Produce Investments appoints Robert Johnston and Barrie Clapham to the Board as Non-Executive Directors

– UK, Duns – Produce Investments plc (AIM:PIL), a leading operator in the fresh potato and daffodil sectors, announces the appointment of Robert Johnston and Ronald Barrie Clapham to the Board as Non-Executive Directors with immediate effect.

Robert Johnston is the principal representative of the Jerry Zucker Revocable Trust, the largest shareholder in the Company, owning 6,897,136 shares, representing c. 25.6% of the Company’s issued share capital.

Barrie Clapham is a former Director and Chairman of the Company, having held that position from the Company’s inception in 2006 until its AGM in November 2016, when he stood down after serving two five-year terms as Chairman. Barrie has a beneficial interest in 5,928,059 shares, representing c. 22.0% of the Group’s issued share capital.

Neil Davidson, Chairman of Produce Investments, commented: “At this important stage in the development of the Company we believe that it will be helpful to have our largest shareholders represented on the Board. Robert has an excellent track record in helping companies to achieve ambitious growth plans, and Barrie brings considerable knowledge of both the Company and our industry. I am pleased to welcome them both to the Board and I and my fellow directors look forward to working with them to develop the business and so generate significant incremental value for all our shareholders.”

For more information : https://www.produceinvestments.co.uk

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