Directorate Change

Trifast PLC

22 February 2024

 

London:  Thursday, 22 February 2024

TRIFAST PLC

(Trifast, Group or Company)

Leading international specialist in the design, engineering, manufacture, and distribution

of high-quality industrial fastenings and Category 'C' components principally to major global assembly industries

Directorate change

The Company announces that Darren Hayes-Powell, Chief Financial Officer and Executive Director has, by mutual agreement left the business with immediate effect.  The Board thanks him for his contribution since he joined in December 2022, and wishes him well.

Kate Ferguson, the Group Financial Controller will assume the role of interim CFO, while the Board commences an executive search process for a permanent replacement.  Senior Independent Non-Executive Director, Clive Watson will, as required, support Kate and the Finance function during this period.  Kate joined the business in August 2023 and has more than 20 years' experience in finance, IT support, administration and facilities management having worked across a variety of industries both in the UK and overseas.

Market conditions remain as described in the Group's announcement released on the 22 January 2024 and as we indicated at this time, we will be providing more detail on the Group's restructuring, strategic plans and progress in July when the Company is scheduled to release its annual results for the year ended 31 March 2024.

Enquiries please contact:

Trifast plc

Serena Lang, Non-Executive Chair

Iain Percival, Chief Executive Officer

Office: [phone]

Email: [e-mail]

Shareholders: [e-mail]

Peel Hunt LLP (Stockbroker & financial adviser)

Mike Bell

Tel: [phone]

TooleyStreet Communications (IR & media relations)

Fiona Tooley

Tel : [phone]

Email: [e-mail]

Editors' notes

About Trifast plc LSE: Main Market Premium Listing; Ticker TRI Founded in East Sussex in 1973, TR is a leading international specialist in the design, engineering, manufacture, and distribution of high-quality industrial fastenings and Category 'C' components principally to major global assembly industries. The Group supplies to customers in c.70 countries across a wide range of industries, including light vehicle, heavy vehicle, health & home, energy, tech, & infrastructure (ET&I), general industrial and distributors. As a full-service provider to multinational OEMs and Tier 1 companies spanning several sectors, we deliver comprehensive support to our customers across every requirement, from concept design through to technical engineering consultancy, manufacturing, supply management and global logistics. As an international business we are able to provide 24/7 customer support from across key regions in the UK, Asia, Europe and North America. In addition to our service locations we operate a number of manufacturing facilities focused on high volume cold forged fasteners and special parts. We have also established Technical & Innovation Centres to support R&D and customer collaboration across the world. For more information, visit our Investor website: www.trifast.com Commercial website: www.trfastenings.com  LinkedIn: www.linkedin.com/company/tr-fastenings Twitter: www.twitter.com/trfastenings Facebook: www.facebook.com/trfastenings Trifast, TR and TR Fastenings are registered trademarks of the Company LEI number: 213800WFIVE6RWK3CR22

 

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