REG - Real Good Food PLC - Directorate Changes

Real Good FoodAnnouncement

30/05/2019 07:30

RNS Number : 5315A
Real Good Food PLC
30 May 2019
 


30 May 2019
Real Good Food plc
("RGF" or "the Company")
Directorate Changes
Real Good Food plc is pleased to announce the following changes to its Board composition, as a part of the continuing process of making improvements to its governance regime:
 
·    The Interim Non-Executive Chairman, Patrick Ridgwell, will retire from the Board, and Mike Holt, Independent Non-Executive director, will step up to the role of Non-Executive Chairman, relinquishing his role as Chair of the Audit Committee;
·    Judith MacKenzie, Non-Executive Director, will be appointed as Chair of the Audit Committee, relinquishing her role as Chair of the Remuneration Committee;
·    Steve Dawson, Non-Executive Director, will become Chair of the Remuneration Committee;
·    Chris Thomas, Non-Executive Deputy Chairman will retire from the Board; and
·    Anthony Ridgwell, the principal beneficiary of Napier Brown's holding in the Company, will join the Board as a Non-Executive Director.
 
All these changes will be effective immediately, save for Mr Thomas's retirement, which will take place not later than 31 July 2019.
 
The Board expresses its thanks to both the retiring directors who have served the Company for a combined period of over twenty-five years, and wishes them well in all their future endeavours. At the same time, the Board welcomes Anthony to the Board and looks forward to his contribution.
 
Hugh Cawley, Chief Executive, commented:
"Today's changes complete the reconstitution of RGF's Board which began two years ago. We now have in place an appropriate board structure with a better balance of executive, non-executive, and independent non-executive directors, in line with our commitment to improved corporate governance."
 
The following information is disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies:
Anthony Patrick Ridgwell, aged 47, holds or has held in the past 5 years the following directorships and partnerships:




 Current


Past five years




A De Schaap Limited


None




Commodity Producers and Packers Limited


 




General Sugar Traders Limited


 




NB. Chilled Limited


 




NB. Food Technology Limited


 




NB. Fruit Limited


 




NB. Ingredients Limited


 




S.K.L. Sugar Ltd


 




Napier Brown Holdings Limited


 




Stapehill Enterprises Limited


 




NameCo (No. 1002) Limited


 




M Capital Investments Partners Limited


 




Mr. Ridgwell, through NB. Ingredients Limited (a company of which he is a director and significant shareholder), has an indirect interest in 22,502,354 ordinary shares of £0.02 in the capital of the Company representing 22.7% of the total voting rights
Save as disclosed above, no further information is required to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies.
 
 
-ENDS- 
Enquiries:




Real Good Food plc
Hugh Cawley, Chief Executive


Tel: 0151 541 3790
 




 


 




 


 




finnCap Limited (Nomad and Broker)
Matt Goode / Carl Holmes / James Thompson (Corporate Finance)


Tel: 020 7220 0500




 


 




 


 




MHP Communications (Financial PR) 
Reg Hoare / Katie Hunt


Tel: 020 3128 8193
rgf@mhpc.com




 


 




About Real Good Food
Real Good Food plc is a diversified food business serving a number of market sectors including retail, manufacturing, wholesale and export.  The Company now focuses on two markets: Cake Decoration (Renshaw and Rainbow Dust Colours) and Food Ingredients (Brighter Foods).




 




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