5 Mar 2012 15:20
5 March 2012
Insetco plc
("Insetco" or the "Company")
Statement regarding share price movement & Potential Board changes
Insetco notes the recent movement in the Company's share price and confirms that the Company is currently in the process of considering changes to the composition of the Board of directors to resolve a dispute over the management and strategy for the Company between the Mr Clive Cooke, Chief Executive and Mr Sanjeev Joshi, Executive Director.
A shareholder circular and notice of general meeting will be sent to shareholders shortly, at which, shareholders will be asked to consider certain resolutions in respect of the Board's composition.
A further announcement will be made shortly.
Enquiries:
Insetco plc
Clive Cooke
Sanjeev Joshi 020 7887 7840
Charles Stanley Securities
Nominated Adviser
Russell Cook / Darren Vickers 020 7149 6000