discoverIE Group plc Director Declaration (9678M)
May 14 2020 - 10:05AM
UK Regulatory
TIDMDSCV
RNS Number : 9678M
discoverIE Group plc
14 May 2020
14 May 2020
discoverIE Group plc
(the "Company")
Director Declaration
Further to the announcement on 21 April 2020, Malcolm Diamond,
Non-Executive Chairman of the Company, has informed the Board that
he will retire as Non-Executive Chairman of Flowtech Fluidpower plc
with effect from 1 August 2020, rather than 3 June 2020 as
previously advised.
For further information, please contact:
discoverIE Group plc
G reg Davidson 01483 544
Company Secretary 500
Instinctif Partners
Mark Garraway 020 7457
James Gray 2020
About discoverIE Group plc
discoverIE Group plc is an international group of businesses
that designs, manufactures and supplies innovative components for
electronic applications.
The Group provides application-specific components to original
equipment manufacturers ("OEMs") internationally. By designing
components that meet customers' unique requirements, which are then
manufactured and supplied throughout the life of their production,
a high level of repeating revenue is generated with long term
customer relationships.
By focusing on key markets driven by structural growth and
increasing electronic content, namely renewable energy,
transportation, medical and industrial & connectivity, the
Group aims to achieve organic growth that is well ahead of GDP and
to supplement that with targeted complementary acquisitions.
The Group employs c.4,500 people and its principal operating
units are located in Continental Europe, the UK, China, Sri Lanka,
India and North America.
The Group is listed on the Main Market of the London Stock
Exchange and is in the top quartile of the FTSE Small Cap Index,
classified within the Electrical Components and Equipment
subsector, and has revenues of over GBP400m. Over the last five
years, revenue and underlying earnings per share have both more
than doubled.
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END
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