AGM Statement

RNS Number : 0301Z

Cenkos Securities PLC

15 May 2019

 

15 May 2019

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Cenkos Securities plc

("Cenkos" or the "Company")

AGM Statement

Cenkos is holding its annual general meeting (the "AGM") at 9.30 a.m. at 6.7.8 Tokenhouse Yard, London, EC2R 7AS. At the AGM, the Chairman of the meeting will make the following statement in relation to the current year:

"Since the announcement of our 2018 financial results, issued on 26 March 2019, the industry has continued to be impacted by political and market uncertainty which has been detrimental to investors' sentiment. As a consequence, the Company's revenues in the first four months have been less than that in the same period last year. Currently, we are working on several transactions and our potential pipeline gives us optimism for the rest of the year.

As previously announced Anthony Hotson, the Company's current Chief Executive Officer, was to stand down from the Board upon his successor receiving regulatory approval from the FCA.  Given the then expected timing of such approval, Anthony did not seek re-election to the Board at this year's AGM and therefore his tenure as Executive Director and to the position of Chief Executive Officer will cease at the conclusion of the AGM.  Regulatory approval has, however, not yet been received for his successor, Jim Durkin, and the regulatory approval process remains ongoing. Accordingly, the Board intends to re-appoint Anthony Hotson as an Executive Director and to the position of Chief Executive Officer shortly after the AGM on the basis that Anthony will step down from this position once his successor is approved. 

On 11 March 2019, the Board announced the appointment of Jeremy Miller as an additional Non-Executive Director subject to receiving regulatory approval from the FCA, this approval process is also continuing."

For further information, please contact: 

Cenkos Securities plc          Jeff Hewitt, Acting Non-Executive Chairman	Tel: [phone]
SPARK Advisory Partners Limited Matt Davis, Nominated Adviser	Tel: [phone]
Whitman Howard Limited Nick Lovering, Broker	Tel: [phone]
Buchanan Communications David Rydell, PR Adviser	Tel: [phone]

 

END

 

 

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