TIDMHUME

RNS Number : 5358G

Hume Capital Securities PLC

08 May 2014

8 May 2014

Hume Capital Securities Plc

(the "Company" or "Hume")

Resignation of Nitin Parekh

The Board announces the resignation of Mr Parekh as Chief Executive Officer of the Company and the appointment of Jonathan Freeman, a non-executive director of the Company, as Interim Chief Executive Officer with immediate effect.

The Board is currently undertaking a review of the Company, and in particular, is looking to ensure that the Company's financial resources are adequate to fund the business for the foreseeable future. In this regard, the Board is in advanced discussions with a group of investors who have indicated that they are willing to provide funding into the company should this be necessary in either the short or medium term.

The Board will make further announcements regarding this in due course.

Enquiries:

Hume Capital Securities Plc

Peter Middleton (Chairman)

Jonathan Freeman (Interim CEO)

+44 (0)20 3693 1470

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / Melanie Frean / Jamie Barklem

+44 (0)20 7383 5100

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAUBRKRSVAVRAR

Xcap Securities (LSE:XCAP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Xcap Securities Charts.
Xcap Securities (LSE:XCAP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Xcap Securities Charts.