News and Views

RNS Number : 3209V
W.H. Ireland Group PLC
20 July 2018
 

WH Ireland Group Plc

 

(“WH Ireland” or the “Company”)

 

Shareholder Update

Directorate Change

 

The Board of WH Ireland has noted the release of the TR1s, earlier today, confirming a change of shareholdings in the Company.

Integrated Financial Services For Buying and Selling Securities W.L.L., the subsidiary of Kuwaiti European Holding Group (“KEH Group”) which holds the KEH Group shares in WH Ireland has today transferred 6,525,079 Ordinary Shares in the Company for nil consideration, and accordingly now hold no Ordinary Shares in the Company.

At the same time Mr Abdulaziz Al-Bader has confirmed he has received 2,750,000 Ordinary Shares in the Company and accordingly now holds 2,750,000 Ordinary Shares representing 9.21% of the issued share capital; Mr Waleed Al-Thaqeb has confirmed he has received 1,220,000 Ordinary Shares  in the Company and accordingly now holds 1,220,000 Ordinary Shares representing 4.09% of the issued share capital; and Mr Thamer Al-Wazzan has confirmed he has received 2,555,079 Ordinary Shares in the Company and accordingly now holds 2,555,079 Ordinary Shares representing 8.56% of the issued share capital.

As the KEH Group holding has now fallen to nil the Relationship Agreement announced on 28 November 2016 (the “Relationship Agreement”) is no longer binding and ceases to apply to the Company. As a consequence of the termination of the Relationship Agreement, KEH Group no longer has a right to appoint a director to the board of the Company and accordingly Humphrey Percy has stepped down as a director of the Company with immediate effect.

Tim Steel, Chairman commented: “On behalf of the Board, I would like to thank Humphrey for his contribution and advice during the significant transition of the business since he joined the Board. I wish him well for the future.”

For further information please contact:

WH Ireland Group plc                                                                                    www.whirelandplc.com

Tim Steel, Chairman                                                                                      +44(0) 20 7220 1666

 

   SPARK Advisory Partners Limited

 

   Mark Brady/Miriam Greenwood

                              +44(0) 203 368 3551/3550

 

 

   MHP Communciations

 

 

Reg Hoare                                                                                                           +44 (0) 2013 128 8793

 

 

 

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