Low & Bonar PLC Directorate Change (5455S)
November 07 2019 - 1:01AM
UK Regulatory
TIDMLWB
RNS Number : 5455S
Low & Bonar PLC
07 November 2019
LEI: 213800CALFKOEL7N7P10
7 November 2019
Low & Bonar PLC
("the Company")
Change in Directors
Low & Bonar PLC, the international performance materials
group, advises that following the Court and General Meetings to
approve the cash offer from FV Beteilgungs-GmbH:
Kevin Matthews has stepped down from the Board to concentrate on
his new role as Executive Chairman of Scott Bader Company Limited,
the privately held speciality chemicals business, as well as his
other non-executive responsibilities. Peter Bertram, a current
non-executive Director, will replace him as Chair of the
Remuneration Committee.
Giulia Nobili, the non-executive director appointed at the
request of Sterling Strategic Value Fund S.A., SICAV-RAIF (the
Company's largest investor), has also stepped down from the
Board.
Both resignations are effective from 7 November 2019.
Daniel Dayan, Executive Chairman, said:
"I would like to recognise Kevin's contributions to the Company
over the last four and a half years and to especially thank him for
his work in his role as Chair of the Remuneration Committee. He has
provided valuable insight and expertise to the Board and our
Committees.
I would also like to thank Giulia for her time and commitment to
the Company during its strategic discussions on the Company's
future."
For further information, please contact:
Low & Bonar 020 7535 3180
Daniel Dayan, Executive Chairman
Ian Ashton, Group Chief Financial
Officer
Instinctif Partners 020 7457 2020
Matthew Smallwood
Rosie Driscoll
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END
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