Alfa Financial Software Hldgs PLC Directorate Change (6956S)

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RNS Number : 6956S

Alfa Financial Software Hldgs PLC

07 November 2019

7 November 2019

Alfa Financial Software Holdings PLC

Resignation of a Director

Alfa Financial Software Holdings PLC ("Alfa" or the "Company"), a leading developer of mission critical software for the asset finance industry, announces that David Stead has decided to resign from his role as Non-Executive Director of the Company. David has concluded that the time commitment required for the role is greater than he is able to offer alongside his other commitments. David will leave the Board on 6(th) December 2019.

Andrew Page, Alfa's Chairman, commented: "We are sorry that David has decided to stand down from the Board, but understand his reasons for doing so. We would like to thank David for his contribution during his time with us and we will miss him. A search for a replacement is under way. We will continue to strengthen and enlarge our high quality, balanced board, which will include a CFO as previously announced. Further announcements will follow in due course."

The Remuneration Committee will be chaired by Chris Sullivan, Senior Independent Director, following David Stead's departure.

Enquiries

 
 Alfa Financial Software Holdings 
  PLC 
  Andrew Denton, Chief Executive 
  Officer 
  John Miller, Interim Chief 
  Financial Officer 
  Andrew Page, Executive Chairman    +44 (0)20 7588 1800 
 Tulchan Communications LLP 
  James Macey White 
  Matt Low                           +44 (0)20 7353 4200

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