RNS Number : 2391P
Walker (Thomas) PLC
20 March 2009
Date: Friday 20th March 2009
Thomas Walker PLC
Board Update
Thomas Walker PLC ('Thomas Walker' or 'the Company') announces that John Lomer, the Group's Finance Director, has requested the Board to allow him to stand down temporarily from his duties with immediate effect.
Mr Lomer has informed the Board that he wishes to participate, as a prospective buyer, in discussions to acquire one of the Company's trading subsidiaries. In order to manage any possible conflicts of interest, the other members of the Board have resolved that it is in the best interests of the Company to agree to Mr Lomer's request. Accordingly, whilst these discussions are continuing, Mr Lomer will be taking no further part in the management of the Company.
There can be no certainty that the discussions with Mr Lomer will lead to an agreement for the disposal of any of the Group's businesses. Further updates will be provided in due course.
Enquiries:
Bill Good
Group Managing Director
Thomas Walker plc
Tel: 0121 486 4100
Colin Smith
Arden Partners plc
Tel: 0121 423 8940
Katie Dale
Golley Slater
Tel: 0121 384 9743
This information is provided by RNS
The company news service from the London Stock Exchange
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