Directorate Change

RNS Number : 4104J

Orchard Funding Group PLC

04 December 2018

 

Orchard Funding Group PLC

("Orchard Funding Group" or the "Company")

Directorate Change

Orchard Funding Group PLC, the finance company which specialises in insurance premium finance and the professions funding market, announces that Iacovos Koumi, Independent Non-Executive Director, has resigned from the board of Directors of the Company (the "Board"), with immediate effect. His resignation is due to personal reasons, however Iacovos will remain available to advise the Company in its plans for becoming a bank during 2019.

Gary Jennison, Non-Executive Chairman of Orchard Funding Group, commented:

"We thank Iacovos for his contributions to the Company since his appointment in February 2017, where we has brought valuable banking and finance experience to the Board and played a key part in assisting with the banking licence process. We are pleased that he will remain available to the Company in an advisory capacity. Subject to receiving the banking licence, it is the Board's intention to make a further Independent Non-Executive Director appointment in due course."

For further information:

Orchard Funding Group PLC                                                                        [phone]

Ravi Takhar, Chief Executive Officer

finnCap Limited (Nomad and Broker)                                                        [phone]

Jonny Franklin-Adams (Corporate Finance)

Emily Watts (Corporate Finance)

For Investor Relations please go to: www.orchardfundinggroupplc.com

 

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