15th Jul 2014 14:08
15 July 2014
Imperial Innovations Group plc
Directorate change
Imperial Innovations Group plc (AIM: IVO, "Innovations" or the "Group") announces that non-executive director, Professor Stephen Richardson, has resigned from the Board today.
Professor Richardson was one of two directors nominated by Imperial College London. His resignation follows the completion of the recent Placing of shares in Innovations, as a result of which the interest of Imperial College in the Group was reduced to 20.1% of the issued capital. Imperial College is now entitled to appoint one director to the Board, which it has exercised through the appointment of Professor David Begg who remains on the Board.
Martin Knight, Chairman of Imperial Innovations, said:
"Stephen has made a valuable contribution over the last four and a half years. On behalf of the Board, I would like to express our gratitude and best wishes for the future."
For further information contact:
Imperial Innovations Group Plc | 020 3053 8834 |
Martin Knight, Chairman | |
Jon Davies, Director of Communications
| |
Instinctif Partners | 020 7457 2020 |
Adrian Duffield/Melanie Toyne-Sewell
| |
J.P. Morgan Cazenove (Nominated Adviser) | 020 7742 4000 |
Michael Wentworth-Stanley/Alec Pratt
| |
Cenkos Securities | 020 7397 8900 |
Andy Roberts/Christopher Golden
|
Related Shares:
Imperial Innovations Group