1 September 2016
Ascential plc (LSE: ASCL.L, "Ascential" or the "Company") notes the sale of shares announced by its principal shareholders, funds advised by Apax ("Apax") and Guardian Media Group plc ("GMG"). Following these share sales Tom Hall (Apax) and David Pemsel (GMG), serving Shareholder Directors, will step down from the Ascential Board effective 5 September 2016.
Scott Forbes, Chairman, said:
"I would like to thank Tom and David for their contribution to Ascential both prior to our successful initial public offering this past February and during the six-month transition period following. The Company has recruited and established a strong and fully code-compliant Board which consisted of an independent non-executive Chairman, two executive directors and four independent non-executive directors. The Board is now fully established and well positioned to lead the governance and strategic direction of the Company for the benefit of the shareholders."
FTI Consulting +44(0)203 727 1000
Edward Bridges, Matt Dixon
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