Colt Group S.A. Board Composition Changes


Commenting on the departure of Frans van den Hoven, Tim Hilton, Chairman, said: "Frans has been an exceptional Non Executive Director. Colt has had the good fortune of benefiting from his wise counsel and independence of thought since the original flotation of the company. We are grateful

Commenting on the departure of Tony Bates, Rakesh Bhasin, Chief Executive Officer, said: ‘Tony has played a leading role in creating a strong infrastructure for the Colt business. During his time as an Executive Director and as our CFO and latterly our COO, he has contributed to the development of Colt’s strategy, built and developed many of our key shared services functions and created a strong foundation on which we can now build. He has successfully managed a wide portfolio of our business activities and we are very grateful to him for the significant contribution that he has made to the Colt business. Colt will continue to benefit from this legacy. We would like to wish him well for the future’.

Enquiries:

Gill Maclean
Senior Manager, Investor Relations
Email: gill.maclean@colt.net
Tel: +44 (0) 20 7863 5314

Paul Osgood
Director, Marketing Communications
Email: paul.osgood@colt.net
Tel: +44 (0) 20 7863 5015

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