10 May 2016 15:22
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
10 May 2016
zamano plc ("zamano" or the "Company")
ISE: ZAZ LSE: ZMNO
Resignation of CEO
The Board of zamano Plc (ZMNO:ID) today announces that Ross Conlon has tendered his resignation as Chief Executive Officer ("CEO") and director of the Company with effect from 9 May 2016 to pursue other interests. Ross has agreed to facilitate a smooth handover.
Colin Tucker, acting Chairman of the Company, commented: "Ross joined zamano in 2007 as part of the Red Circle acquisition and has been a key member of the executive team since then having held a number of senior roles prior to his appointment as CEO in January 2014. During his period as CEO, the Company has seen a period of strong revenue, profit and cash generation and has begun searching for growth investment opportunities. On behalf of the board of directors of the Company, I would like to thank Ross for his strong contribution and wish him the best for his future career".
The board will immediately commence a process for the appointment of a new CEO of the Company.
Trading Update
Since announcing its preliminary results for 2015 on 10 March 2016, zamano has continued the positive performance in revenue and profit achieved in year ended 31 December 2015. As previously announced to the market, the Company will continue to focus on its core activities whilst exploring acquisition or partnership opportunities with a view to diversifying and improving its product footprint.
For further information please contact:
zamano plc
Michael Connolly, Chief Financial Officer
Tel: +353 1 554 7261
Investec Corporate Finance
Shane Lawlor/Ian McGreal
Tel: + 353 1 4210000
Cenkos Securities (Nominated Adviser & Broker)
Derrick Lee/Neil McDonald
Tel: + 44 (0) 131 220 6939
Media Enquires:
MCOMM Communications Consultants
Richard Moore
Tel: +353 1 661 9428
Mob: +353 87 241 4751
Email: ir@zamano.com