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Directorate Change

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RNS Number : 1615T
Ebiquity PLC
12 November 2019
 

Ebiquity Plc                                          

 

("Ebiquity" or the "Company")

 

Directorate change

 

 

Ebiquity plc, a leading independent marketing and media consultancy, today announces that Michael Karg will be stepping down as a director and CEO with immediate effect. Ebiquity's CFO Alan Newman will assume the role of interim CEO while the search for a permanent CEO is undertaken.

 

Michael will remain an employee of the business until the end of 2019 to support Alan and ensure a smooth transition and handover period.

 

Rob Woodward, Chairman commented:

 

"On behalf of the Board, I would like to thank Michael for his significant contribution to Ebiquity over the past four years. Michael has transitioned the business towards becoming a more streamlined consultancy aligned to the demands of the evolving marketing and media environment and with a stronger balance sheet. We wish him well for the future."

 

Following today's announcement, the Company will postpone its Capital Markets Event scheduled for 19th November 2019. A further announcement will be made in due course.

 

12 November 2019

 

Enquiries:

 

Ebiquity plc

Alan Newman (Interim CEO and CFO)

 

Via Instinctif Partners

 

Instinctif Partners

Matthew Smallwood

Guy Scarborough

 

020 7457 2020

Numis Securities Limited

Nick Westlake, Hugo Rubenstein (NOMAD)

Matt Lewis

020 7260 1000

 


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Quick facts: Ebiquity PLC

Price: 37

Market: AIM
Market Cap: £28.09 m
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