Fenner PLC Proposed Directorate Change (7969S)
2016年12月28日 - 4:00PM
RNSを含む英国規制内ニュース (英語)
TIDMFENR
RNS Number : 7969S
Fenner PLC
28 December 2016
28 December 2016
This announcement contains inside information
Fenner PLC
("Fenner" or "the Company" and, together with its subsidiary
undertakings, "the Group")
Shareholder Requisition by Teleios Capital Partners LLC
("Teleios") for the Appointment to the Board of Michael E.
Ducey
Fenner announces that following constructive discussions with
Teleios and other shareholders, the board of Fenner (the "Board")
has determined that it is in the best interests of the Company and
its shareholders to support the appointment of Mr Ducey as a
non-executive director of the Company.
This negotiated position will bring stability and added
expertise to the Board and allow it to continue to build on the
progress and momentum achieved by the Group over the last year and
will enable the search for a new CEO to continue. Mark Abrahams has
confirmed that he will continue to act as CEO and effect a smooth
transition to a new CEO once a strong candidate has been found.
The Board also confirms it will continue to search for another
independent non-executive director in addition to Mr Ducey.
Mr Ducey would be eligible to sit on all of the committees of
the Board. Mr Ducey will be submitted for election by shareholders
at the Annual General Meeting on 11 January 2017 (the "AGM"), as
set out in the additional resolution posted to shareholders on 19
December 2016.
Commenting on the proposed appointment Mr Ducey said, "I am
honored and excited by the opportunity to join the Fenner PLC Board
as a non-executive director. My global experience in the industrial
and mining markets will augment the strong talent that currently
exists on the Board as they move forward executing their growth
strategy."
Fenner Chairman, Vanda Murray OBE added, "We have a clear
strategy for growth and remain committed to creating value for
shareholders. I welcome Michael Ducey to our Board and confirm that
we will aim to strengthen the Board further with an additional
independent non-executive director."
A statement in support of Mr Ducey's appointment will be posted
to shareholders on or around 4 January 2017 (the "Circular") and
will give further details of Mr Ducey's CV, experience and
background. The Circular will contain a recommendation from the
Board that shareholders approve Mr Ducey's appointment at the
forthcoming AGM. If the resolution to appoint Mr Ducey is approved
by shareholders, his appointment will take effect immediately.
Teleios has confirmed to the Company that it intends to vote in
favour of all of the resolutions proposed at the AGM.
The person responsible for making this announcement is:
Debra Bradbury - Group Company Secretary
ENDS
For further information please contact:
Fenner PLC
Vanda Murray, Chairman
Chris Surch, Non-Executive
Director 01482 626500
Weber Shandwick Financial
020 7067
Nick Oborne / Tom Jenkins 0700
Notes to editors:
Fenner PLC is a world leader in reinforced polymer technology,
providing local engineered solutions for performance--critical
applications.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 28, 2016 02:00 ET (07:00 GMT)
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