Appointment of non-executive directors
27 May 2022 - 12:07AM
Appointment of non-executive directors
Appointment of non-executive
directors
Following the announcement on 20 May 2022, that
the recommended all cash offer by Inframobility UK Bidco Limited
for Stagecoach Group plc (the "Company") became unconditional, and
the announcement today that the cancellation of listing and trading
of the Company’s shares is expected to take effect no earlier than
8.00am (London time) on 27 June 2022, the Company is pleased to
announce that the Board has appointed the following representatives
of DWS Infrastructure as additional non-executive directors of the
Company with immediate effect:
Hamish MackenzieScott AutyMiguel CostaFlorian Hubel
Inframobility UK Bidco Limited secured control
of the Company on 20 May 2022. The shares of the Company remain
listed on the London Stock Exchange for the time being but, as
announced on 26 May 2022 Inframobility UK Bidco Limited achieved
control of in excess of 75% of the Company’s shares on 26 May 2022
and it is anticipated that the Company’s shares will be de-listed
on or around 27 June 2022.
The four new directors joining the Board of the
Company are in addition to the existing directors. Ray O’Toole
(Chairman), Martin Griffiths (Chief Executive) and Ross Paterson
(Finance Director), together with non-executive director, Lynne
Weedall are expected to continue on the Board. The remaining
non-executive directors (Sir Brian Souter, Gregor Alexander, James
Bilefield and Karen Thomson) will step down from the Board
following the de-listing of the Company’s shares.
Accordingly, following the de-listing of the
Company’s shares, the Board is expected to comprise of eight
directors: the Chairman, the Chief Executive Officer, the Chief
Financial Officer, four representatives of DWS Infrastructure, and
one other non-executive director.
No other information is required to be disclosed
pursuant to paragraph LR 9.6.13R of the Listing Rules of the
Financial Conduct Authority in relation to the above director
appointments.
For further information, please contact:
Stagecoach Group plc
www.stagecoachgroup.com
Investors and analysts
Ross Paterson, Finance
Director 01738
442111
Bruce Dingwall, Group Financial
Controller 01738
442111
Media
Steven Stewart, Director of Corporate
Communications 07764
7746800
Stagecoach (LSE:SGC)
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