REG - Chemring Group PLC - Directorate Change

ChemringAnnouncement

05/12/2024 07:15

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RNS Number : 8755O  Chemring Group PLC  05 December 2024

FOR IMMEDIATE RELEASE
 
          5 December 2024

 

CHEMRING GROUP PLC ("Chemring", the "Group" or the "Company")

 

Retirement of Non-Executive Director and Appointment of Senior Independent
Director

 

Chemring announces that Andrew Davies, who has been a non-executive director
since May 2016 and the Senior Independent Director since May 2020, will retire
from the Board on 31 January 2025, having approached the end of his nine-year
term, and will not therefore seek re-election at the 2025 Annual General
Meeting. As previously indicated in the 2023 annual report, Fiona MacAulay,
who has been a non-executive director since June 2020, will succeed Andrew as
the Senior Independent Director.

 

Tony Wood, Chairman of Chemring, commented:

"On behalf of the Board I would like to thank Andrew for his invaluable
guidance and commitment to the Group during his tenure on the Board. With his
sector knowledge and experience, Andrew has made a significant contribution to
the Board and the transformation of the Group during his tenure. We wish him
well in the future."

 

There are no further disclosures required to be made in accordance with LR
9.6.13R of the Listing Rules of the UK Listing Authority.

 

 

For further information:

Rupert Pittman           Group Director of Corporate Affairs,
                                    01794
463401

                                       Chemring Group PLC
 

 

James McFarlane        MHP Group
 
07584 142665

Ollie Hoare
 
                         07817 458804

 

Cautionary statement

 

This announcement contains forward-looking statements that are based on
current expectations or beliefs, as well as assumptions about future events.
These forward-looking statements can be identified by the fact that they do
not relate only to historical or current facts. Forward-looking statements
often use words such as anticipate, target, expect, estimate, intend, plan,
goal, believe, will, may, should, would, could, is confident, or other words
of similar meaning. Undue reliance should not be placed on any such statements
because they speak only as at the date of this document and, by their very
nature, they are subject to known and unknown risks and uncertainties and can
be affected by other factors that could cause actual results, and Chemring's
plans and objectives, to differ materially from those expressed or implied in
the forward-looking statements. There are a number of factors which could
cause actual results to differ materially from those expressed or implied in
forward-looking statements. Among the factors that could cause actual results
to differ materially from those described in the forward-looking statements
are: increased competition, the loss of or damage to one or more key customer
relationships, changes to customer ordering patterns, delays in obtaining
customer approvals for engineering or price level changes, the failure of one
or more key suppliers, the outcome of business or industry restructuring, the
outcome of any litigation, changes in economic conditions, currency
fluctuations, changes in interest and tax rates, changes in raw material or
energy market prices, changes in laws, regulations or regulatory policies,
developments in legal or public policy doctrines, technological developments,
the failure to retain key management, or the key timing and success of future
acquisition opportunities or major investment projects. Chemring undertakes no
obligation to revise or update any forward-looking statement contained within
this announcement, regardless of whether those statements are affected as a
result of new information, future events or otherwise, save as required by law
and regulations.

 

Notes to editors

 

·   Chemring is a FTSE250 global business that specialises in the
manufacture of high technology products and the provision of services to the
aerospace, defence and security markets

·   Employing approximately 2,600 people worldwide, and with production
facilities in four countries, Chemring meets the needs of customers in more
than fifty countries

·   Chemring is organised under two strategic product segments: Sensors
& Information and Countermeasures & Energetics

·   Chemring has a diverse portfolio of products that deliver high
reliability solutions to protect people, platforms, missions and information
against constantly changing threats

·   Operating in niche markets and with strong investment in research and
development ("R&D"), Chemring has the agility to rapidly react to urgent
customer needs

 

www.chemring.com (https://www.chemring.com/)

 

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