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RNS Number : 0109E Trifast PLC 22 February 2024
London: Thursday, 22 February 2024
TRIFAST PLC
(Trifast, Group or Company)
Leading international specialist in the design, engineering, manufacture, and
distribution
of high-quality industrial fastenings and Category 'C' components principally
to major global assembly industries
Directorate change
The Company announces that Darren Hayes-Powell, Chief Financial Officer and
Executive Director has, by mutual agreement left the business with immediate
effect. The Board thanks him for his contribution since he joined in
December 2022, and wishes him well.
Kate Ferguson, the Group Financial Controller will assume the role of interim
CFO, while the Board commences an executive search process for a permanent
replacement. Senior Independent Non-Executive Director, Clive Watson will,
as required, support Kate and the Finance function during this period. Kate
joined the business in August 2023 and has more than 20 years' experience in
finance, IT support, administration and facilities management having worked
across a variety of industries both in the UK and overseas.
Market conditions remain as described in the Group's announcement released on
the 22 January 2024 and as we indicated at this time, we will be providing
more detail on the Group's restructuring, strategic plans and progress in July
when the Company is scheduled to release its annual results for the year ended
31 March 2024.
Enquiries please contact:
Trifast plc
Serena Lang, Non-Executive Chair
Iain Percival, Chief Executive Officer
Office: +44 (0) 1825 747630
Email: corporate.enquiries@trifast.com
(mailto:corporate.enquiries@trifast.com)
Shareholders: companysecretariat@trifast.com
(mailto:companysecretariat@trifast.com)
Peel Hunt LLP (Stockbroker & financial adviser)
Mike Bell
Tel: +44 (0)20 7418 8900
TooleyStreet Communications (IR & media relations)
Fiona Tooley
Tel : +44 (0)7785 703523
Email: fiona@tooleystreet.com (mailto:fiona@tooleystreet.com)
Editors' notes
About Trifast plc
LSE: Main Market Premium Listing; Ticker TRI
Founded in East Sussex in 1973, TR is a leading international specialist in
the design, engineering, manufacture, and distribution of high-quality
industrial fastenings and Category 'C' components principally to major global
assembly industries.
The Group supplies to customers in c.70 countries across a wide range of
industries, including light vehicle, heavy vehicle, health & home, energy,
tech, & infrastructure (ET&I), general industrial and distributors. As
a full-service provider to multinational OEMs and Tier 1 companies spanning
several sectors, we deliver comprehensive support to our customers across
every requirement, from concept design through to technical engineering
consultancy, manufacturing, supply management and global logistics.
As an international business we are able to provide 24/7 customer support from
across key regions in the UK, Asia, Europe and North America. In addition to
our service locations we operate a number of manufacturing facilities focused
on high volume cold forged fasteners and special parts. We have also
established Technical & Innovation Centres to support R&D and customer
collaboration across the world.
For more information, visit our
Investor website: www.trifast.com (http://www.trifast.com)
Commercial website: www.trfastenings.com (http://www.trfastenings.com)
LinkedIn: www.linkedin.com/company/tr-fastenings
(http://www.linkedin.com/company/tr-fastenings)
Twitter: www.twitter.com/trfastenings (http://www.twitter.com/trfastenings)
Facebook: www.facebook.com/trfastenings (http://www.facebook.com/trfastenings)
Trifast, TR and TR Fastenings are registered trademarks of the Company
LEI number: 213800WFIVE6RWK3CR22
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