Porta Communications PLC Directorate Change (9753D)
May 03 2017 - 1:01AM
UK Regulatory
TIDMPTCM
RNS Number : 9753D
Porta Communications PLC
03 May 2017
3 May 2017
Porta Communications Plc
("Porta" or "the Company")
Board Changes and Notice of Results
Porta Communications Plc today announces the following senior
management changes, all with immediate effect, and gives notice of
its full year results.
-- David Wright has decided to retire. He has therefore stepped
down as Executive Chairman and has left the Board.
-- John Foley, previously the Senior Independent Non-Executive
Director, has become NonExecutive Chairman.
-- Gene Golembiewski, previously the CFO, will remain an
Executive Director. He will take on a more commercial role and
remains Company Secretary.
-- Rhydian Bankes, previously the Company's Head of Group
Finance, has become CFO and a director of Porta.
Commenting on the announcement, Steffan Williams, CEO, said:
"I would like to thank David for all his hard work in getting
Porta to where it is today. David helped start Porta and played a
key part in taking the company from its start-up phase to becoming
a significant independent company within the strategic
communications advisory market. We wish him well in his
retirement.
"We are fortunate to be able to appoint John Foley to the role
of Non-Executive Chairman. He is already our Senior Independent
Non-Executive Director and brings a wealth of experience. He is
currently Chairman of two other successful AIM quoted companies
(Premier Technical Services Group PLC and Servoca PLC). I'm looking
forward to working with John as our Chairman.
"During the four years that Gene has been CFO, he has played a
key role in the Group's development, and I'm pleased to say that we
will continue to draw on his considerable international and
commercial experience. I'm also delighted to welcome Rhydian to the
role of CFO.
"As CEO, I'm both honoured and excited by the prospect of
leading Porta into the next phase of the Company's development."
David Wright said:
"It's with great pride that I step down from the Board of Porta.
We have built a remarkable business in a very short period of time
and I want to thank all my colleagues for their hard work and
support. I know I am putting Porta into good hands and that it is
well placed for the next phase of the Company's growth. I remain a
seriously committed investor".
The Group will announce its results for the 12 month period
ending 31 December 2016 on 11 May 2017.
Further information on Rhydian Nicholas Wynne Bankes (Age
33):
Rhydian joined Porta in January 2016 from PWC, where he
qualified as a Chartered Accountant and spent eight years working
across a broad range of service lines, including Assurance and
Regulatory Advisory. As Porta's Head of Group Finance, Rhydian has
worked on the integration of financial systems throughout the
Group, restructuring underperforming subsidiaries and leading all
areas of financial reporting. Rhydian is a graduate of Edinburgh
University.
There is no further information required to be disclosed in
respect of the above appointment pursuant to Schedule 2 (g) of the
AIM Rules for Companies.
-- ends --
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Enquiries
Porta Communications Plc
Steffan Williams, CEO
Rhydian Bankes, CFO
www.portacomms.com
+44 (0) 20 7680 6500
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Samantha Harrison
Daniel Bush
+44 (0) 207 383 5100
N+1 Singer (Broker)
James Maxwell
Lauren Kettle
+44 (0) 20 7496 3000
Newgate Communications (Media Enquiries)
Bob Huxford
Adam Lloyd
James Ash
+44 (0) 20 7680 6500
Notes to Editors:
Porta is a fully integrated communications and marketing group
with specialisms including financial, corporate and consumer public
relations, public affairs and research and multi-capability
marketing, brand and creative communications.
The Group has offices in Abu Dhabi, Beijing, Brisbane, Bristol,
Canberra, Cardiff, Edinburgh, Hong Kong, London, Manchester,
Melbourne, Singapore and Sydney.
The brands and companies it owns are: Newgate Communications,
PPS Group, Redleaf Communications, Publicasity, 2112 Communications
and Summit Marketing Services.
Porta Communications' corporate website is -
www.portacomms.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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