Appointment to the Board

RNS Number : 2132O

Norish PLC

08 October 2012

 

Norish plc ("Norish" or the "Company")

Director appointment

Norish announces that Mr Seán Savage will join the Board as a Non-Executive Director, with immediate effect.

Mr. Savage (age 66) has extensive management experience in the food industry, having started his career in 1970 with Cadbury plc, where he worked as a plant manager and supervisor across a number of Cadbury's Irish plants. He was general manager of Manor Farm Chickens from 1985 to 1994, before establishing Eatwell UK in 1995 which developed the award winning "Pressure Pack Cooking" system for use in microwaves. Seán sold the company to Goodman Group in 2003 and remained with the company until 2004. In 2005, Seán established Deasuin Teoranta, a food and environmental investment consultancy practice, which has undertaken projects on behalf of Enterprise Ireland amongst others. Seán graduated from University College Cork with a degree in Dairy Science in 1970.

Following the purchase of 833,333 ordinary shares at 30p per share in the recent placing Mr. Savage has a disclosable interest in 833,333 ordinary shares in Norish, representing 8.21% of the issued share capital of the Company. Following this appointment, the Board of Norish will comprise six Directors, three non-executive and three executive.

The directorships and partnerships held by Mr Savage now and over the five years preceding the date of appointment are as follows:

Current Directorships	Directorships in the past 5 years
Deasuin Teoranta	Terralift Ireland Limited
Ashbrook Farm Limited	43 Hawthorn Lane Management Company Limited (UK)

Save as set out above, there is no additional information under Schedule 2, paragraph (g) of the AIM Rules for Companies which needs to be disclosed.

Enquiries:

Norish plc                                     

Aidan Hughes, Finance Director

Tel: + 44 1293 862 498

Davy Corporate Finance                             Tel: [phone]

Ivan Murphy / Anthony Farrell

About Norish plc

Norish is a leading warehousing company dedicated to serving the food manufacturing, wholesale and retail sectors within the UK. Norish currently operates eight strategically located temperature-controlled storage centres in the UK, each of which provides storage, freezing, picking, order assembly services to food companies engaged in processing, supply, wholesaling and retailing. Norish operates from eight sites and provides in excess of 75,000 racked pallet spaces, of which 60,000 are temperature-controlled. On 19 September 2012, Norish announced that it had conditionally agreed to acquire the entire issued share capital of Townview Foods Limited, a meat trading business based in Northern Ireland. The acquisition was approved by shareholders at the EGM held on 5 October 2012. Norish shares are traded on the AIM market of the London Stock Exchange.

 

END

 

 

BOALLFFRIFLTIIF