Directorate Change

Coral Products PLC

12 November 2024

 

Coral Products Plc

("CRU" or the "Company")

Directorate Change

Coral Products plc, a group of specialist businesses in the design, UK manufacture and omni-channel supply of a wide range of bespoke plastic products based in Wythenshawe, Manchester, announces the resignation from the Board of Phil Allen, Division MD - Rigids, with immediate effect.

The position of Division MD - Rigids will not be replaced, and Phil's duties will be overseen by Ian Hillman, Group COO.  The Group is committed to resetting the cost base of the business in order to be better positioned to operate in the ongoing challenging economic conditions.

Joe Grimmond, Chairman of Coral Products, expressed appreciation for Phil's service, stating, "On behalf of everyone, I would like to thank Phil for his commitment to the Coral group of businesses and wish him well on his future endeavours."

For further information, please contact: Coral Products plc Joe Grimmond, Chairman  Tel: [phone] Nominated Adviser & Broker Cavendish Capital Markets Limited Adrian Hadden (Corporate Finance) Charlie Combe (ECM) Tel: [phone] Financial PR Novella Tim Robertson/Safia Colebrook Tel: [phone]

This announcement has been posted to: https://coralproducts.com/

 

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