AUCT Auctus Growth Plc

TIDMAUCT

RNS Number : 4882Z

Auctus Growth Plc

10 January 2020

Auctus Growth plc ("Auctus" or the "Company")

Directorate changes

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION

Auctus Growth Plc today announces that Charles Cannon Brookes will resign from the Board with immediate effect. It also announces the appointment with effect from today of Ross Ainger to the Company's Board.

Ross has worked alongside Charles at Arlington Group Asset Management Limited ('Arlington'), an FCA authorised and regulated firm for the past thirteen years, and was, until recently, an Executive Director of Arlington. Ross has gained extensive financial experience spanning a nineteen-year career. He previously worked at Reuters, Deutsche Bank and Merrill Lynch Investment Managers prior to joining Arlington in 2006. In addition to his role at Arlington Ross was a Non-Executive Director of an FCA regulated corporate finance firm, a Guernsey domiciled fund and currently sits on the board of a commercial property investment vehicle which forms part of an asset management group with c. Euro 5 billion under management. Ross has co-managed IPO and RTO transactions on the London markets including the Company's IPO and will play a key role in managing any acquisition made by the Company.

Commenting on Charles' retirement and Ross' appointment, Malcolm Burne, Chairman, said:

"On behalf of the Board and the Company, I would like to thank Charles for his hard work and commitment to the Board and the Company during his five-year tenure. Whilst none of the targets assessed to date have met the Board's investment criteria Charles has worked extensively on the analysis and corresponding negotiations of a significant number of potential transactions. The Board would like to wish him continued success in the future as he focuses on his professional commitments outside of the Company.

At the same time, I welcome and look forward to working with Ross on the Auctus Board and to gaining the benefit of his extensive experience."

There is no further information to disclose in relation to Ross Ainger's appointment in accordance with LR 9.6.13.

Contact:

Mike Dack

+44 (0) 207 389 5010

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

BOAZBLFFBFLBBBF

(END) Dow Jones Newswires

January 10, 2020 09:04 ET (14:04 GMT)

Grafico Azioni Auctus Growth (LSE:AUCT)
Storico
Da Mar 2024 a Apr 2024

Grafico Azioni Auctus Growth (LSE:AUCT)
Storico
Da Apr 2023 a Apr 2024