Nature Group PLC Board Changes (3674L)
18 Luglio 2017 - 11:02AM
UK Regulatory
TIDMNGR
RNS Number : 3674L
Nature Group PLC
18 July 2017
This announcement contains inside information
Nature Group PLC
("Nature Group" or the "Company" or the "Group")
Board Changes
Nature Group PLC (AIM:NGR), the provider of port reception
facilities and waste treatment solutions for the oil, marine and
process industries, announces the following changes to the board of
directors of the Company (the "Board"), all of which are with
immediate effect.
Jan Vesseur and Maarten Smits have left the Board and their
positions as Chief Executive Officer and Chief Financial Officer,
respectively. Andreas Drenthen, currently a Non-Executive Director,
has been appointed as Chief Executive Officer of the Company.
The Board intends to appoint at least one additional independent
non-executive director and the Company has identified a potential
candidate with whom discussions are being progressed. Further
updates will be provided in due course.
In addition, the Company announces that, as part of its ongoing
strategy to rationalise the cost-structure of the business, it has
closed its office in Amsterdam and will relocate all operations in
The Netherlands to its operational headquarters in Rotterdam.
Berend van Straten, Chairman of Nature Group, commented:
"As I indicated in my statement to the recent Annual General
Meeting, the Company has sought to immediately implement further
reductions in operational cost, as well as the Group overhead, in
response to the challenging environment in which the Company is
operating and the constrained cash position in which it now finds
itself.
The Company will now move forward under new management and with
an agreed strategy which is focused on improving the financial
performance of the existing, core operations and on delivering a
return to profitability from a cost-base which is appropriate to
the current operating environment.
These management changes and cost-cutting measures are a
difficult but, I believe, necessary part of that process. I am
pleased to be able to draw on Andreas' extensive operational
experience in the sector and his knowledge of the business and its
customers, thereby ensuring that these changes do not disrupt the
operational activities of the Company.
The Board is currently assessing a number of proposals and
strategies to help strengthen its balance sheet and to address the
current, challenging financial position. Further announcements will
be made in due course."
For further information:
Nature Group PLC
Andreas Drenthen, Tel: +31 6462 878 96
CEO
Berend van Straten, Tel: +31 6268 056 05
Chairman
Cenkos Securities
plc
Neil McDonald Tel: +44 (0)131 220 9771 /
+44 (0)207 397 1953
Beth McKiernan Tel: +44 (0)131 220 9778 /
+44 (0)207 397 1950
Nick Tulloch Tel: +44 (0)131 220 9772
Notes to Editors
About Nature Group
Nature Group combines port reception services and facilities,
offshore treatment services and the latest sustainable waste
treatment technologies in a steadily growing global network. Nature
Group is traded on the AIM market, (ticker: NGR). www.ngrp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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