Company Update

RNS Number : 2278A

Eddie Stobart Logistics PLC

17 January 2020

 

17 January 2020

Eddie Stobart Logistics plc

Company Update

Eddie Stobart Logistics plc (the "Company") has been informed that Anoop Kang has resigned from the board of Greenwhitestar Acquisitions Limited (GWSA), a company in which the Company has a 49 per cent indirect holding. Anoop, who became Chief Financial Officer of Eddie Stobart Logistics plc in April 2019, stepped down in December 2019 from the Board of the Company to act as CFO for GWSA. He will leave GWSA in mid-April after a hand over period.

Following completion of the recent transaction with Douglas Bay Capital Fund III LLP (DBAY), GWSA, which indirectly holds 100 per cent of the interests in the trading entities which were formerly subsidiaries of the Company, is now indirectly majority owned by DBAY. 

The Board thanks Anoop for his strong contribution to the Company through its recent challenging period.

The Company continues to work to finalise the interims and a further announcement will be made in due course.

Further Enquiries
FTI Consulting	(0)20 3727 1340
Nick Hasell / Alex Le May / Matthew O'Keeffe
Cenkos Securities Plc (Nomad & Joint Broker)	(0)20 7397 8900
Nicholas Wells / Giles Balleny / Harry Hargreaves
Berenberg (Joint Broker)	(0)20 3207 7800
Chris Bowman / Toby Flaux / Simon Cardron

 

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