Produce Investments PLC Result of AGM and Board Restructuring (7435N)
28 October 2016 - 8:00PM
UK Regulatory
TIDMPIL
RNS Number : 7435N
Produce Investments PLC
28 October 2016
28 October 2016
Produce Investments plc
(the "Company or "Produce")
Result of AGM and Board Restructuring
Produce Investments plc (AIM: PIL), a leading operator in the
fresh potato and daffodil sectors, is pleased to announce that at
the Company's Annual General Meeting held earlier today, all
resolutions were passed.
Accordingly, as previously announced by the Company, Neil
Davidson has now taken over as Chairman of the Company from Barrie
Clapham who today has retired after completing two three year
terms. In addition, the Company is pleased to announce that Sean
Christie and Liz Kynoch have today been appointed to the Board of
Produce Investments plc as Non-Executive Directors with immediate
effect.
Sean Christie has held a number of Senior Executive and
Non-Executive positions. He is currently a Non-Executive Director
of Accsys Technologies Plc, Applied Graphene Materials plc and of
Turner & Townsend Limited. Previously Sean was Finance Director
of Croda International Plc from 2006-2015 and, prior to that, he
was Group Finance Director of Northern Foods Plc. Sean also served
as a Non-Executive Director at KCOM Group Plc until 2007 and of
Cherry Valley Farms Ltd until its sale in 2010. Sean will become
Chairman of the Audit committee.
Liz Kynoch runs a portfolio of Non-Executive and advisory roles
following a career in retail and manufacturing. Liz was formerly
Group Technical & Trading Law Director at Tesco plc. Previously
Liz was Technical Director at Safeway plc and prior to that was
Technical and R&D Director at Express Dairies plc, having
originally started her career at Marks & Spencer.
At the same time, the Company announces that Non-Executive
Directors Derek Porter, Michael Jankowski and Tony Bambridge stood
down from the Board following the conclusion of the AGM.
Neil Davidson, Chairman of Produce Investments said: "Sean and
Liz bring extensive knowledge and experience of food retailing and
manufacturing which will benefit the Company as it continues to
evolve, knowledge that will help us meet both the challenges and
opportunities that lie ahead. I welcome them to the Board of
Produce Investments."
"I know that the support and advice given by Derek, Mike and
Tony, to the Executive Team has been invaluable and they all played
a major role in the Company's successful admission to the AIM
market of the London Stock Exchange in 2010. They leave with our
sincere gratitude for the commitment and contributions they have
made over many years, the company having developed considerably
during their time on the Board."
Save as set out in the additional information section below
there are no further disclosures required to be made in respect of
the appointments under Schedule 2(g) of the AIM Rules for
Companies.
For further information contact:
Produce Investments plc
Angus Armstrong / Brian
Macdonald 01890 819503
Shore Capital & Corporate
Limited (Nomad)
Stephane Auton / Patrick
Castle 020 7408 4090
Powerscourt
Nick Dibden / Samantha
Trillwood
produce@powerscourt-group.com 020 7250 1446
Additional information
In addition to the information set out below, Liz Kynoch was a
non-executive director of ToxiMet Limited until 30 April 2015.
ToxiMet Limited, an early stage scientific company, was put into
administration within twelve months of Liz Kynoch ceasing to be a
director.
Director's Full Current Directorships Directorships
Name, Age and and partnerships and partnerships
Previous Names within the last
5 years
----------------------- ---------------------- ---------------------
Michael Sean Christie, Accsys Technologies Croda International
age 59 Plc plc
----------------------- ---------------------- ---------------------
Applied Graphene Croda Enterprises
Materials plc Limited
----------------------- ---------------------- ---------------------
Turner & Townsend Croda Europe Limited
Limited
----------------------- ---------------------- ---------------------
Croda World Traders
Limited
----------------------- ---------------------- ---------------------
Croda Polymers
International
Limited
----------------------- ---------------------- ---------------------
Croda Overseas
Holdings Limited
----------------------- ---------------------- ---------------------
Croda Investments
Limited
----------------------- ---------------------- ---------------------
Croda Investments
No 2 Limited
----------------------- ---------------------- ---------------------
Croda JDH Limited
----------------------- ---------------------- ---------------------
Eminate Limited
----------------------- ---------------------- ---------------------
Uniqema Limited
----------------------- ---------------------- ---------------------
Nickerson Group
Rothwell Limited
----------------------- ---------------------- ---------------------
Cowick Hall Trustees
Limited
----------------------- ---------------------- ---------------------
Elizabeth Jane Aquila Real Estate
Ferguson Kynoch, Limited
age 54
----------------------- ---------------------- ---------------------
Cunningham Court
RTM Company Limited
----------------------- ---------------------- ---------------------
Bluedean LLP
----------------------- ---------------------- ---------------------
Notes to Editors
Produce Investments plc is a vertically integrated potato and
daffodil company supplying blue chip customers including Tesco,
Sainsbury, Asda, Waitrose and Marks & Spencer.
Website: www.produceinvestments.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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