result, John Taylor is now
interested in 60,000 New Ordinary Shares, representing 0.24% of the
enlarged share capital of the Company. In addition, John Taylor
owns 15,000 Placing Warrants.
Lindsay Mair subscribed for 250,000 shares in the Placing at a
price of 5p per New Ordinary Share. As a result, Lindsay Mair is
now interested in 250,000 New Ordinary Shares, representing 1 % of
the enlarged share capital of the Company. In addition, Lindsay
Mair owns 62,500 Placing Warrants.
Note: Definitions in this announcement will, unless otherwise
stated, have the same meaning as in the circulars to shareholders
dated 5 and 27 October 2017.
END
For further information please contact:
Donald Stewart
(Chairman) Kin Group Plc 07786 575372
SPARK Advisory
Mark Brady/Neil Partners Limited
Baldwin (nominated adviser) 020 3368 3551
Eran Zucker/Fungai Peterhouse Corporate
Ndoro Finance Limited 020 7469 0930
Or visit our website: www.kingroupplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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