Changes to the Board and Committee Composition
13 Junio 2024 - 1:15AM
UK Regulatory
Changes to the Board and Committee Composition
13 June 2024
CHANGES TO THE BOARD AND COMMITTEE
COMPOSITION
PayPoint plc (the 'Company') today announces
that Gill Barr has confirmed that she plans to retire from the
Board and will not stand for re-election at the Company's 2024
Annual General Meeting ('AGM') to be held on 1 August 2024 having
completed nine years’ service on the Board. In addition, Guy
Parsons has confirmed that he plans to retire from the Board and
will not stand for re-election at the Company's 2024 Annual General
Meeting ('AGM') to be held on 1 August 2024 having supported the
successful integration of the Love2Shop acquisition.
The following changes to the Board’s Committees
have also been approved by the Board: Ben Wishart will succeed
Rakesh Sharma as Chair of the Remuneration Committee with effect
from the conclusion of the Company's 2024 AGM. Ben has over 12
months experience as a member of the Remuneration Committee as
required by the UK Corporate Governance Code. Rakesh will continue
to serve as the Senior Independent Director, as well as a member of
the Remuneration Committee, Nomination Committee, Audit Committee
and the Cyber Security and Information Technology
Sub-Committee.
PayPoint’s Chair, Giles Kerr, commented:
"On behalf of the Board, I would like to thank Gill for her
significant commitment and contribution to the Board over the past
nine years and to express our sincere thanks to Guy for his
invaluable contributions to the Board during the integration of the
Love2Shop acquisition. I wish both Gill and Guy the very best for
their futures. I would also like to thank Rakesh for his leadership
of the Remuneration Committee over the past seven years. Ben is
experienced in our remuneration policy, having been a member of the
Remuneration Committee since his appointment to the Board in 2019,
and I am grateful that he has agreed to take on this additional
responsibility.”
In accordance with the Listing Rules, there is
no further information required to be disclosed pursuant to
LR9.6.11R.
ENQUIRIES:
PayPoint
Plc
Julia Herd, on behalf of Indigo Corporate
Secretary Limited, Company Secretary
+44 (0)7542 031173
Steve O'Neill, Chief Marketing and Corporate
Affairs Officer
+44 (0)7919 488066
LEI: 5493004YKWI8U0GDD138
http://corporate.paypoint.com/
- 2024.06.13 PayPoint Plc - Board Changes - RNS
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