Board changes

RNS Number : 9924B

React Group PLC

10 April 2017

 

10 April 2017

REACT Group PLC

("REACT" or the "Company)

Board Changes

REACT Group PLC, the specialist provider of rapid response deep cleaning and emergency decontamination services, is pleased to announce the appointment of Steven Metcalfe to the Board of the Company with immediate effect as a non-executive director.

Steven is a former stockbroker with more than 28 years' experience in the financial industry. In 2005, as Head of UK Equities at Hichens Harrison, he was involved in the management buyout and then subsequent sale to Religare Capital Markets. For the last seven years, he has been involved with institutions, hedge funds and high net worth individuals within the regulated arena. Since leaving Investment Banking in mid-2016, he is now using his substantial background and history within the financial and corporate world and has set up a consultancy business that advises SMEs on finance, strategy and growth within their chosen area.

In addition, and as previously notified, non-executive director Simon Woolley has stepped down from the Board with immediate effect. The Company thanks Simon for his support of the Company and would like to wish him success in the future.

Mr Metcalfe's full name is Steven Neil Metcalfe; he is 47 years old.

Stene Investments Limited, a company in which Mr Metcalfe has an interest owns 2,333,333 shares which represents 0.84 per cent. of the Company's issued share capital.

Upon appointment, Mr Metcalfe is to be granted 581,395 options over new ordinary shares of 0.25p at an exercise price of 0.86 pence per share.

Mr Metcalfe currently holds the following directorships/partnerships:

Orogen plc

Big Sofa Technologies Group PLC

Franmet Partners Limited

Stene Investments Limited

Metcalfe Consultancy Limited

Directorships and partnerships held within the last five years:

None

Save for the information set out above, there are no further disclosures to be made in accordance with Rule 17, Schedule 2(g) of the AIM Rules for Companies in respect of the appointment of Steven Metcalfe.

For further information, please contact:

REACT Group plc

Gill Leates - Chairman                                                                                                                          07799 662642

SPARK Advisory Partners Limited

Neil Baldwin                                                                                                                                            0113 370 8974

Mark Brady                                                                                                                                               0113 379 8971

 

END

 

 

BOAUGUQACUPMUMB