Printer Friendly

LEP GROUP ANNOUNCES RESIGNATIONS OF TWO DIRECTORS

 GREENWICH, Conn., Nov. 20 ~PRNewswire~ -- LEP Group plc (NASDAQ-NMS: LEPGY) today announced the resignations of its Finance Director, John East and its Human Resources Director, Mike Kirkman.
 Mr. East joined the LEP board in December 1988 and was integral in the restructuring of the group approved by shareholders on Aug. 24, 1992. That exercise having been successfully completed John East and the board have now agreed that it is an appropriate time for him to pursue his other interests.
 The board of LEP Group has also agreed with Mr. East that he will continue to have an ongoing relationship with LEP Group in assisting current litigation and with the investigations which the chairman, David N. James, has instigated arising out of substantial losses incurred referred to in the audited accounts of LEP Group for the year ended Dec. 31, 1991.
 Mr. Kirkman joined the board in June 1991 at a time when the group was beginning to experience certain well publicized difficulties. He took an active part in the negotiations leading to the restructuring of the group and that having been successfully completed he and the board have now agreed that it is an appropriate time for him to pursue his other interests.
 David James said "Both Mr. East and Mr. Kirkman provided continuity to the group during difficult times. A smooth handover now having been effected it has been agreed that they will both leave to pursue other interests.
 The company wishes both of them well for the future."
 LEP's ordinary shares trade in the form of ADRs on the NASDAQ National Market System under the symbol "LEPGY."
 -0- 11~20~92
 ~CONTACT: David N. James of LEP Group plc, 011-44-372729595, or George V. Flagg of National Guardian, 203-531-3500, for LEP Group plc~
 (LEPGY)


CO: LEP Group plc ST: Connecticut IN: SU: PER

SH-OS -- NY042 -- 3467 11~20~92 15:08 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 20, 1992
Words:313
Previous Article:SPINNAKER SOFTWARE CORPORATION ANNOUNCES FIRST QUARTER LOSS OF $300,000
Next Article:LEP GROUP NAMES DIRECTORS


Related Articles
GRANT TO SUCCEED READ AS CHAIRMAN OF LEP GROUP PLC
LEP GROUP ANNOUNCES DISPOSAL OF SWIFT TRANSPORT SERVICES LIMITED
LEP GROUP ANNOUNCES PROPOSED TEMPORARY ALTERATION TO BORROWING POWERS SECTION 142 OF THE COMPANIES ACT 1985
LEP OBTAINS SUPPORT IN PRINCIPLE FOR RESTRUCTURING OF ITS BANK DEBT
LEP GROUP REPORTS RESULT OF EXTRAORDINARY GENERAL MEETINGS
LEP GROUP PLC ANNOUNCES RESTRUCTURING PROPOSALS, BOARD CHANGES, AND PRELIMINARY FINANCIAL STATEMENTS
LEP GROUP REPORTS RESULT OF EXTRAORDINARY GENERAL MEETING AND ANNUAL GENERAL MEETING
LEP GROUP NAMES DIRECTORS
LEP GROUP PUTS SWISS BANK HOUSE UP FOR SALE
EXTENSION OF LEP GROUP PLC FACILITY AGREEMENT

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters