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ALYWed, 11th Sep 2019 13:59
(Alliance News) - Retailer Laura Ashley Holdings PLC on Wednesday said that Non-Executive Director Wong Nyen Faat will not seek re-election and intends to step down from his posit at the company's annual general meeting scheduled on October 9.
Faat is the chief operating officer of Malaysia-based MUI Group, Laura Ashley's parent.
London-listed shares in Laura Ashley were trading 5.0% higher at 1.81 pence each on Wednesday afternoon.
* 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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