Last checked at 13 Feb 2014 12:00
13 February 2014
ALLOCATE SOFTWARE PLC
("Allocate" or "the Company")
Directorate Change
Allocate Software plc (AIM: ALL), the leading provider of workforce and compliance optimisation solutions, announces that its CFO, Chris Gale, has informed the Board that he intends to step down from the Board and from his position as Chief Financial Officer later in the year to pursue other business interests. Chris will remain with the Company during his notice period to assist with an orderly transition and to support the Company through its financial year end.
The Company will provide a further update in due course once a replacement CFO search process has been concluded.
Commenting on the announcement, Terry Osborne, Chairman of Allocate, said:
"On behalf of the Board, I want to thank Chris for his considerable contribution to Allocate's growth and success over the last 4 years. During his tenure as CFO the Company has made significant changes which greatly strengthened its business model and much improved its business systems and IT infrastructure. Allocate's excellent financial health owes much to Chris and we all wish him well for the future."
Enquiries:
Allocate Software plc Terry Osborne - Chairman Ian Bowles - Chief Executive Officer
| Tel: +44 (0) 20 7355 5555 |
Numis Securities Nominated adviser - Simon Willis / Richard Thomas Corporate Broking - James Black
| Tel: +44 (0) 20 7260 1000 |
FTI Consulting Matt Dixon / Chris Lane | Tel : +44 (0) 20 7831 3113
|
About Allocate Software plc
Allocate Software is the leading workforce and corporate governance software solutions provider for world-wide organisations with large, multi-skilled workforces. With a blue chip client base spanning the public and private sector, its key vertical markets include Healthcare and Defence.
The experience and in-depth knowledge gained in the UK and internationally has enabled Allocate to invest in developing innovative solutions that are relevant to the constantly evolving market needs of its customers. At the core of the business is Allocate's workforce optimisation software, which streamlines the whole workforce management of multi-disciplinary groups, across diverse locations.
Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.
Allocate is quoted on the London Stock Exchange (AIM: ALL).