4th Jun 2018 11:12
LONDON (Alliance News) - Stanley Gibbons Group PLC on Monday said it has appointed Non-Executive Director Graham Shircore as its new chief executive.
Shircore joined the stamp collecting company in March at the time of its financial restructuring.
Chairman Harry Wilson said: "I am delighted that Graham will be leading the group in the next phase of its development.
"His appointment and the recent changes in management have refreshed and strengthened the management team following on from the restructuring announced in March."
In late February, Stanley Gibbons agreed to an up to GBP19.4 million investment from Phoenix UK Fund Ltd in return for 58% of the company, which led to a fall in its external debt finance to around GBP10 million from GBP17 million.
Shares were down 2.5% on Monday morning at 3.95 pence each.
Related Shares:
SGI.L