Carclo Regulatory News (CAR)



26 March 2015

Carclo plc ("Carclo")

Board changes

The board announces that Bill Tame will retire from the Carclo plc board at the end of March 2015 after nine years as senior non-executive director and chairman of the audit committee, during which time he made a substantial contribution to the strategic direction of the company.

The board is also pleased to announce that Peter Slabbert has been appointed to the board as senior non-executive director and chairman of the audit committee with effect from 1 April 2015. He has been Chief Executive of Avon Rubber plc ("Avon") since April 2008. He joined Avon as Group Financial Controller in May 2000 and he was appointed Group Finance Director on 1 July 2005. A Chartered Accountant, Peter joined from Tilbury Douglas where he was Divisional Finance Director and Group Financial Controller. Prior to that, he worked at Bearing Power International as Finance Director.

There are no further disclosures relating to Peter Slabbert required under paragraph 9.6.13R of the Listing Rules.

In addition the board announces that Eric Cook will retire as company secretary at the end of March. Eric has been company secretary since 1997. Richard Ottaway, currently Carclo's group financial controller, will be appointed company secretary with effect from 1 April 2015.

Notes to editors

Carclo plc is a public company whose shares are quoted on the London Stock Exchange.

Carclo's strategy is to develop and expand its key manufacturing assets where there remain significant further opportunities to drive value. To enhance profit margins the group has been investing in new technologies.

Approximately three fifths of revenues are currently derived from the supply of fine tolerance, injection moulded plastic components, mainly for medical products. The balance of revenue is derived mainly from the design and supply of specialised injection moulded LED based lighting systems to the low volume premium automotive industry.