5th Feb 2015 14:57
LONDON (Alliance News) - Castle Street Investments PLC, formerly known as Cupid PLC, Thursday said its Non Executive Chairman has resigned with immediate effect and said its chief financial officer and chief executive officer will also step down later in 2015.
George Elliot, non-executive chairman has been replaced by current Non Executive Director Bill Dobbie with immediate effect.
Chief Executive Officer Phil Gripton will resign as an executive director on December 24, 2015 and Chief Financial Officer Niall Sterling will step down as an executive director and company secretary on June 24, said Castle Street.
The company also said it had appointed Max Royde, a partner at Kestrel Partners LLP, as a non-executive director.
In addition, Castle Street said it has completed the French asset purchase agreement, which saw the company sell its French assets for GBP750,000.
"Castle Street Investments PLC is pleased to announce that the French asset purchase agreement has today been completed. The sum of GBP750,000, which had been retained from the overall disposal proceeds pending the completion of the sale of the French assets, has been received in full," it said in a statement.
Castle Street was formerly named Cupid PLC, and said in December it would be reclassified as an investing company under AIM rules.
Castle Street shares were up 1.4% to 17.75 pence per share on Thursday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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