W.H. Ireland Group PLC Directorate Changes and Trading Update (1703P)
06 February 2019 - 6:00PM
UK Regulatory
TIDMWHI
RNS Number : 1703P
W.H. Ireland Group PLC
06 February 2019
WH Ireland Group Plc
("WH Ireland" or the "Company")
Directorate Changes and Trading Update
WH Ireland today announces two directorate changes and a trading
update for the period since its half year ended 30 September
2018.
Appointment of Finance Director
WH Ireland confirms that, subject only to FCA approval, Philip
Tansey, will be appointed as Finance Director of the Company and
will join the Board. As previously announced, Philip joined WH
Ireland as Head of Finance in December. This appointment and that
of the new Head of Wealth Management, Stephen Ford, reflect our new
CEO Phillip Wale's intention of putting in place a leadership team
to position WH Ireland for future growth.
Between 2011 and 2017, Philip Tansey, a Chartered Accountant,
was Chief Financial Officer of Panmure Gordon and before that, from
2008, was Managing Director of the NASDAQ quoted US inter-dealer
Broker, BGC Partners Inc. During his career he has also worked at
Deutsche Bank, CSFB, CIBC Wood Grundy, Salomon Brothers and BDO
Stoy Hayward.
Further announcements will be made as appropriate.
Non-Executive Director stepping down
The Board also announce the intention of Jonathan Carey to step
down from his role as a Non-Executive Director of the Board.
Jonathan, who has been a board member since 2016, has indicated he
will step down when a suitable replacement can be found, and in any
event no earlier than 31 March 2019. Further updates will be
provided as appropriate.
Trading Update
The Board also makes the following trading update. As has
already been reported by a number of our peers, market conditions
continue to be challenging, affecting both divisions of the
Company. In addition, exceptional costs for the financial year
ended 31 March 2019 are anticipated to be higher than originally
expected following a number of significant one off expenses as we
continue with our transformation strategy. However, despite these
challenges, the Company has a strong pipeline of new business and
the Board remains optimistic for the future.
Commenting, Phillip Wale, CEO said, "We are delighted that
Philip Tansey will be joining us as a Director of the Company,
subject only to FCA approval. Philip brings a wealth of experience
that will be valuable to WH Ireland as we continue on the path
towards growth and profitability. At the same time, the Board
thanks Jonathan Carey for his excellent contribution to the Company
and wishes him well for the future."
For further information please contact:
WH Ireland Group plc www.whirelandplc.com
Phillip Wale, CEO +44(0) 20 7220 1666
SPARK Advisory Partners Limited
Mark Brady/Miriam Greenwood +44(0) 203 368 3551/3550
MHP Communications +44(0)20 3128 8793
Reg Hoare
Appendix
Further information on Philip Tansey, FCA
Save for the information above and below, there are no further
disclosures to be made in accordance with Rule 17, Schedule 2(g) of
the AIM Rules for Companies in respect of the appointment Philip
Tansey.
Full name: Philip Tansey
Age: 60 years old
Current appointments Past appointments (last five years)
Baby Break and Toddler Durlacher Research Limited
Break Limited Life Capital Limited
Tansey Associates Limited Panmure General Partner Limited
Panmure Gordon & Co. Limited
Panmure Gordon (Broking) Limited
Amphion Innovations plc Panmure Gordon (UK) Limited
Panmure Gordon Securities Limited
Primextend Limited
Rotherfield Nominees Limited
United Energy Limited
United Energy Properties Limited
Web-Angel Limited
Web-Angel Services Limited
Northland Capital Partners Limited
To Health Limited
Mr Tansey was a director of Alfresco Leisure Publications Plc
("Alfresco") and its subsidiaries, Premier Guides Limited ("Premier
Guides") and Telfo Limited ("Telfo"), all of which were placed into
administration in 1992. Alfresco Leisure Publications and Premier
Guides were dissolved on 16 November 1999 and Telfo was dissolved
on 7 December 1993. The administrators of Premier Guides showed a
deficiency of GBP0.6 million (excluding amounts owed to Alfresco)
as regards to unsecured creditors. The administrators of Telfo
showed a deficiency to creditors of GBP0.7 million
Mr Tansey currently holds no beneficial interest in the ordinary
share capital of the Company.
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END
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