Directorate Change

BEALE PLC ("Beale" or the "Company")

DIRECTORATE CHANGE

Having consulted with Panther Securities Plc ("Panther") and Mr Simon Peters, the board of Beale have decided that there is no longer a necessity for a Panther representative on the board of Beale and therefore announces that the directors of the Company other than Mr Peters have exercised their powers under the articles of association of the Company to remove Mr Peters (the representative of Panther which, together with Maland Pension Fund and Andrew Perloff, holds 29.72% of the issued share capital of the Company) as a Non Independent Non Executive Director of Beale with immediate effect. 

The board wish to thank Simon for his contribution and wish him all the best for the future.

Further information

Beale PLC Shore CapitalMichael Hitchcock, Chief Executive Anita Ghanekar Edward Mansfield

Tel: 01202 552022 Tel: 0207 408 4090