Mpac Group PLC AGM statement and Board Change (3796L)
19 April 2018 - 4:00PM
UK Regulatory
TIDMMPAC
RNS Number : 3796L
Mpac Group PLC
19 April 2018
19 April 2018
Mpac Group plc
AGM statement and Board Change
Mpac Group plc ("Mpac" or "the Company"), the global packaging
solutions group, will hold its Annual General Meeting at noon
today, and Chairman, Phil Moorhouse, will make the following
statement:
"Trading in the first quarter is ahead of last year and in line
with the Board's expectations.
"I would also like to announce that I will be stepping down from
the Board and will cease to be a Director with effect from the
close of this AGM for personal reasons. I have been with Mpac for
some seven years, three as Chairman. I have enjoyed working in the
business and am pleased to say that with our new management team
under the leadership of Tony Steels we have a clear growth
strategy. The business is well positioned in growth markets and has
significant cash resources to fund growth both organically and by
acquisition where appropriate. "
Tony Steels commented: "On behalf of the Board I would like to
thank Phil for his key contribution to the strategic development of
Mpac. On a personal level he has been a very supportive colleague
and a great coach since I joined the Company. We wish him all the
best for the future. "
Andrew Kitchingman will be appointed as Chairman with immediate
effect and a process will commence to appoint a Non-Executive
Director to supplement the Board.
For further information, please contact:
Mpac Group plc Tel: +44 (0) 2476 421100
Tony Steels, Chief Executive
Jim Haughey, Group Finance Director
Panmure Gordon (UK) Limited Tel: +44 (0) 20 7886 2500
(Nominated Advisor & Broker)
Andrew Potts, Peter Steel - Corporate Finance
James Stearns - Corporate Broking
Hudson Sandler Tel: +44 (0) 20 7796 4133
Nick Lyon
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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