Malvern International PLC Directorate Change (4135O)
02 October 2019 - 4:00PM
UK Regulatory
TIDMMLVN
RNS Number : 4135O
Malvern International PLC
02 October 2019
2 October 2019
MALVERN INTERNATIONAL PLC
("Malvern" or the "Group" or the "Company")
Board changes
Malvern International plc (AIM: MLVN), the global learning and
skills development partner, announces the following Board
changes:
After many years of service to the Company and financial support
via KSP Investments, Gopinath Pillai is to step aside as
Non-Executive Chairman and is resigning as a Director with
immediate effect. KSP Investments, where Mr Pillai is a Director,
remains a significant shareholder and will continue to have
representation on the Board of Malvern via Haider Sithawalla who
continue his role as a Non-Executive Director.
On 1 July 2019 Mark Elliott was appointed as an independent
Non-Executive Director of the Company. Mr Elliott is already making
a significant contribution to the Company and the Board is
delighted to announce his appointment as Non-Executive Chairman
following the departure of Mr Pillai.
The Company is also pleased to announce the appointment of Alan
Carroll as an independent Non-Executive Director of the Company
with immediate effect.
Mr Carroll has over 25 years' experience in the information
systems industry, including working in a senior capacity in the
development of the Ministry of Defence's Information System
Strategy and as a senior sales manager and advisor to a number of
major software and systems integration companies. In addition, he
is the senior independent Non-Executive Director at Ideagen plc, a
fast growing UK based international software company. He has been a
Board member since Ideagen listed on AIM in July 2012 and has
chaired the audit and remuneration committees throughout this time.
Mr Carroll was voted Non-Executive Director of the year in the May
2019 Money Week Mello awards.
Commenting on the Board changes, Mark Elliott said: "On behalf
of the Board, I would like to thank Gopinath Pillai for his
substantial contribution to Malvern since it joined AIM in 2004.
His advice as Chairman, and financial support in the last few
difficult years has been invaluable. We are very pleased that the
investment vehicle that he founded, KSP Investments, remains a
supportive shareholder.
"I would also like to welcome Alan Carroll who brings with him a
wealth of experience and a strong focus on corporate governance. He
joins Malvern at a time when the strategy implemented in the last
few years is starting to yield results, not least with the highest
forward bookings in the Company's history."
The following details in relation to the appointment of Alan
Carroll (aged 68) are disclosed in accordance with Schedule 2(g) of
the AIM Rules:
Current directorships: Past directorships held within
the last five years:
Ideagen plc Ultris Information Assurance
Ltd
-------------------------------
Ultris Information Services Ultris Software Ltd
Ltd
-------------------------------
Ultris Ltd Protech Ltd
-------------------------------
Docmanager Ltd
-------------------------------
Mr Carroll and Mrs Carroll hold 700,000 and 50,000 ordinary
shares respectively in the Company, representing in aggregate
approximately 0.29% of the Company's issued ordinary share
capital.
There are no other disclosures in accordance with Schedule 2(g)
of the AIM Rules.
For further information please
contact:
Malvern International Plc www.malverninternational.com
Dr Sam Malafeh - Chief Executive Via Communications Portfolio
Officer
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Chris Savidge +44 117 945 3470
Media enquiries
Communications Portfolio ariane@communications-portfolio.co.uk
Ariane Comstive +44 7785 922 354
Notes to Editors:
Malvern International is a global learning and skills
development partner preparing students and learners to meet the
demands of a professional life. Courses are delivered on sites in
London, Manchester, Singapore, and Malaysia, with the option of
studying across multiple campuses over the duration of the same
course, and online through the Malvern Online Academy.
Courses include:
-- Certificate, Diploma and pre-University programs;
-- University degree and post-graduate programs;
-- Courses for professional examinations e.g. ACCA;
-- Tuition services for secondary school students and English language teaching.
Established in the 1980s and admitted to AIM in 2004, Malvern
employs approximately 250 people and delivers a wide range of
courses. Malvern's growth strategy is driven by organic growth
initiatives complemented by strategic acquisitions.
For further investor information go to
www.malverninternational.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOABLBDGLGGBGCB
(END) Dow Jones Newswires
October 02, 2019 02:00 ET (06:00 GMT)
Malvern (LSE:MLVN)
Historical Stock Chart
From Apr 2024 to May 2024
Malvern (LSE:MLVN)
Historical Stock Chart
From May 2023 to May 2024