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29 Jun 2012 16:03
Corero Network Security plc
("Corero" or the "Company")
Director change
Corero Network Security plc (AIM: CNS), the network security and business software provider, has received notice that CrossHill Debt II L.P. and CrossHill Georgetown Capital L.P. ("CrossHill") no longer wish to exercise their right to be represented by a non-executive director on the Board of Corero. As a result Mr Stephen Graham, non-executive director, will resign with effect from 30 June 2012.
Mr Graham was appointed in March 2012 following CrossHill exercising its rights to appoint a non-executive director under the terms of the acquisition of Top Layer Networks Inc. CrossHill retains the right to appoint a non-executive director in the future.
The Company has commenced a process to recruit an additional independent non-executive director and will make an announcement on this in due course.
Jens Montanana, Chairman of Corero, commented "I would like to thank Stephen Graham for his contribution to the Board and thank CrossHill for their continued support as a shareholder and loan note holder."
Corero Network Security plc will be publishing a trading update for the 6 months to 30 June 2012 at the end of July and announcing its interim results in early September 2012.
Enquiries:
Corero Network Security plc | |
Andrew Miller, Group Chief Operating Officer | Tel: 01923 897 333 |
FinnCap | |
Sarah Wharry/Henrik Persson | Tel: 020 7220 0500 |
Walbrook PR | Tel: 020 7933 8780 |
Paul McManus (Media Relations) | Mob: 07980 541893 or paul.mcmanus@walbrookpr.com |
Paul Cornelius (Investor Relations) | Mob: 07827 879 460 or paul.cornelius@walbrookir.com |
About Corero Network Security plc
Corero Network Security plc consists of two businesses: Corero Network Security and Corero Business Systems.
Corero Network Security is an international network security company and the leading provider of Distributed Denial of Service (DDoS) defence and Intrusion Prevention System (IPS) solutions. Corero's products and services provide comprehensive, integrated, high-performance protection against constantly evolving network-borne cyber threats. Customers include enterprises, service providers and government organisations worldwide. Corero's appliance-based solutions are highly adaptive and preemptively respond to modern cyber attacks, known and unknown, protecting critical information and online assets. Corero's products have superior performance, are highly scalable, and feature the lowest latency and best reliability in the industry.
Corero Business Systems is a leading provider of powerful and dynamic modular accounting, human resources, payroll and management information software to the schools (including academies) and further education sectors in the UK and internationally.
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