REDCENTRIC PLC — Board/Management Information 2018

Nov 22, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 1402I

Redcentric PLC

22 November 2018

22 November 2018

Redcentric plc

("Redcentric" or the "Company")

Board Changes

Redcentric today announces the resignation of Chris Jagusz both from the Board and as Chief Executive, effective immediately.  Peter Brotherton, Chief Financial Officer, will assume Chief Executive responsibilities while a formal process to appoint a permanent Chief Executive is carried out. 

Chris Cole, Chairman, commented:

"The results announcement today, whilst showing Redcentric's resilience, does not demonstrate progress with regard to sales, delivery and execution.  The Board has therefore decided that Redcentric's growth ambitions would be better served with a change of leadership.  We have therefore taken the decision that Chris Jagusz will leave us forthwith. We would like to thank Chris for his efforts.''

Enquiries:

Redcentric plc	Via Tulchan Communications
Chris Cole, Chairman
Peter Brotherton, Chief Financial Officer
Numis Securities - NOMAD & Joint Broker	+44 (0) 20 7260 1000
Simon Willis / Oliver Hardy
finnCap Ltd - Joint Broker	+44 (0) 20 7220 0500
Stuart Andrews / Rhys Williams
Tulchan Communications	+44 (0) 207 353 4200
James Macey White / Matt Low

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

BOAFKDDPCBDDODB