Statement re Management
07 5월 2003 - 4:43PM
UK Regulatory
RNS Number:7759K
Chesterton International PLC
07 May 2003
7 May 2003
Chesterton International PLC ("Chesterton" or the "Company")
Chesterton announces that Neil List and Mike Backs, who held the positions of
Chief Executive Officer and Chief Operating Officer respectively, have ceased to
be employed by the Company. This followed their not observing a clear and
specific instruction concerning an announcement. They remain as directors of
the Company at the present time.
An executive committee, including four senior managers and chaired by Gavin
Black, an executive director of Chesterton, has assumed day to day operating
responsibility for the Company.
Shareholders should have received the offer document in relation to the offer
for the Company by Phoenix Acquisitions Limited, which was posted on 1 May 2003.
The majority of the Board continues to recommend shareholders to accept the
offer.
Enquiries:
Chesterton Tel: 020 7554 1400
Peter Brooks, Chairman
Close Brothers Tel: 020 7655 3100
Peter Alcaraz
Gavin Anderson & Company Tel: 020 7554 1400
Howard Lee
Lindsey Harrison
Close Brothers Corporate Finance Limited is acting for Chesterton and no-one
else in connection with the offer and will not be responsible to anyone other
than Chesterton for providing the protections afforded to customers of Close
Brothers Corporate Finance Limited nor for providing advice in relation to the
offer.
This information is provided by RNS
The company news service from the London Stock Exchange
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