Information  X 
Enter a valid email address

Eddie Stobart (ESL)

  Print      Mail a friend

Friday 17 January, 2020

Eddie Stobart

Company Update

RNS Number : 2278A
Eddie Stobart Logistics PLC
17 January 2020
 

17 January 2020

 

Eddie Stobart Logistics plc

 

 

Company Update

 

 

Eddie Stobart Logistics plc (the "Company") has been informed that Anoop Kang has resigned from the board of Greenwhitestar Acquisitions Limited (GWSA), a company in which the Company has a 49 per cent indirect holding. Anoop, who became Chief Financial Officer of Eddie Stobart Logistics plc in April 2019, stepped down in December 2019 from the Board of the Company to act as CFO for GWSA. He will leave GWSA in mid-April after a hand over period.

 

Following completion of the recent transaction with Douglas Bay Capital Fund III LLP (DBAY), GWSA, which indirectly holds 100 per cent of the interests in the trading entities which were formerly subsidiaries of the Company, is now indirectly majority owned by DBAY. 

 

The Board thanks Anoop for his strong contribution to the Company through its recent challenging period.

 

The Company continues to work to finalise the interims and a further announcement will be made in due course.

 

 

 

Further Enquiries




FTI Consulting

(0)20 3727 1340

Nick Hasell / Alex Le May / Matthew O'Keeffe




Cenkos Securities Plc (Nomad & Joint Broker)

(0)20 7397 8900

Nicholas Wells / Giles Balleny / Harry Hargreaves




Berenberg (Joint Broker)

(0)20 3207 7800

Chris Bowman / Toby Flaux / Simon Cardron


 


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 [email protected] or visit www.rns.com.
 
END
 
 
RDNKZGMMVNZGGZM

a d v e r t i s e m e n t