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LONDON - SIG plc, a leading distributor of specialist building products, announced today that non-executive Director Gillian Kent will not seek re-election and is set to retire at the upcoming Annual General Meeting scheduled for May 1, 2025. Kent has served on the board for six years.
The company’s Chairman, Andrew Allner, expressed gratitude for Kent’s contributions, stating, "On behalf of the Board I would like to thank Gillian for her contribution over the last six years. We wish her every success in her future endeavours."
SIG’s Board remains confident in its collective capabilities to advance the company’s strategic goals following Kent’s departure. The Board plans to review its composition to ensure it maintains a balance of skills, experience, and knowledge necessary for the company’s future progress.
In line with regulatory requirements, SIG confirmed that there would be no remuneration payments to Kent in connection with her departure beyond her existing director’s fee entitlements. The company emphasized that she will not receive any payment for loss of office.
This announcement was made in accordance with the London Stock Exchange (LON:LSEG) regulations and the Financial Conduct Authority’s guidelines. The information is based on a press release statement.
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