Celtic Regulatory News (CCP)

25 August 2015

CELTIC PLC (the "Company")

Resignation of Eric Riley as financial director and appointment as non-executive director

The directors of the Company wish to announce the resignation of Eric Riley as financial director of the Company with effect from 31 December 2015. Eric, who was diagnosed with Parkinson's disease and prostate cancer in 2011, has been finance director for over 21 years.

To assist with a smooth transition to a new financial director, with effect from 1 January 2016 Eric will be appointed as a non-executive director of the Company. Eric will fulfil this role until 30 June 2016 at which point he will step down as a non-executive director of the Company. Eric will also remain as a non-executive director of The Celtic Football and Athletic Company Limited.

The Company is in the process of identifying and recruiting a suitable replacement for Eric as financial director and will make further announcements in this regard in due course. 

Commenting on the announcement, Chairman, Ian Bankier said: "We would like to thank Eric for his huge commitment to the Company as financial director. Eric has served Celtic with distinction for over 21 years and will continue to do so until his retirement from the Company. During his time here, he has played a vital role in the development and growth of the Company and has also made a very meaningful and unstinting contribution to the successful promotion of the game in Scotland. We are grateful that Eric has agreed to stay on the board until the end of the financial year. The Company and the new financial director will greatly benefit from his knowledge and experience during this period".

Enquiries:

Michael Nicholson, Company Secretary, Celtic plc 0141 551 4298Canaccord Genuity Limited, Nominated AdviserBruce Garrow 020 7523 8350