Resignation of Director
Satsuma Technology PLC announced the resignation of director Henry Elder, with his duties to be assumed by Ranald McGregor-Smith as Executive Chair, and Clive Carver will temporarily support the company's continuing obligations as a listed entity. These appointments are temporary and subject to review at the upcoming Annual General Meeting or sooner if alternative executive directors are appointed. The Board is also considering shareholder resolutions to appoint Nicholas Lee and Paddy Dean to the Board and will provide an update on its recommendation shortly.
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The Company announces that Henry Elder has agreed with the Board to resign as a director of the Company and to end his employment with effect from today.
Henry Elder's duties will be assumed for the time being by Ranald McGregor-Smith who will become Executive Chair. The Board has also agreed with Clive Carver that he will fulfil a temporary executive role, principally to support the Company's ongoing compliance with its continuing obligations as a listed company in light of the FCA's correspondence in December 2025 referred to in the prospectus dated 17 December 2025.
Shareholders should note that these appointments are temporary and will be subject to review at the Company's Annual General Meeting or sooner should alternative executive directors be appointed.
The Board is continuing to discuss with shareholders the requisitioned resolutions to appoint Nicholas Lee and Paddy Dean to the Board and will update shareholders on their recommendation as soon as possible.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.