Business
Corporate Update & Change of Adviser
Corporate Update & Change of Adviser.
About this update from Norman Broadbent Plc
[{"type":"text","content":"\n \nRNS Number : 6628O Norman Broadbent PLC 22 August 2017 \n\nNorman Broadbent plc\n(\"Norman Broadbent\" or \"the Company\" or \"the Group\")\nCorporate Update\nNorman Broadbent plc (AIM: NBB) - a leading provider of Talent Acquisition & Advisory Services, comprising Board and Executive Search, Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive-level Recruitment Solutions announces the appointment of Gary Browning as Strategic Adviser to the Board and CEO, the appointment of WH Ireland as Nominated Adviser and Broker, the issue of a £300,000 Loan Note and the commencement of CFO Succession Planning.\nAppointment of Gary Browning as Strategic Advisor to the Board and CEO\nNorman Broadbent is pleased to announce the appointment of Gary Browning as a Consultant and Strategic Adviser to the Board and CEO.\nGary Browning's role at Norman Broadbent will be to provide advice and support in the areas of strategic opportunities, market and competitive developments and to assist in the execution of Norman Broadbent's growth plan.\nGary Browning's appointment brings the benefit of over 20 years' relevant sector experience to the Company. Gary joined Penna Consulting plc, the international human resources consulting group, in 2002. He was Chief Executive from 2005, when the business was capitalised at approximately GBP25m, until 2016 when the business was sold to ADECCO S.A. for GBP105m. His earlier career included 12 years with WPP Group plc where, from 1997 to 2002, he was Managing Director of BDG McColl Ltd.\nGary Browning is currently a Non-Executive Director at CloudCall plc; a Non-Executive Director and Advisor at Lee Hecht Harrison Penna; Board Advisor to MyKindaFuture; a Non-Executive Director at Talking Talent Ltd, a Non-Executive Director at Employment Conditions Abroad, Board Advisor to AMEO ltd and a Director (National Advisory Board) of Career Ready. \nChange of Adviser\nThe Company is also pleased to announce that it has appointed WH Ireland Limited as its Nominated Adviser and Broker with immediate effect.\nIssue of Secured Loan Notes\nThe Company has raised £300,000, through the issue of secured loan notes (\"2017 Loan Notes\"). The 2017 Loan Notes are being subscribed for by the MI Downing UK Micro Cap Growth Fund.\nThe 2017 Loan Notes will be repayable on 22 Augus...