Update on Board Changes

RNS Number : 1723D

Abal Group PLC

24 June 2019

 

24 June 2019

Abal Group plc

 (the "Company")

(AIM: ABAL)

Update on Board Changes

Further to the Company's announcement made on 1 April 2019 regarding the Company's proposed appointment of an additional non-executive Director, the Company announces that the individual concerned has been appointed as an independent consultant to the company to provide it with a view and assistance on a potential opportunity in the fintech sector. The Directors consider that the input to be provided by that individual would be better coming from him as an independent consultant rather than as a Director. No adverse matters arose following the due diligence in respect of the individual concerned.

The Company will update shareholders in due course in relation to its progress to undertake a potential transaction in accordance with AIM Rule 15.

Enquiries:

Abal plc	Tel: [phone]
Simon Charles
WH Ireland NOMAD and Broker	Tel: [phone]
Mike Coe / Chris Savidge
Peterhouse Corporate Finance (Joint broker)	Tel: [phone]
Lucy Williams / Duncan Vasey

 

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