Resignation of Director, Store Openings


 

TIDMADIL 
 
RNS Number : 7008B 
Adili PLC 
30 October 2009 
 
AIM: ADIL 
 
 
Adili plc 
("Adili" or the "Company") 
 
 
Resignation of Director, Store Openings 
 
 
Adili plc continues to restructure its cost base in all areas and as part of 
this process, Caroline Gitsham has left the Company and resigned as a director 
of Adili plc. We would like to thank Caroline for her contribution over the last 
11 months. 
 
The restructuring includes terminating leases to consolidate property and the 
renegotiation of all major contracts in the operational and marketing areas. 
 
The opening of the retail stores in Dorchester and Central London are on target 
for this Saturday and next Friday respectively.  The Company's strategy is 
unchanged.  This will be a significant step in the Company's progress. 
 
 
Adam Smith, CEO commented: 
 
"This activity is in line with the financial plan that was backed by the new and 
existing shareholders in the funding round in August and makes us much more 
efficient as a company, whilst not undermining the capability to achieve our 
objectives.  I would like to thank the staff, both past and present, for their 
commitment and contribution to the Company's continued growth." 
 
 
 
Enquiries: 
 
 
+----------------------------+--------------------------+------------------+ 
| Adili plc                  | Adam Smith, Chief        | T: 01258 837 437 | 
|                            | Executive Officer        |                  | 
|                            | Mark Swire, Finance      |                  | 
|                            | Director                 |                  | 
+----------------------------+--------------------------+------------------+ 
|                            |                          |                  | 
+----------------------------+--------------------------+------------------+ 
| Seymour Pierce             | Nicola Marrin            | T: 020 7107 8000 | 
|                            | Catherine Leftley        |                  | 
+----------------------------+--------------------------+------------------+ 
|                            |                          |                  | 
+----------------------------+--------------------------+------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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