FBD Holdings PLC Appointment of Director (1906G)
August 03 2016 - 12:24PM
UK Regulatory
TIDMFBH
RNS Number : 1906G
FBD Holdings PLC
03 August 2016
FBD Holdings plc
3 August 2016
Board Appointment
FBD Holdings plc ("FBD") is pleased to announce the following
appointment to the Board, subject to the approval of Shareholders
at an Extraordinary General Meeting of the Company to be convened
for this purpose.
Ms. Mary Brennan
Ms. Mary Brennan has been appointed as an independent
non-executive Director. Ms. Brennan is a Chartered Director and a
Fellow of Chartered Accountants Ireland. In a career spanning over
30 years, Ms. Brennan has worked internationally in audit in a
number of publicly listed companies, including Elan plc and
Occidental Petroleum Corp. She is currently a non-executive
Director of BNP Paribas Ireland where she also chairs the Audit
Committee, and is an experienced non-executive Director of a number
of life and non-life reinsurance companies.
Subject to her appointment being approved by shareholders, Ms.
Brennan will also join the Audit Committee.
The Chairman, Mr. Michael Berkery, said:
"I am delighted to announce this further appointment to the
Board, which is subject to the approval of Shareholders. Ms.
Brennan will bring new skills and wide international experience to
the Board and the Audit Committee and I expect that her input will
be of great value to the Board and to the Group."
Requirement for an Extraordinary General Meeting ("EGM")
An EGM is to be convened to satisfy the requirement of Listing
Rule 6.9 (1) of the Irish Stock Exchange which provides "A listed
company must ensure that at all times not more than one third of
its board of directors is composed of persons who have been
co-opted to the board." The appointment of Ms. Brennan would, when
taken with the appointments of Mr. Dermot Browne, Mr. David
O'Connor and Mr. John O'Grady, which were made and announced
earlier this year, bring the proportion of co-opted Directors above
this threshold.
The formal convening of the Extraordinary General Meeting and
the posting of the Circular to shareholders will be the subject of
a separate announcement shortly.
Ends
Disclosures required under the Listing Rules
FBD confirms that:
1. There are no details requiring disclosure in respect of Ms.
Brennan under listing rule 6.6.7 (2) to (6) of the Irish Stock
Exchange; and
2. There are no details requiring disclosure in respect of Ms.
Brennan under listing rule 9.6.13 (2) to (6) of the UK Listing
Authority.
For Reference Telephone
FBD Holdings plc
Conor Gouldson, Company
Secretary +353 1 409 3208
Powerscourt
Jack Hickey +353 83 4488 339
FBD Holdings plc FBD House, Bluebell, Dublin 12
Registered in Dublin, Ireland Registered Number
135882
This information is provided by RNS
The company news service from the London Stock Exchange
END
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