600 Group PLC (AIM:SIXH) – what caused the abrupt resignation of the CEO?
600 Group PLC, the diversified engineering group, today announced a trading update for the period ended 28th March 2015. Unfortunately the positive update was slightly overshadowed by the news of the resignation of the Group’s CEO.
This resignation comes as rather a shock, particularly as (ex) CEO Nigel Rogers bought 150,000 shares only a couple of months ago. His sudden departure from 600 Group rather lends itself to the question – what was the argument about?
In February Mr Rogers led the Group to a fund raising by an issue of loan notes which allowed them to acquire 80% of the US laser marking business TYKMA and repay some existing…
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