Adrian Biles removed from Ince Group board
By Josh White
Date: Monday 12 Sep 2022
(Sharecast News) - Legal, accounting, financial, consulting and pension advice service provider the Ince Group announced on Monday that Adrian Biles has been removed as a director with immediate effect.
The AIM-traded firm said the removal was the result of circumstances which could give rise to a conflict of interest between Biles and the company.
"As announced on 28 July and stated in the company's circular to shareholders on the same date, as part of the company's recent fundraising, Adrian Biles indicated his intention to step down as CEO and resign from the board, subject to and with effect from the conclusion of the fundraising which concluded on 16 August," the board said in its statement.
In addition, the Ince board announced that, following an expedited process and subject to final approval by the Solicitors Regulation Authority, Jillian Watt had replaced John Biles as the firm's head of finance and administration.
"We are delighted to welcome Jillian to the senior management team at Ince and look forward to benefiting from the breadth of her financial experience, particularly in the areas of cash control and debt collection," said chief executive officer Donald Brown.
At 1619 BST, shares in the Ince Group were up 2.27% at 4.5p.
Reporting by Josh White at Sharecast.com.
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