FLOWTECH FLUIDPOWER PLC — Board/Management Information 2020

May 12, 2020

National Storage Mechanism | Additional information

RNS Number : 5613M

Flowtech Fluidpower PLC

12 May 2020

Tuesday 12 May 2020
FLOWTECH FLUIDPOWER PLC ("Company") Board Changes
Flowtech Fluidpower plc (AIM: FLO), the leading specialist supplier of technical fluid power components and services, announces that Non-Executive Director and Executive Chairman designate, Bill Wilson, will step down as a director of the Company with effect from the conclusion of the AGM on the 10 June 2020. As a result, we are pleased to announce that Roger McDowell will become Non-Executive Chairman from the 1 August 2020. Roger will initially join the Board as an Independent Director following the AGM before then replacing Malcolm Diamond MBE as Non-Executive Chairman. From the 1 August 2020, the Board will be comprised of Roger McDowell (Non-Executive Chairman), Bryce Brooks (Chief Executive Officer), Russell Cash (Chief Financial Officer), and Malcolm Diamond and Nigel Richens (Non-Executive Directors).  It remains our intention to identify a new Non-Executive Director to join the Board and discussions with a number of potential candidates have commenced.  Following this appointment Malcolm will retire from the Board. Malcolm Diamond MBE, Non-Executive Chairman said: "On behalf of the Board, I would like to thank Bill for his contribution and wish him all the best for the future."

Enquiries to:

Flowtech Fluidpower plc

Malcolm Diamond MBE, Non-Executive Chairman

Bryce Brooks, Chief Executive Officer

Russell Cash, Chief Financial Officer

Tel: +44 (0) 1695 52796

Email info@flowtechfluidpower.com

For more information please visit www.flowtechfluidpower.com.

Zeus Capital Limited (Nominated Adviser and Broker)

Andrew Jones, Kieran Russell (corporate finance)

Dominic King, John Goold (sales & broking)

Tel: +44 (0) 161 831 1512

finnCap Limited (Joint Broker)

Ed Frisby, Kate Bannatyne (Corporate Finance)

Rhys Williams, Andrew Burdis (Sales & Broking)

Tel: + 44 (0) 20 7220 0500

TooleyStreet Communications (IR and media relations)

Fiona Tooley

Tel: +44 (0) 7785 703523 or email: fiona@tooleystreet.com

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