Bilby PLC Directorate Change (2133V)
05 April 2019 - 5:01PM
UK Regulatory
TIDMBILB
RNS Number : 2133V
Bilby PLC
05 April 2019
5 April 2019
Bilby plc
("Bilby" or the "Company")
Directorate Change
Bilby Plc (AIM:BILB), a leading gas heating, electrical and
building services provider is pleased to announce the appointment
of David Bullen as Chief Executive Officer ("CEO") who will join
the Company on 15 April 2019. Simultaneously David Ellingham, the
current CEO of Bilby, is stepping down to pursue other career
opportunities.
David Bullen joins Bilby from Boleyn International Ltd, a
strategic management consultancy he founded in 2016. Mr Bullen
brings an impressive track record of creating substantial
shareholder value as CEO at Anpario plc. David joined Anpario in
2007, moving on to become COO in 2009. He was the CEO between 2011
and 2016 where he oversaw growth in revenue and profits, delivering
a four-fold increase in the share price. Prior to Anpario, David
spent eight years at Novartis, where he held several senior
positions both in the UK and abroad.
Bilby also announces as part of its ongoing efforts to meet the
highest Corporate Governance standards, it has commenced a search
for an additional Non-Executive Director to further enhance the
Board.
The Directors look forward to working with David and are
confident Bilby will benefit from his considerable experience of
running multi-divisional companies.
Sangita Shah, Chairman of Bilby Plc, commented:
"We are delighted to announce David Bullen is joining Bilby as
CEO. He brings with him significant experience of managing a listed
company and an impressive track record of delivering growth and
margin enhancement. We believe he is an excellent fit for Bilby and
we look forward to working with him, restoring stakeholder
confidence in Bilby and strengthening its market position.
Since listing in 2015 David Ellingham has served on the Bilby
board and has played a key role in the buy and build strategy and
successfully acquired four strong businesses. We wish him well in
the future."
Commenting on his appointment, David Bullen said:
"I am excited to take the helm of a service-led business that
has such a breadth of great people as its foundation. The business
will continue to focus on providing a best in class service to our
customers, driving further efficiencies to improve our operational
excellence and capitalising on the vast potential our sector
offers. I believe the outlook for the group is positive and I look
forward to delivering success for all stakeholders."
Schedule 2(g) Disclosures
The following information is disclosed pursuant to Rule 17 and
Schedule Two Paragraph (g) of the AIM Rules for Companies.
David Michael Alexander Bullen, aged 46, has held the following
current and previous directorships in the last 5 years:
Current directorships and/or partnerships: Former directorships and/or partnerships
(within the last five years):
Boleyn International Ltd Anpario plc
Anpario UK Ltd
Kiotechagil Ltd
Meriden Animal Health Ltd
Orego-Stim Ltd
-----------------------------------------
Save as disclosed above, there are no further disclosures
required to be made in respect of the appointment under Schedule
2(g) or Rule 17 of the AIM Rules for Companies.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014. Market soundings, as
defined in MAR, were taken in respect of the share sale with the
result that certain persons became aware of inside information, as
permitted by MAR. That inside information is set out in this
announcement and has been disclosed as soon as possible in
accordance with paragraph 7 of article 17 of MAR. Therefore, those
persons that received inside information in a market sounding are
no longer in possession of inside information relating to the Group
and its securities.
Enquiries
Bilby plc
David Bullen, Chief Executive Officer +44 (0)20 7796 4133
(via Hudson Sandler)
Canaccord Genuity Ltd (Nominated Adviser
and Joint Broker) +44 (0)20 7523 8000
Corporate Broking:
Bobbie Hilliam
Georgina McCooke
Sales:
Jonathan Barr
Stanford Capital Partners (Joint Broker)
Patrick Claridge
Sales:
John Howes
Bob Pountney +44 (0)20 3815 8880
Hudson Sandler (Financial PR) +44 (0)20 7796 4133
Charlie Jack
Bertie Berger
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END
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