Coral Products PLC Appointment of Group Operations Director (2592J)

TIDMCRU

RNS Number : 2592J

Coral Products PLC

25 April 2022

Coral Products plc

("Coral" or the "Company")

Appointment of Group Operations Director

Coral Products plc, a specialist in the design, manufacture and supply of plastic products based in Wythenshawe, Manchester is pleased to announce that Philip (Phil) Allen has been appointed as Group Operations Director of the Company with immediate effect.

Mr. Allen brings with him a wealth of experience having worked in the plastics industry for more than 35 years, including for Amco Plastics and Premier Profiles, from 1989 to 2011, before joining Tatra Plastics Limited, a leading manufacturer. Tatra Plastics Limited was acquired by the Group in 2016 and subsequently merged with Rotalac Plastics Limited to form Tatra-Rotalac Limited. Phil was heavily involved in this merger as the Operations Director. He became the Managing Director of Tatra-Rotalac Limited in late 2018 and the Managing Director for Customised Packaging Limited in 2022.

The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.

Philip Michael Allen, age 55 years, is currently a Director of Tatra-Rotalac Limited and Customised Packaging Limited, he has held no other directorships during the 5 years preceding the date of this announcement. He has no shares in Coral Products plc and was awarded 100,000 share options, exercisable at 21p, in May 2017. These options have now vested and are due to expire in May 2027.

There is no further information regarding Mr Allen required to be disclosed pursuant to AIM Rule 17 and Schedule Two (g) of the AIM Rules for Companies.

Executive Chairman, Joe Grimmond, said : "Phil brings with him a wealth of experience across the industry and the Group. He will greatly strengthen our board with his expertise."

For further information please contact:

 
 Coral Products plc            Tel: 07703 
  Joe Grimmond, Executive        51 8148 
  Chairman 
 Nominated Adviser & Broker 
  WH Ireland Limited             Tel: 0207 
  Katy Mitchell                  220 1666 
  Darshan Patel 
  Megan Liddell 
 Capital Markets Consultants   Tel: 07515 
  Limited                       587 184 
  Richard Pearson

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