Directorate Change
12 December 2007 - 3:54AM
UK Regulatory
RNS Number:6910J
Orbis PLC
11 December 2007
Orbis Plc
Date: 11 December 2007
Orbis Plc ("the Company" or "Orbis")
Resignation of Director
Orbis Plc announces that a non-executive director, Gerry Connolly, has resigned
from the Board with effect from 11th December 2007.
The Company continues to be in discussions regarding the possible sale of the
Company and, separately, its financial re-structuring. The Board considers it
unlikely that either of these options will produce value for shareholders. The
Board believes that these discussions are likely to be concluded early in the
New Year, following which the Company intends to announce its preliminary
results.
Enquiries:
Michael Holmes
Chief Executive Officer
01895 465 500
David Simpson
KPMG Corporate Finance - nominated adviser
020 7311 1000
KPMG Corporate Finance, a division of KPMG LLP which is authorised and regulated
by the Financial Services Authority for investment business activities, is
acting for the Company as nominated adviser in relation to the matters set out
in this announcement and is not acting for any other person in relation to these
matters. KPMG Corporate Finance will not be responsible to anyone other than
Company for providing the protections afforded to its clients or for providing
advice in relation to the contents of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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