9 Aug 2019 07:00
9 August 2019
Porta Communications PlcDirectorate Change
The Board of Porta Communications Plc (AIM: PTCM) announces that Rhydian Bankes is stepping down from the Board and as Chief Financial Officer of the Group with immediate effect and will remain with the Group until 1 November 2019.
He will continue to assist with the completion of the merger of the Group with SEC S.p.A., which is expected to become effective on 3 September 2019, and the orderly transfer of his responsibilities.
Commenting, John Foley, Chairman, said:
"On behalf of the Board, I would like to take this opportunity to thank Rhydian for his many significant contributions to the Group since joining in January 2016. He has been a valued member of the team and leaves us in a strong position as we embark on this next chapter in our story as SEC Newgate S.p.A. We wish him every success in the future."
A further announcement will be made in due course regarding the role of Group Chief Financial Officer.
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Enquiries to:
Porta Communications Plc
Brian Tyson, Joint CEO
Emma Kane, Joint CEO
www.portacomms.com
+44 (0) 20 7680 6500
Newgate Communications (Media Enquiries)
Bob Huxford
Adam Lloyd
+44 (0) 20 7680 6550
porta@newgatecomms.com
Grant Thornton UK LLP (Nominated Adviser)
Samantha Harrison
Ben Roberts
Seamus Fricker
+44 (0) 20 7383 5100
N+1 Singer (Broker)
Mark Taylor
Lauren Kettle
+44 (0) 20 7496 3000