8 Aug 2017 07:00
Strictly embargoed until 07.00, 8 August 2017
Real Good Food plc
("Real Good Food" or "the Company")
Board Changes
Real Good Food plc (AIM: RGD) the diversified food business, is pleased to announce the appointment of Harveen Rai as Finance Director and Company Secretary of the Company with effect from 14 August 2017. Harveen Rai will replace David Newman, who will be stepping down from the Board with immediate effect but who will remain with the Company for a period of time in order to ensure an orderly handover.
The Company also announces the appointment of Hugh Cawley as Non-Executive Director of the Company with immediate effect. Furthermore Pieter Totté, Executive Chairman of the Company, has resigned from the Company and stepped down from the Board with immediate effect.
Pat Ridgwell, Non-Executive Director has assumed the role as Interim Chairman until a permanent Chairman can be appointed and Christopher Thomas, currently a Non-Executive Director has assumed the role of Executive Director.
Harveen has approximately 20 years of experience, predominately in fast moving consumer goods listed companies. She was previously Chief Financial Officer at Arzyta UK Holdings Ltd ("Arzyta"), where she was involved in implementing and streamlining the processes and controls of the company. During her time at Aryzta, Harveen was also involved in developing and strengthening the regional finance teams to grow in line with the needs of the business. Prior to her time at Aryzta, Harveen spent over 10 years working at LSG Sky Chefs, a global airline catering company which is owned by Lufthansa, listed on the German Stock Exchange. Harveen is a member of the Chartered Institute of Management Accountants.
Hugh Cawley, FCA, is an experienced finance professional with extensive public company experience with a particular focus on businesses facing a major strategic challenge or undergoing significant corporate change. His public company executive roles have included spells with S Daniels PLC, Dawson Holdings PLC, office2office plc and, most recently, Progility plc and Driver Group plc.
In addition to his role as Independent Non-Executive Director, Hugh will take on the role as Head of the Company's Audit Committee.
Judith Mackenzie, who was appointed to the Board as Non-Executive Director on 29 June 2017, will take on the role as Head of the Remuneration Committee going forward.
ENQUIRIES:
Real Good Food plc |
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Andrew Brown, Marketing Director | Tel: 020 3056 1516 |
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finnCap Limited (Nomad and Joint Broker) |
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Matt Goode | Tel: 020 7220 0500 |
Carl Holmes |
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Daniel Stewart and Company Plc (Joint Broker) |
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David Lawman | Tel: 020 7776 6550 |
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Belvedere Communications (PR) |
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John West | Tel: 020 3567 0510 |
Kim van Beeck |
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The following information regarding the appointment of Harveen Sandhu Rai, aged 42, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships: | Former directorships and/or partnerships (within the last five years): |
| Aryzta UK Holdings I Ltd |
| Cuisine De France (UK) Ltd |
| Delice De France Ltd |
| Aryzta UK Holdings Ltd |
Harveen Rai has no shareholding in the Company.
The following information regarding the appointment of Hugh Charles Laurence Cawley, aged 60, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships: | Former directorships and/or partnerships (within the last five years): |
Driver Group PLC | Access Plus Holdings Limited |
Driver Consult Limited | Access Plus Limited |
Trett Limited | Access Plus Marketing Logistics Limited |
Trett Contract Services Limited | Access Plus Marketing Services Limited |
Driver Project Services Limited | Access Plus Print Management Limited |
Trett Holdings Limited | Accord Office Supplies Limited |
Diales Limited | Adversion Limited |
More Hours Limited | Banner Business Solutions Limited |
Initiate Consulting Limited | Banner Business Supplies Limited |
| Banner Document Services Limited |
| Banner Managed Services Limited |
| Computa Friendly Limited |
| Corporate Training Solutions Limited |
| CTG Exam Training Limited |
| Customer Projects Limited |
| Godfrey Lang Limited |
| ILX Group PLC |
| Intellexis International Limited |
| Liquico APH Limited |
| Liquico BDS Limited |
| Mindscope Limited |
| Mount Lane Training and Implementation Solutions Limited |
| office2office plc |
| office2office Limited |
| Obrar Limited |
| Olive 1 Limited |
| Petroceltic International plc |
| Progility Consulting Limited |
| Progility Finco Limited |
| Progility Health Limited |
| Progility Training Limited |
| Progility Overseas Limited |
| Progility PLC |
| Progility Training Limited |
| R. A. Enterprises Limited |
| Software Stationary Specialists Limited |
| Software Stationery Holdings Limited |
| Starkstrom Group |
| Starkstrom Group Limited |
| Sue Hill Recruitment Services Limited |
| TFPL Limited |
| The Corporate Training Group Limited |
| TripleArc UK Limited |
| Truline Logistics Limited |
| William Sinclair Holdings plc |
In addition, of his past directorships, the following is a list of companies that Hugh has been a director of that have been placed into administration or examinership whilst he was, or within 12 months of being, a director:
Surridge Dawson Ltd, a subsidiary of Dawson Holdings plc, went into administration in August 2009 following the Office of Fair Trading Opinion which saw competition in newspaper and magazine distribution reduce from three national players to two.
William Sinclair Holdings plc was placed into administration in July 2015, two months after Hugh's resignation as a non-executive director, and was subsequently sold in a pre-pack deal to Westland Horticulture.
Petroceltic International plc entered examinership under Irish law in April 2016 at which time Hugh was a non-executive director of the company. In June 2016 the examiner approved the sale of Petroceltic to its principal minority shareholder, Worldview Economic Recovery Fund.
Hugh Cawley has no shareholding in the Company.
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.