Northbridge Industrial Services PLC Board Change (4319Z)
17 Mayo 2019 - 05:49AM
UK Regulatory
TIDMNBI
RNS Number : 4319Z
Northbridge Industrial Services PLC
17 May 2019
17 May 2019
Northbridge Industrial Services Plc
("Northbridge" or the "Group")
Board change
Northbridge Industrial Services Plc, the industrial services and
rental company, today announces the following Board change.
David Marshall, who became a Non-Executive Director of the Group
shortly after Northbridge listed on AIM in 2006, has given notice
that he wishes to retire from the Board at the time of the AGM on 4
June 2019.
David, through his role as a major shareholder of Western
Selection Plc was also the cornerstone investor in Northbridge at
the time of the IPO and was instrumental in its early successes.
David served as Chairman of the Audit Committee during most of that
time, only recently passing on the role to Ash Mehta.
Western Selection Plc, which has continued to invest in the
Group since the IPO, remains a major and supportive long-term
shareholder. Northbridge remains Western Selection Plc's main
strategic investment and Western Selection Plc now holds 3,300,000
Northbridge shares (11.83%).
The Group has taken steps in recent times to refresh the Board
with the appointment of Nitin Kaul and Judith Aldersey-Williams as
independent Non-Executive Directors. No further appointments to the
Board are currently envisaged.
Commenting on the Board change, Peter Harris, Chairman,
said:
"On behalf of the whole Board and other shareholders, I would
like to thank David for his service and contribution to
Northbridge, as well as his considerable input and advice, over the
last 13 years. We are sorry to see the departure of our longest
serving Non-Executive Director and we wish David and his family all
good fortune for the future."
-Ends-
For further information
Northbridge Industrial Services Plc
Eric Hook, Chief Executive Officer
Iwan Phillips, Finance Director 01283 531645
Stockdale Securities Limited (Nominated Adviser
and Broker)
Robert Finlay / Antonio Bossi / Henry Willcocks 020 7601 6100
Buchanan Communications
Charles Ryland / Stephanie Watson/ Catriona Flint 020 7466 5000
About Northbridge:
Northbridge Industrial Services plc hires and sells specialist
industrial equipment. With offices or agents in the UK, USA, The
Middle East, Belgium, Germany, France, Australia, New Zealand,
Singapore, China, Brazil and South Korea, Northbridge has a global
customer base. This includes utility companies, the oil and gas
sector, shipping, banking, mining, construction and the public
sector. The product range includes loadbanks, transformers, and oil
tools. Northbridge was admitted to AIM in 2006 since when it has
grown by providing a high level of service, responsiveness and
flexibility to customers. It has grown by the acquisition of
companies in the UK, Dubai, Australia, Belgium, New Zealand and
Singapore and through investing further in those acquired companies
to make them more successful. Northbridge continues to seek
suitable businesses for acquisition across the world.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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