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ALYFri, 27th Jul 2018 17:42
LONDON (Alliance News) - Laura Ashley Holdings PLC said Friday that its deputy chairman will not seek re-election at the company's October annual general meeting.
David Masters, who is both deputy chairman and an independent non-executive director at Laura Ashley, has made the decision "due to personal obligations". No successor has been named.
Shares in Laura Ashley closed down 1.5% at 4.36 pence on Friday.
* First-half pretax profit jumps 14.9 pct to 8.5 mln stg * Sales rise 4.9 pct to 144 mln stg * Comparable sales in first 5 weeks of second half up 8 pct * Shares rise as much as 11 pct; among top pct gainers (Adds CFO, analyst comments; updates share movement) By Roshni
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