25th Jul 2013 07:00
GRESHAM HOUSE PLC (“the Company”)
25th July 2013
Board update
In line with the stated strategy of orderly realisation of the group’s assets and in order to reduce its cost base, the Company has today served notices to terminate the service contracts and letters of appointment of each of its executive and non-executive directors. In accordance with the contractual notice periods, the service contracts and letters of appointment will terminate on 31 July 2014.
The Board continues to work towards an orderly disposal of all investments and properties. However, should this not be achieved by 31 July 2014, it is currently expected that some or all of the directors will continue to provide their services to the Company on a short term basis on terms to be agreed.
Enquiries:
Gresham House plc
Derek Lucie-Smith, Chief Executive Officer 020 7592 7020
Brian Hallett, Finance Director and Company Secretary 01489 570 861
Westhouse Securities Limited 020 7601 6100
Richard Johnson / Antonio Bossi
Copyright Business Wire 2013
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