Redde Plc Directorate Change
May 03 2019 - 7:28AM
UK Regulatory
TIDMREDD
* News Release *
Redde plc
("Redde" or "Group")
Issue Date: 1 May 2019
Directorate change
Redde announces that the board was informed today that Avril Palmer-Baunack has
given three months' notice of her intention to leave the board as its
non-executive chairman. This is for reasons based around Avril's existing time
commitments. Redde will therefore start an immediate search for a successor.
Avril said, "Given the increasing demands on my time I have reluctantly come to
the conclusion that it is in Redde's best interests that I resign as its
Chairman. Redde is a great business, I have truly enjoyed my time on the board
and I wish the board and the business all the best for the future."
Martin Ward said, "Avril was very instrumental in reshaping the Group's
business and has been a very supportive Chairman over the last 8 years. I
admire her determination at getting things done and have valued the time we
have shared together. I am sure this decision was made with a heavy heart and I
and the board wish Avril all the best with her future plans. I am also
confident that, given recent trading performance, the Group remains on track to
meet current market expecations for this financial year.
The information contained within the announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is now
considered to be in the public domain.
For further information, contact:
Redde plc Tel: 01225 321134
Martin Ward, Chief Executive Officer
Stephen Oakley, Chief Financial
Officer
Cenkos Securities plc (Nominated Adviser and Tel: 020 7397 8900
Joint Broker)
Giles Balleny
Mark Connelly
Harry Hargreaves
N+1 Singer Capital Markets Limited (Joint Broker) Tel: 0207 496 3000
Mark Taylor
Square1 Consulting Tel: 020 7929 5599
David Bick
Notes for editors
About Redde plc:
Founded in 1992 and working predominantly with insurance companies, insurance
brokers and prestige motor dealerships, the Group provides a range of accident
management and legal services. The Group also deals directly with large
national fleets providing incident management and mobility continuity and the
Group's activities also encompass a range of legal services designed to assist
claimant parties in partnership with leading insurance companies, brokers and
other bodies.
The Group is one of the market leaders in its fields of business; it delivers
accident management solutions to motorists ensuring that they remain mobile
until their own vehicles are repaired or until they are put in a position to
obtain a replacement and it provides legal services ensuring that they are
properly compensated for their injuries and losses. Legal services also include
wills and probate, family law and employment law advice.
The name Redde is associated, in Latin, with the concept of restoration.
END
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