RNS Number : 2629J
29 March 2018
('Trifast', the 'Group' 'TR')
"HOLDING THE WORLD TOGETHER"
Leading international specialists in the engineering, manufacturing and distribution
of high quality, industrial fastenings to major global assembly industries
LONDON: THURSDAY 29 MARCH 2018: Trifast announces that with effect from 31 March 2018 Geoffrey Budd, Commercial Director and European Managing Director will step down from the Main Board. Geoff joined the Board when Trifast listed on the London Stock Exchange in 1994. Prior to that Geoff had been a member of the TR Fastenings Board since 1986. Overall he has served the business for 42 years. On behalf of colleagues and investors the Board would like to thank Geoff for the huge contribution and guidance he has provided to the business throughout his tenure.
Although Geoff has decided to relinquish his Board duties he will remain working with the operational team at TR Fastenings with responsibilities for the commercial and technical aspects of the business in the UK, Europe and Asia.
Malcolm Diamond, Chairman said:
"I would personally like to thank Geoff for his wise counsel and camaraderie over the years through both challenging and exciting times; together we have seen both the business and its people flourish. As a Company we are also delighted that Geoff has chosen to remain in an operational mentoring capacity with us; he has extensive knowledge of the industry which is invaluable to pass down to the next generation of leaders within the business. "
Mark Belton, CEO added:
"Geoff has been a big part of the TR family since the early days and over my 19 years I have had the privilege of working closely with him, learning about the industry for which I thank him. From an operational stance he will remain part of the business, allowing us to retain his greatly respected experience and vast knowledge of our industry as well as his ability to get straight to the point."
The Group expects to provide a trading update in mid-April ahead of the results for the year ending 31 March 2018 which are scheduled to be released on Tuesday, 12 June 2018.
Enquiries please contact:
Malcolm Diamond MBE, Non-Executive Chairman
Mark Belton, Chief Executive Officer
Tel: +44 (0) 1825 747630
Peel Hunt LLP (Stockbroker & financial adviser)
Tel: +44 (0)20 7418 8900
TooleyStreet Communications (IR & media relations)
Tel : +44 (0)7785 703523
Email : email@example.com
LSE Premium Listing: Ticker: TRI
LEI REFERENCE: 213800WFIVE6RWK3CR22
Trifast is a leading international specialist in the engineering, manufacturing and distribution of high quality industrial fastenings to major global assembly industries. We are a 24/7 'full service provider' offering 'end-to-end' support to all our customers. Our success and ongoing growth is based on a unique mix of high quality manufacturing, sourcing know-how and adaptable, reliable global logistics. Key sectors are automotive, domestic appliances, electronics and distributors. The Group employs c.1,200 staff across 30 global locations across the UK, Europe, Asia and the USA.
For more information, please visit
Group website: www.trifast.com
Registered trademarks are shown in italic
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
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