REG - Coral Products PLC - Directorate Change

Coral ProductsAnnouncement

04/12/2024 07:00

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RNS Number : 6831O  Coral Products PLC  04 December 2024

Coral Products Plc

("CRU" or the "Company")

Directorate Resignation

Coral Products plc, a group of specialist businesses in the design, UK
manufacture and omni-channel supply of a wide range of bespoke plastic
products based in Wythenshawe, Manchester, announces the resignation of Sharon
Tinsley, Group Finance Director, who will step down from the Board on 31st
January 2025.

The Board intends to appoint Paul Rice (ACCA), currently Group Financial
Controller as Group Finance Director on completion of the mandatory compliance
checks.  Paul Rice has served as the Financial Director for the Coral
Products Group Flexibles Division and Finance Director of our wholly owned
subsidiary Film & Foil Solutions Ltd since 2013.

Joe Grimmond, Chairman of Coral Products, commented: "Sharon has been a great
asset to the group since her appointment in February 2017 and, on behalf of
the Board, we would like to thank her for her valued contribution and wish her
every success in the future."

"Further to our update on 14th October 2024, I am pleased with the progress
the group has made to resize our operations, reduce costs, and identify
further efficiencies. Whilst the trading environment remains uncertain, I am
confident we are well-positioned to benefit from the cost efficiencies we are
now realising and the opportunities across our markets."

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF EU
REGULATION NO. 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

 For further information, please contact:

Coral Products plc

 Joe Grimmond, Chairman              Tel: 07703 518148

 Nominated Adviser & Broker

 Cavendish Capital Markets Limited   Tel: 020 7397 1966

 Adrian Hadden (Corporate Finance)

 Charlie Combe (ECM)

 Financial PR                        Tel: 020 3151 700

 Novella

 Tim Robertson/Safia Colebrook

 

 

 

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