21st Oct 2019 14:41
(Alliance News) - Wilmcote Holdings PLC said Monday it will consult with shareholders about the future of the business, as senior executives including the boss and finance chief left the chemicals investment firm.
Chief Executive Officer Adrian Whitfield, Chief Financial Officer Kevin Dangerfield and Non-Executive Director John McAdam all agreed to leave the firm after it completed its acquisition of construction products firm Arclin Inc.
"The board would like to thank Adrian, Kevin and John for bringing a number of exciting investment opportunities to Wilmcote and wish them well in their future endeavours," Wilmcote said in a statement.
In addition, Wilmcote said it would "continue to hold discussions with shareholders regarding the future of the company".
Earlier in October, Wilmcote said it would discuss with investors about a potential further capital raising after securing the Arclin deal. These additional funds would be used to support ongoing expenses as well as future acquisition opportunities.
Shares in Wilmcote were untraded at 50.00 pence in London on Monday.
By Ahren Lester; [email protected]
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