30 May 2019 07:30
30 May 2019
Real Good Food plc
("RGF" or "the Company")
Directorate Changes
Real Good Food plc is pleased to announce the following changes to its Board composition, as a part of the continuing process of making improvements to its governance regime:
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路 The Interim Non-Executive Chairman, Patrick Ridgwell, will retire from the Board, and Mike Holt, Independent Non-Executive director, will step up to the role of Non-Executive Chairman, relinquishing his role as Chair of the Audit Committee;
路 Judith MacKenzie, Non-Executive Director, will be appointed as Chair of the Audit Committee, relinquishing her role as Chair of the Remuneration Committee;
路 Steve Dawson, Non-Executive Director, will become Chair of the Remuneration Committee;
路 Chris Thomas, Non-Executive Deputy Chairman will retire from the Board; and
路 Anthony Ridgwell, the principal beneficiary of Napier Brown's holding in the Company, will join the Board as a Non-Executive Director.
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All these changes will be effective immediately, save for Mr Thomas's retirement, which will take place not later than 31 July 2019.
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The Board expresses its thanks to both the retiring directors who have served the Company for a combined period of over twenty-five years, and wishes them well in all their future endeavours. At the same time, the Board welcomes Anthony to the Board and looks forward to his contribution.
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Hugh Cawley, Chief Executive, commented:
"Today's changes complete the reconstitution of RGF's Board which began two years ago. We now have in place an appropriate board structure with a better balance of executive, non-executive, and independent non-executive directors, in line with our commitment to improved corporate governance."
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The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Anthony Patrick Ridgwell, aged 47, holds or has held in the past 5 years the following directorships and partnerships:
聽Current | Past five years |
A De Schaap Limited | None |
Commodity Producers and Packers Limited | 聽 |
General Sugar Traders Limited | 聽 |
NB. Chilled Limited | 聽 |
NB. Food Technology Limited | 聽 |
NB. Fruit Limited | 聽 |
NB. Ingredients Limited | 聽 |
S.K.L. Sugar Ltd | 聽 |
Napier Brown Holdings Limited | 聽 |
Stapehill Enterprises Limited | 聽 |
NameCo (No. 1002) Limited | 聽 |
M Capital Investments Partners Limited | 聽 |
Mr. Ridgwell, through NB. Ingredients Limited (a company of which he is a director and significant shareholder), has an indirect interest in 22,502,354 ordinary shares of 拢0.02 in the capital of the Company representing 22.7% of the total voting rights
Save as disclosed above, no further information is required to be disclosed聽pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.
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Enquiries:
Real Good Food plc Hugh Cawley, Chief Executive | Tel: 0151 541 3790 聽 |
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finnCap Limited (Nomad and Broker) Matt Goode / Carl Holmes / James Thompson (Corporate Finance) | Tel: 020 7220 0500 |
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MHP Communications (Financial PR)聽 Reg Hoare / Katie Hunt | Tel: 020 3128 8193 rgf@mhpc.com |
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About Real Good Food Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale and export. The Company now focuses on two markets: Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods). |
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