Autins Group PLC Resignation of Director (7706H)
March 15 2018 - 3:01AM
UK Regulatory
TIDMAUTG
RNS Number : 7706H
Autins Group PLC
15 March 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
15 March 2018
Autins Group plc
(the "Company" or the "Group")
Resignation of Director
Autins Group plc (AIM: AUTG), a leading designer, manufacturer
and supplier of acoustic and thermal insulation solutions for the
automotive sector announces that Michael Jennings, Chief Executive,
gave notice yesterday of his intention to resign. Michael has
informed the Board that he has been approached by the new private
equity owners of Hydro International Limited to re-join that
company as its Chief Executive, having previously held this
position prior to joining Autins.
Michael will continue as Chief Executive during his notice
period, of up to twelve months, in order to ensure the continued
smooth running and orderly handover of the business, whilst the
Board undertakes a formal search process to recruit his
successor.
Adam Attwood, Non-Executive Chairman, commented:
"During his tenure as Chief Executive, Michael has significantly
improved the organisation, processes and detailed plans that are
required to deliver the future growth from market penetration and
customer diversification which underpins and remains the Company's
strategic objective."
As announced in the Company's AGM trading update, the interim
results for the six months ending 31 March 2018 will be announced
in June 2018.
For further information please contact:
Autins Group plc Via Newgate
Adam Attwood, Non-Executive
Chairman
Michael Jennings, Chief
Executive
James Larner, CFO
Cantor Fitzgerald Europe Tel: 020 7894 7000
(Nominated Adviser and
Broker)
Philip Davies
Will Goode
Newgate Communications Tel: 020 7653 9850
(Financial PR)
Adam Lloyd
Ed Treadwell
James Browne
About Autins
Autins specialises in the design, manufacture and supply of
acoustic and thermal insulation solutions primarily in the
automotive sector but with an increasing focus on other sectors,
including flooring, building and wider industrial applications.
The Group is one of the leading suppliers of noise and heat
management products in the automotive market, producing and
supplying over two million parts per month to customers including
some of the world's leading vehicle manufacturers.
This information is provided by RNS
The company news service from the London Stock Exchange
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