Directorate Change

RNS Number : 5378O

600 Group PLC

10 February 2021

 

Prior to publication, the information contained within this announcement was deemed by the Group to constitute inside information. With the publication of this announcement, this information is now considered to be in the public domain.

10 February 2021

The 600 Group PLC

Directorate Change

The 600 Group PLC (the "Group"), the diversified industrial engineering company (AIM: SIXH), announces that G. Mitchell (Mitch) Krasny, Chief Financial Officer, has stepped down as a director of the Group with immediate effect by mutual agreement.

A formal process to identify a successor has been initiated and the Group's robust subsidiary level finance functions remain unaffected by this directorate change. Until such time as a CFO is appointed, the Group's finance function will be headed by senior non-board Group finance personnel.

Further announcements will be made, as appropriate, in due course.

Enquiries:

The 600 Group PLC Paul Dupee, Executive Chairman	Tel: [phone]
Instinctif Partners Mark Garraway Rosie Driscoll	Tel: [phone]
Cenkos Securities plc (Nominated Adviser and Broker) Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen (Sales)	Tel: [phone]

About The 600 Group PLC

The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principle areas of activities:

Machine Tools

The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and a global distribution network.

Precision Engineered Components

Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products are sold via specialist distributors to OEMs, including other machine builders.

Industrial Laser Systems

Industrial laser systems cover laser marking and processing including cutting, drilling, ablation and a host of other niche applications in the marking and micro machining sectors. They require no consumables and can operate on a continuous high speed basis and can be integrated into customers' production lines. The businesses have their own technology and proprietary software. Customer applications are diverse and range from aerospace to medical and pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.

More information on the Group can be viewed at:  www.600group.com    

 

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