TIDMCHG
RNS Number : 7751H
Chemring Group PLC
19 November 2018
FOR IMMEDIATE RELEASE 19 NOVEMBER 2018
This announcement contains inside information that qualified, or
may have qualified, as inside information for the purposes of
Article 17 of the Market Abuse Regulation (EU) 596/2014 (MAR). For
the purposes of MAR and Article 2 of commission Implementing
Regulation (EU) 2016/1055, this announcement is made by Sarah
Ellard, Company Secretary, for Chemring Group PLC.
CHEMRING GROUP PLC
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Chemring Group today announces the appointment of Stephen King
as a non-executive director. He will join the Board on 1 December
2018.
Stephen (58) has a wealth of senior level experience within the
industrial, engineering and manufacturing sectors, including a
number of executive and non-executive roles. He is currently the
Group Finance Director at Caledonia Investments plc, the FTSE 250
investment company that specialises in both global quoted and
private equity investments.
He is also the Senior Independent Director and Chairman of the
Audit Committee at TT Electronics plc. He has previously been a
Non-Executive Director and Chairman of the Audit Committee at both
Bristow Group Inc and The Wier Group plc.
Stephen was Finance Director at De La Rue plc from 2003 to 2009,
and prior to that at Midlands Electricity plc. A Chartered
Accountant, Stephen has also held senior financial positions at
Lucas Industries plc and Seeboard plc, and was a Non-Executive
Director of Camelot plc from 2008 to 2009.
Carl-Peter Forster, Chairman of Chemring, commented: "I am
delighted to welcome Stephen to Chemring. He brings significant
experience within the industrial, engineering and manufacturing
sectors, together with a strong corporate track record. I am
confident that he will make a valuable contribution to the
continued development and performance of the Group."
There are no further disclosures required to be made in
accordance with LR 9.6.13R of the Listing Rules of the UK Listing
Authority.
-ENDS-
For further information:
Rupert Pittman Group Director of Corporate Affairs, 01794 833901
Chemring Group PLC
Andrew Jaques MHP Communications 020 3128 8100
Notes to editors
-- Chemring is a global business that specialises in the
manufacture of high technology products and the provision of
services to the aerospace, defence and security markets
-- Employing approximately 2,600 people worldwide, and with
production facilities in four countries, Chemring meets the needs
of customers in more than fifty countries
-- Chemring is organised under three strategic product segments:
Countermeasures, Sensors, and Energetics
-- Chemring has a diverse portfolio of products that deliver
high reliability solutions to protect people, platforms, missions
and information against constantly changing threats
-- Operating in niche markets and with strong investment in
research and development ("R&D"), Chemring has the agility to
rapidly react to urgent customer needs
www.chemring.co.uk
Cautionary statements
This announcement contains unaudited information based on
management accounts and forward-looking statements that are based
on current expectations or beliefs, as well as assumptions about
future events. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current
facts. Forward-looking statements often use words such as
anticipate, target, expect, estimate, intend, plan, goal, believe,
will, may, should, would, could, is confident, or other words of
similar meaning. Undue reliance should not be placed on any such
statements because they speak only as at the date of this document
and, by their very nature, they are subject to known and unknown
risks and uncertainties and can be affected by other factors that
could cause actual results, and Chemring's plans and objectives, to
differ materially from those expressed or implied in the
forward-looking statements.
There are a number of factors which could cause actual results
to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause
actual results to differ materially from those described in the
forward-looking statements are; increased competition, the loss of
or damage to one or more key customer relationships, changes to
customer ordering patterns, delays in obtaining customer approvals
for engineering or price level changes, the failure of one or more
key suppliers, the outcome of business or industry restructuring,
the outcome of any litigation, changes in economic conditions,
currency fluctuations, changes in interest and tax rates, changes
in raw material or energy market prices, changes in laws,
regulations or regulatory policies, developments in legal or public
policy doctrines, technological developments, the failure to retain
key management, or the key timing and success of future acquisition
opportunities or major investment projects.
Chemring undertakes no obligation to revise or update any
forward-looking statement contained within this announcement,
regardless of whether those statements are affected as a result of
new information, future events or otherwise, save as required by
law and regulations.
No statement in this announcement is intended as a profit
forecast for FY18 and no statement in this announcement should be
interpreted to mean that underlying operating profit for the
current or future financial years would necessarily be above a
minimum level, or match or exceed the historical published
underlying operating profit or set a minimum level of underlying
operating profit.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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