Norman Broadbent PLC Update and Change of Board role (7978E)
01 November 2022 - 6:00PM
UK Regulatory
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RNS Number : 7978E
Norman Broadbent PLC
01 November 2022
1 November 2022
Norman Broadbent plc
(the "Company")
Update and Change of Board role
Norman Broadbent plc (AIM: NBB), a leading quoted Executive
Search and Interim Management firm offering a diversified portfolio
of integrated Leadership Acquisition & Advisory Services,
announces that, f ollowing its encouraging interim results for the
six months ended 30 June 2022 ("H1 2022"),which were released on 16
August 2022, it has continued to gain momentum in terms of quality
headcount growth and Net Fee Income which is now forecast to come
in well above GBP7.0 million for the year ending 31 December 2022 (
"FY22") (FY21: GBP5.8million). In particular, the growth seen in H1
2022 is expected to continue in the second half of FY22.
The brand refresh and new website launch (
www.normanbroadbent.com ) have been very well received and new
offices in Edinburgh and Aberdeen have now been established,
gaining very positive market interest.
Change of Board role
The Company also announces that the role of Peter Searle who was
appointed as its Executive Chairman on 15 June 2021 has changed to
Non-Executive Chairman with immediate effect. Peter remains fully
committed to the Company, will continue to stay involved in the
business and lead the Board with a particular focus on strategic
initiatives.
Further to its announcement of 23 August 2022, the Company
announces that the search for a replacement CFO is at an advanced
stage and it will provide a further update in due course.
Peter Searle, Non-Executive Chairman of the Company, commented
:
"The strong values and performance focused leadership shown by
Kevin Davidson, the Company's Chief Executive, and his team over
the last 12 months has considerably turned around the Company's
prospects. The Board and I are very excited to be playing our part
in shaping that future.
Kevin will continue to implement his successful strategy of
operational excellence and investment in people to drive profitable
growth and to make Norman Broadbent a diverse, inclusive,
destination culture for the executive search and interim leadership
industry."
For further Information, please contact:
Norman Broadbent plc 020 7484 0000
Peter Searle, Chairman
Kevin Davidson, CEO
Steve Smith, CFO
Shore Capital 020 7408 4090
Nominated Adviser and Broker
Tom Griffiths / Tom Knibbs (Corporate Advisory)
Henry Willcocks (Corporate Broking)
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END
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