30th May 2014 14:15
LONDON (Alliance News) - Broca PLC Friday said that Chief Executive Officer Neale Graham is no longer a director of the company.
The company sold its operating subsidiary earlier this year to turn its attention to making acquisitions or investments within the technology sector and changed its name.
Broca, formerly know as 2ergo Group PLC, said that since reclassifying itself into an investing company, Graham's role as CEO has been made redundant and as a consequence ceases to be a director of the company with immediate effect.
The group sold 2ergo Ltd for GBP4.5 million in cash and shares to Eagle Eye in April.
Broca shares were down 11.1% at 1.00 pence Friday afternoon.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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