Aukett Swanke Group PLC Directorate Change and Trading Update (3126J)
March 29 2018 - 2:02AM
UK Regulatory
TIDMAUK
RNS Number : 3126J
Aukett Swanke Group PLC
29 March 2018
Aukett Swanke Group Plc
Board changes and trading update
Aukett Swanke Group Plc (the "Group"), the international group
of architects and interior designers announces the following board
changes today:
Andrew Murdoch and Nick Pell are stepping down from the Group
board effective today in order to focus on their roles within the
Group's operations. Andrew is to take up the role of Chairman in
our Middle East business and will be based full time in Dubai. His
role will encompass high level business development and client
marketing in support of our growing platform in the region. Nick
remains in the UK business with the remit to expand our
international network of clients particularly focusing on Russia
and China in the interior design market.
Robert Fry who is currently a Managing Director in our
international business will join the board effective today. Robert
has extensive experience as a registered architect and was formerly
Managing Director in Swanke Hayden Connell Europe. Robert's current
responsibility is the oversight and management of our Continental
European business, a role he retains. On the board Robert will be
part of the team looking at our longer term development in each of
our business hubs along with the CEO and CFO.
Our Chairman, Anthony Simmonds, has indicated that he intends to
retire in March 2019 and accordingly does not intend to stand for
re-election at the 2019 AGM. The Board will be looking to
appointing a new Chairman in due course and will also be seeking to
increase the non-executive directors to three in number.
These changes achieve part of the Group's longer term strategy
to restructure the Board in order to balance the executive and
non-executive representation and to provide for future
succession.
At the AGM due to take place at 10.00 am today the following
update on trading will be provided:
Consistent with both the Chairman's statement and the Strategic
Report at the time of the 2017 results' announcement in January we
continue to anticipate that 2018 overall will be loss making,
particularly in the UK. We expect a larger loss in the first half
compared to last year, followed by a profit in the second half.
Enquiries
Aukett Swanke Group Plc
Nicholas Thompson, Chief
Executive Officer
Beverley Wright, Chief
Financial Officer 020 7843 3000
finnCap
Corporate Finance: Julian
Blunt/Giles Rolls
Corporate Broking: Alice
Lane 020 7220 0500
Investor/Media
Ben Alexander 07926 054111
Additional Information
In accordance with the AIM Rules, the following information
required to be disclosed in relation to Robert Fry is set out
below. Other than this information, there is no further information
required to be disclosed under paragraph (g) of Schedule Two of the
AIM Rules.
Full name and age
Robert Stanley Fry aged 61
Current beneficial shareholding in the Group
2,150,000 ordinary shares representing 1.3% of the issued share
capital
Current Directorships and Partnerships
Swanke Hayden Connell Europe Limited
Swanke Hayden Connell International Limited
Aukett Swanke 'OOO' (LLC)
Swanke Hayden Connell Mimarlik Anonim Sirketi
Kentish Gardens Estate Management Ltd
Former Directorships (previous five years)
None
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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