De La Rue PLC Directorate Change (2180I)
March 20 2018 - 3:01AM
UK Regulatory
TIDMDLAR
RNS Number : 2180I
De La Rue PLC
20 March 2018
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
DE LA RUE PLC
Directorate Change
20 March 2018
De La Rue plc ("De La Rue" or the "Company"), the world's
leading security and anti-counterfeiting provider for banknotes,
personal identity and brand protection, today announces that Jitesh
Sodha, Chief Financial Officer, has informed the Board of his
intention to step down to pursue his career outside of the
Company.
Jitesh resigns as a Director with immediate effect but will
remain in the business until the end of September 2018 in order to
ensure an orderly transition while a suitable successor is
identified.
Separately, the Board expects to update the market on the
outturn for the year in the third week of April, and is currently
expecting the result to be around the lower end of the current
consensus range.
Martin Sutherland, Chief Executive Officer of De La Rue
said:
"Jitesh has been a valued member of De La Rue's management team.
He has been instrumental in the execution of our strategic plan to
diversify our business. I would like to thank Jitesh for his
support and contributions during his tenure and wish him every
success in the future."
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
The person responsible for the release of this announcement on
behalf of De La Rue plc is Ed Peppiatt (General Counsel and Company
Secretary).
*The market consensus of underlying operating profit for the
financial year ending 31 March 2018 ranges between GBP71m and
GBP73.4m. The consensus data can be found in the Investors section
of our website www.delarue.com
Enquiries:
De La Rue plc +44 (0)1256 605000
Martin Sutherland Chief Executive Officer
Lili Huang Head of Investor Relations
Brunswick +44 (0)207 404 5959
Katharine Spence
Stuart Donnelly
About De La Rue
De La Rue's purpose is to enable every citizen to participate
securely in the global economy. As a trusted partner of
governments, central banks and commercial organisations, De La Rue
provides products and services that underpin the integrity of
trade, personal identity and the movement of goods.
As the world's largest designer and commercial printer of
banknotes, De La Rue designs, manufactures and delivers banknotes,
banknote substrates and security features to customers in a world
where currency will continue to be a key part of the developing
payments eco-system. De La Rue is the only integrated supplier of
both paper and polymer banknotes, and creates security features
that ensure banknotes are protected against counterfeiting.
De La Rue is the world's largest commercial designer and printer
of passports, delivering national and international identity tokens
and software solutions for governments in a world that is
increasingly focused on the importance of a legal and secure
identity for every individual.
De La Rue also creates and delivers secure product identifiers
and 'track and trace' software for governments and commercial
customers alike to help to tackle the challenge of illicit or
counterfeit goods and the collection of revenue and excise
duties.
De La Rue is listed on the London Stock Exchange (LSE:DLAR). For
further information visit www.delarue.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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