Stobart Group Limited Board Change (4442R)
14 Giugno 2018 - 3:07PM
UK Regulatory
TIDMSTOB
RNS Number : 4442R
Stobart Group Limited
14 June 2018
14 June 2018
STOBART GROUP LIMITED
('Stobart Group' or 'the Company')
Board change
The Company announces that, following the receipt of
comprehensive legal advice, it has today served notice on Andrew
Tinkler, summarily terminating his employment with the Stobart
Group. Mr Tinkler will cease to be a director with effect from
today's date.
The Company will also be issuing legal proceedings imminently
against Mr Tinkler for, amongst other things, breach of contract
and breach of fiduciary duty.
The Company will be writing to shareholders shortly to provide
them with further information on the situation, including its
concerns that Mr Tinkler and his associates are attempting to
secure control of the Company.
Warwick Brady, CEO of Stobart Group, said: "Mr Tinkler's
actions, particularly in recent days, have threatened to
destabilise the Company and severely impacted my ability and that
of my team to manage the business on a day to day basis and deliver
the agreed strategy. This is against the interests of all of our
shareholders."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 956/2014.
ENDS
Enquiries:
Redleaf Communications
Robin Tozer
Charles Ansdell
+44 203 757 6880
Stobart@redleafpr.com
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END
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