RNS Number : 2530U
Cagney PLC
13 May 2008
Cagney Plc ("Cagney" or the "Company")
Resignation of Director
13 May 2008
The board of Cagney Plc, the marketing services group, announces that Paul Simons has
resigned as a director of the Company with
immediate effect. He will now be on leave for the remainder of his employment, which ends on
31 May 2008. The board expects to announce
Mr. Simons' replacement as Chief Executive shortly.
Mr. Simons said: "Timing is always a difficult call on change but I have now devoted over
three years to the creation and development of
Cagney. The Group is established, working well and making good progress so it feels like the
right time to hand across to others, allowing
me to focus on growing interests elsewhere. As a significant shareholder I look forward to the
continued growth and success of Cagney and I
will hopefully add value when I'm able to."
Alex Hambro, the Company's Chairman said "Paul brought the Group into existence with his
vision and drive and leaves in place a strong
management team capable of building a successful marketing services group on the foundation
Paul has put in place. We wish Paul well in the
future."
ENDS
Enquiries:
Cagney Plc Tel: 020 7637 4198
Alex Hambro, Chairman
Smith & Williamson Corporate Finance Limited Tel: 0117 376 2213
Nick Reeve
Cubitt Consulting Tel: 020 7367 5100
Michael Henman/Allison Reid
About Cagney Plc:
Cagney Plc is an integrated group of marketing services firms. It combines five
businesses: Exedra (retaining BrandAid as a division),
Chick Smith Trott (advertising and design), Cubo (promotional marketing), The Media Foundry
(public relations) and Tree (market research and
data analysis). The Group floated on AIM in February 2006.
www.cagneyplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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