PCG Entertainment plc Update on Board Change (7332Z)
17 March 2017 - 2:37AM
UK Regulatory
TIDMPCGE
RNS Number : 7332Z
PCG Entertainment plc
16 March 2017
16 March 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Update on Board Change
PCG Entertainment Plc (AIM: PCGE), the AIM quoted Asia-Pacific
online gaming and media company, offers additional clarification of
the board change noted in the Company's announcement made earlier
today.
Notice was served on 15(th) March 2017 by the Company
terminating the contract with Electric Warrior Limited, which is
the consultancy company providing Nick Bryant's services to the
Company. Under a power of attorney granted under the consultancy
agreement the Company can remove Mr Bryant as a director of any
group companies. Mr Bryant has been removed as CEO of PCGE.
In the immediate near term Richard Poulden and Michael Mainelli
will assume overall responsibilities for operations and finance at
PCGE. Alan Gravett continues in the role of director and company
secretary of PCGE and COO of PCG Software Services which holds the
group's gaming licence.
Richard Poulden, Chairman of PCGE adds "Jack Sun, PCGE's COO in
Asia, will continue to run the operations in China as he has done
since the beginning of 2016. Since the only current operations of
the Company are in Asia this means that management on the ground
remains unchanged. Jack was formerly COO of Betex before joining
PCGE. He has a BA (Hons) in Business Accounting from Oxford Brookes
University and an EMBA from the Said Business School, University of
Oxford, UK."
The London office of PCGE has been closed and there will be a
continuing focus on keeping overheads low and conservation of cash.
Mr Sun is not a director of PCGE.
For more information on PCGE please visit the Company's website
www.pcge.com.
Enquiries:
PCG Entertainment PLC
Richard Poulden, Chairman Tel: +44 207 812 0645
Allenby Capital Limited
Nick Naylor/Nick Harriss/James Tel: +44 20 3328 5656
Thomas
Beaufort Securities Limited
Elliot Hance Tel: +44 20 7382 8300
Damson Communications
Abigail Stuart-Menteth/Amelia Tel: +44 20 7812 0645
Hubert
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 16, 2017 11:37 ET (15:37 GMT)