23rd Feb 2009 16:25
23 February 2008
Micro Focus International plc
Board Change
Micro Focus International plc ("Micro Focus" or "the Company", LSE: MCRO.L), the Enterprise Application Modernisation software company, announces that Non-executive Director, David Dominik, steps down from the Board with immediate effect following the announcement on 18 February 2009 that the Golden Gate Capital Group ("Golden Gate") has sold its 22.347 percent shareholding in the Company.
Mr Dominik was a non-executive Director nominated by Golden Gate pursuant to a relationship agreement with the Company dating from its IPO in 2005. Under that agreement Golden Gate could appoint one director where its shareholding represented 10 percent or more. As a result of the recent sale of Golden Gate's shareholding, Mr Dominik has therefore resigned his directorship.
The Board thanks David for his valuable contribution to the business and wishes him every continued success.
Enquiries:
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Micro Focus |
Tel: +44 (0)1635 32646 |
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Stephen Kelly, Chief Executive |
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Nick Bray, Chief Financial Officer |
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Tim Brill, Head of Corporate Communications & IR |
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Financial Dynamics |
Tel: +44 (0)20 7831 3113 |
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Charlie Palmer |
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Haya Chelhot |
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Hazel Stevenson |
Notes to editors:
About Micro Focus
Micro Focus, a member of the FTSE 250, provides innovative software that allows companies to dramatically improve the business value of their enterprise applications. Micro Focus Enterprise Application Modernization and Management software enables customers' business applications to respond rapidly to market changes and embrace modern architectures with reduced cost and risk. For additional information please visit www.microfocus.com.
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