9th Mar 2007 15:52
9 March 2007
The Board of Directors ("Board") of Countrywide plc ("Countrywide" or "the Company") refers to the announcement on 2 February 2007 in which it stated that Mr Christopher Sporborg, Chairman and Mr Peter Mason, Non-executive Director of the Company, will retire from the Board on 13 March 2007 when the Company announces its preliminary results for the year ended 31 December 2006. On the same day, Mr Harry Hill will succeed Mr Sporborg as Non-executive Chairman of the Company.
In light of the announcement on 2 March 2007 of the recommended offer for the entire issued and to be issued share capital of Countrywide by Castle Holdco 4, Ltd. (the "Offer"), the Board announces that the retirement of Mr Sporborg and Mr Mason will be deferred until the outcome of the Offer is known. Mr Hill will also remain as an Executive Director of the Company.
A further announcement will be made in due course when the outcome of the Offer is known.
Director/Company Secretary
Countrywide plc
For enquiries:
C H Sporborg Tel: +44(0) 1376 533 700
Grenville Turner
Harry Hill
COUNTRYWIDE PLCRelated Shares:
CWD.L