Last checked at 28 Mar 2017 09:00
Wynnstay Group plc
("Wynnstay" or "the Company")
AIM Disclosure Update
Wynnstay, the agricultural and specialist retail group, announces, in accordance with AIM Rule 17 and Schedule 2 (g) of the AIM Rules for Companies, that it was notified on 27 March 2017 of the following information by Jim McCarthy, Non-Executive Chairman of the Company:
Jim McCarthy was, until his retirement in September 2016, a director of Poundland Group plc. As CEO of Poundland, Jim McCarthy was also a director of a number of Poundland's wholly owned subsidiaries, including, for a short period following its acquisition by Poundland in September 2015, 99p Stores Limited. At the time of his retirement, Jim McCarthy resigned all of his directorships of Poundland Group companies. Following his retirement, Poundland Group plc (together with its subsidiaries, including 99p Stores Limited) was acquired by Steinhoff International in September 2016.
On 22nd March 2017, the current directors of 99p Stores Limited filed for administration. Jim McCarthy was not involved in the decision to file for administration and was only notified of the administration on 24th March 2017, after it had occurred.
Enquiries:
Wynnstay Group plc | Ken Greetham, Chief Executive Paul Roberts, Finance Director | T: 01691 827 142
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KTZ Communications | Katie Tzouliadis | T: 020 3178 6378 |
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Shore Capital (Nomad) | Stephane Auton / Patrick Castle | T: 020 7408 4090 |
About Wynnstay Group plc
www.wynnstaygroup.co.uk
Headquartered in Wales, Wynnstay manufactures and supplies agricultural inputs, including animal nutrition products, seeds, fertiliser and agro-chemicals, to livestock and arable farmers. Its activities also include the supply of raw materials for feeds ingredients to farmers and other feed manufacturers, and the provision of grain trading services for farmers. Its specialist retailing activities comprise Wynnstay Stores, a network of country stores catering for farmers and the wider rural community, Youngs Animal Feeds, a manufacturer and distributor of equine products, and Just for Pets, a chain of pet products stores based across the West Midlands.