1st Jul 2010 16:40
Melorio Plc ('Melorio' or the 'Company')
Directorate Change
The boards of Pearson and Melorio announced on 19 May 2010 that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Melorio to be made by Pearson (the "Offer"). The Offer was 225 pence in cash for each Melorio Share and valued Melorio's issued and to be issued share capital at approximately GBP99.3 million. The Offer was declared unconditional in all respects on 17 June 2010.
Melorio announces that on 30 June 2010 George Anderson, an executive director of the Company, and Adrian Carey, Bob Fryer and Mark Watts (all non-executive directors of the Company) resigned from the board of the Company.
Hugh Aldous, Chairman of the Company said "I would like to thank each of George, Adrian, Bob and Mark for their individual contributions, each of which has been invaluable, in building Melorio into one of the UK's leading vocational training businesses. I wish each of George, Adrian, Bob and Mark all the best for the future."
Enquiries:
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Melorio |
020 7389 6800 |
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Hugh Aldous, Chairman |
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Alex Sheffield, Group Finance Director |
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Cenkos Securities |
020 7397 8900 |
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Stephen Keys / Beth McKiernan |
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Related Shares:
Pearson