CMC Markets Plc Board Changes (0957L)
July 14 2017 - 5:00AM
UK Regulatory
TIDMCMCX
RNS Number : 0957L
CMC Markets Plc
14 July 2017
14 July 2017
CMC MARKETS PLC
Board Changes
CMC Markets Plc ("CMC"), a leading global provider of retail CFD
trading, today announces two changes to its board of directors (the
"Board").
It is proposed that Sarah Ing will join the Board as a
Non-Executive Director, subject to FCA approval. Sarah has 30
years' experience in accountancy, investment banking and fund
management, including time with HSBC and UBS. She is a Chartered
Accountant and was a top-rated equity research analyst covering the
general financials sector. She also founded and ran a hedge fund
investment management business. A further announcement will be made
in due course once the FCA approval process has concluded and her
date of appointment is confirmed.
Malcolm McCaig, Non-Executive Director, has tendered his
resignation from the Board. It will take effect from the conclusion
of the Annual General Meeting ("AGM") on 27 July 2017 and,
accordingly, Mr McCaig will not be standing for re-election.
Consequently, resolution 8, which seeks to re-elect him as a
Director at the AGM, will be withdrawn.
CMC are also proposing to appoint a further Non-Executive
Director to the Board and a recruitment process is currently
underway.
Simon Waugh, Chairman said:
"The Board would like to thank Malcolm for his valuable
contribution, advice and support as we moved from a private company
to a public company. We wish him every success for the future. We
would also like to welcome Sarah to the Board. Her experience and
understanding of the sector, having analysed and advised a broad
range of financial services businesses, will be a valuable addition
to the Board."
Enquiries
Camarco (Financial PR) +44(0) 20 3757 4994
Geoffrey Pelham-Lane
Ed Gascoigne-Pees
Jennifer Renwick
Notes to Editors
Regulatory disclosures
Sarah Ing is considered to be independent for the purposes of
the UK Corporate Governance Code.
There is no further information required to be disclosed
pursuant to Listing Rule 9.6.13 (1) - (6) of the Listing Rules of
the Financial Conduct Authority in respect of Sarah Ing.
About CMC Markets plc
CMC Markets plc ("CMC"), whose shares are listed on the London
Stock Exchange under the ticker CMCX, was established in 1989 and
is now one of the world's leading online financial trading
businesses. The company serves retail and institutional clients
through regulated offices and branches in 14 countries, with a
significant presence in the UK, Australia, Germany and Singapore.
CMC Markets offers an award-winning, online and mobile trading
platform, enabling clients to trade over 10,000 financial
instruments across shares, indices, foreign currencies, commodities
and treasuries through contracts for difference ("CFDs"), financial
spread bets (in the UK and Ireland only) and, in Australia, access
stockbroking services. More information is available at
http://www.cmcmarkets.com/group/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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