REG-PHSC Plc: Results of AGM and Board Changes

PHSCAnnouncement

19/09/2024 10:45

19 September 2024

 

PHSC PLC

(“PHSC” or the “Company”)

 

Results of AGM and Board Changes

 

PHSC (AIM: PHSC), a leading provider of health, safety, hygiene and
environmental consultancy services and security solutions to the public and
private sectors, is pleased to announce that the resolutions proposed at its
Annual General Meeting (“AGM”) held earlier today, as set out in the
formal Notice of AGM dated 6 August 2024, were all duly approved by
shareholders.

Board Changes

In addition, the Company announces that Graham Webb MBE will be retiring and
stepping down as a non-executive director of the Company with effect from 30
September 2024. The Board would like to take this opportunity to express its
sincere gratitude to Graham for his longstanding service and valued
contribution to the Company over more than 20 years and wishes him all the
best in his retirement.

In addition, the Company is pleased to announce that Frank Moxon will take up
office as a non-executive director effective from 1 October 2024. Frank has
nearly 35 years’ experience as a corporate financier and financial adviser
to companies, ranging from start-ups to businesses over £3 billion in size,
in a wide range of sectors.

Frank has held several senior management roles within the financial services
industry and, in addition to having been Senior Independent Director at Cove
Energy Plc, prior to its sale in August 2012 to PTT for £1.2 billion, has
been a director of various companies listed in London, Australia and Canada.
Frank is also currently the President of the East of England Co-operative
Society.

Frank has a BSc in Economics and is an Honorary Chartered Fellow of the
Chartered Institute for Securities & Investment.

Stephen King, Chairman and Chief Executive Officer of PHSC, today commented:

“We are most appreciative of Graham’s longstanding support and
contribution to the Company’s development and wish him all the best in
retirement and his future endeavours. We look forward to welcoming Frank to
the Board next month and working closely with him in the next phase of the
Company’s growth and long-term value creation for stakeholders.”

 

For further information please contact: 

PHSC plc

Stephen
King                                                                                          
 Tel: 01622 717 700

Stephen.king@phsc.co.uk

www.phsc.plc.uk

 

Strand Hanson Limited (Nominated Adviser) 
                              Tel: 020 7409 3494

James Bellman / Matthew Chandler

 

Novum Securities Limited (Broker) 
                                            
   Tel: 020 7399 9427

Colin Rowbury

 

 

Additional information on the Appointment of a Director

 

As required pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM
Rules for Companies, Frank Moxon is, save for his planned directorship of
PHSC, currently a director/partner, or has been a director/partner in the past
five years, of the following companies/partnerships:

   Frank Hoyt Moxon (aged 58)                                                                         
                                                      
 Current Directorships/Partnerships                   Past Directorships/Partnerships (last 5 years)  
 Anglian Convenience Stores Limited                   Drake Energy Limited                            
 Ardencrest Limited                                   Graves Moxon Group Limited                      
 CISI Educational Trust                               Harvest Minerals Ltd                            
 East of England (SLP) General Partner Limited        The Brokerage Citylink                          
 East of England Co-op Travel Limited                                                                 
 East of England Co-operative Society (Trustees) Ltd                                                  
 East of England Co-operative Society Limited                                                         
 H.L. Perfitt Limited                                                                                 
 Hoyt Moxon Ltd                                                                                       
 Jersey Oil and Gas plc                                                                               
 The Co-operative Loan Fund Limited                                                                     
                                                                                                      

 

Mr Moxon was a non-executive director of Silvermere Energy Plc which entered
into a creditors' voluntary arrangement approved by creditors and shareholders
on 16 August 2013 and completed on 20 December 2013. Total unsecured claims
amounted to £1,043,532. Under the terms of the CVA creditors were issued with
equity in the company (which was renamed Tern Plc and is quoted on AIM) in
lieu of cash in order to settle all claims.

Mr Moxon was a non-executive director of EastCoal Inc. from October 2012 until
October 2013 which entered into a form of creditors’ voluntary arrangement
(under Canadian law) approved by creditors on 22 April 2014 and completed in
August 2014. Total secured and unsecured claims amounted to C$3,026,122 in
respect of which there was a deficiency of C$2,575,154. Under the terms of the
arrangement creditors each received a cash payment of approximately 15 per
cent. (pre-tax) of monies owed.

Mr Moxon was a non-executive director of Whetstone Minerals Ltd until March
2013 which was voluntarily wound up without the appointment of a liquidator in
December 2013 with net assets of approximately $1.4 million.

Mr Moxon was a non-executive director of Swala Energy Ltd, an ASX listed
company from June 2015 until June 2017, which entered into a Voluntary
arrangement in June 2016, involving a Deed of Company Arrangement. Total
secured and unsecured claims amounted to A$415,000, to which there was an
A$248,000 deficiency. In February 2018, priority creditors of A$176,000 were
paid in full, whilst unsecured creditors were offered a cash payment of
approximately 50 per cent. (pre-tax) of monies owed.

Mr Moxon holds no direct or indirect interest in the Company’s issued share
capital.

There is no further information to be disclosed pursuant to Schedule Two
Paragraph (g) of the AIM Rules for Companies.

 

About PHSC

PHSC, through its trading subsidiaries, Personnel Health & Safety Consultants
Ltd, RSA Environmental Health Ltd, QCS International Ltd, Inspection Services
(UK) Ltd and Quality Leisure Management Ltd, provides a range of health,
safety, hygiene, environmental and quality systems consultancy and training
services to organisations across the UK. In addition, B2BSG Solutions Ltd
offers innovative security solutions including tagging, labelling and CCTV.

 

 

 

 



Copyright (c) 2024 PR Newswire Association,LLC. All Rights Reserved