React Group PLC Board changes (9924B)
April 10 2017 - 1:00AM
UK Regulatory
TIDMREAT
RNS Number : 9924B
React Group PLC
10 April 2017
10 April 2017
REACT Group PLC
("REACT" or the "Company)
Board Changes
REACT Group PLC, the specialist provider of rapid response deep
cleaning and emergency decontamination services, is pleased to
announce the appointment of Steven Metcalfe to the Board of the
Company with immediate effect as a non-executive director.
Steven is a former stockbroker with more than 28 years'
experience in the financial industry. In 2005, as Head of UK
Equities at Hichens Harrison, he was involved in the management
buyout and then subsequent sale to Religare Capital Markets. For
the last seven years, he has been involved with institutions, hedge
funds and high net worth individuals within the regulated arena.
Since leaving Investment Banking in mid-2016, he is now using his
substantial background and history within the financial and
corporate world and has set up a consultancy business that advises
SMEs on finance, strategy and growth within their chosen area.
In addition, and as previously notified, non-executive director
Simon Woolley has stepped down from the Board with immediate
effect. The Company thanks Simon for his support of the Company and
would like to wish him success in the future.
Mr Metcalfe's full name is Steven Neil Metcalfe; he is 47 years
old.
Stene Investments Limited, a company in which Mr Metcalfe has an
interest owns 2,333,333 shares which represents 0.84 per cent. of
the Company's issued share capital.
Upon appointment, Mr Metcalfe is to be granted 581,395 options
over new ordinary shares of 0.25p at an exercise price of 0.86
pence per share.
Mr Metcalfe currently holds the following
directorships/partnerships:
Orogen plc
Big Sofa Technologies Group PLC
Franmet Partners Limited
Stene Investments Limited
Metcalfe Consultancy Limited
Directorships and partnerships held within the last five
years:
None
Save for the information set out above, there are no further
disclosures to be made in accordance with Rule 17, Schedule 2(g) of
the AIM Rules for Companies in respect of the appointment of Steven
Metcalfe.
For further information, please contact:
REACT Group plc
Gill Leates - Chairman 07799 662642
SPARK Advisory Partners Limited
Neil Baldwin 0113 370 8974
Mark Brady 0113 379 8971
This information is provided by RNS
The company news service from the London Stock Exchange
END
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