Directorate Change
25 August 2010 - 4:30PM
UK Regulatory
TIDMRDP
RNS Number : 5922R
Radicle Projects Plc
25 August 2010
25 August 2010
Radicle Projects plc
("Radicle" or the "Company")
Resignation of Non Executive Director
Radicle Projects, the AIM quoted UK company which owns and operates Australian
agribusiness assets, announces that Mr Andrew Monk has resigned from the Board
of Radicle as Non Executive Director with immediate effect.
The Company announced on 28 June 2010 that the holders of the GBP15.1 million
Series A Convertible Loan Note ("Loan Note") has been approached with proposals
to convert their Loan Notes into ordinary shares in the Company, and that the
Company is considering the purchase of certain other Australian operating
agricultural businesses. These discussions are continuing, but there can be no
certainty as to the outcome of these discussions. A further announcement is
expected shortly.
John McLennan remains the Executive Director of the Company and continues to
have responsibility for the day to day management of Radicle's business and its
operations.
Enquires:
+-------------------------------------------+----------------+
| Radicle Projects PLC | |
+-------------------------------------------+----------------+
| John McLennan | +61 (0)3 8611 |
| | 6711 |
+-------------------------------------------+----------------+
| | |
+-------------------------------------------+----------------+
| Charles Stanley Securities | |
+-------------------------------------------+----------------+
| Nominated Adviser | |
+-------------------------------------------+----------------+
| Russell Cook / Carl Holmes | 020 7149 6000 |
+-------------------------------------------+----------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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