Board changes at Worthington

Worthington Group announces the appointment of Douglas Ware and David Simpson to the Board of Directors of Worthington Group. It also announces that the current Directors, Anthony Cooke, Peter Townsend and John Taylor have resigned from the Board with immediate effect.

Cooke, the outgoing Non-Executive Chairman, was pleased to acknowledge the plans that the incoming Directors have for the future of the Company: these include the immediate placing of ordinary shares in the Company to the value of at least Â£125,000 to be issued at the par value of 10p and further details will be announced when the arrangements have been made.

Ware has also already indentified some potential acquisitions for the Company. Cooke and his fellow Directors wished them every success with their future plans.

Story provided by StockMarketWire.com

01/06/2012