Resignation of Director and T

RNS Number : 1609G

Clarity Commerce Solutions PLC

26 January 2010

 



CCS.L

Clarity Commerce Solutions plc

('Clarity'', the "Company" or the "Group")

Resignation of Director and Trading Update

Clarity, a leading supplier of software solutions for the hospitality, retail, leisure and entertainment sectors, announces the resignation of Chris Ford, the Company's Chief Financial Officer, with immediate effect.

Chris Ford, who joined the Group full time in August 2009, advised the Company on Monday 25 January 2010 that he had been notified of the intention of the Serious Fraud Office to charge him with certain matters in connection with their investigations into Torex Retail plc dating back to 2006.  

Reflecting on this matter overnight, Chris Ford has decided to resign with immediate effect in order to devote his energies into defending against the allegations, which he has firmly stated to be without foundation. The Company has reluctantly agreed to accept his resignation.

Commenting on the above statement, Ken Smith, Clarity's CEO said:-

 "Chris, who joined our business last summer was a well-liked, competent member of our team.  We are shocked by these developments and wish him well with his intention to defend against these allegations".

Trading Update

The Company has a number of potential significant new contract wins pending which it hopes to be able to announce shortly. These opportunities along with other recent wins underpin the Board's expectation that the Group's year end results will be in line with market expectations.  

  Enquiries: 

Clarity Commerce Solutions plc	01256 365150
Ken Smith, CEO
Arbuthnot Securities	020 7012 2000
Alasdair Younie/Ben Wells
Biddicks	020 7448 1000
Shane Dolan

 

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