Roy Stanley, the Company's principal shareholder and former Chairman, has informed the Board that, in order to devote more time to his other business interests and in order to avoid any future potential conflicts of interest, he no longer wishes to stand for re-election at the Company's Annual General Meeting ("AGM") which is to be held later today. Accordingly he will retire from the Board immediately post the AGM.
Roy Stanley was the creator of today's Optare business, when he reversed Darwen Group into Optare in June 2008, and will remain as the Company's largest shareholder. The Board would like to thank Roy for his hard work and dedication to the Company over the last few years.
John Fickling, Chairman, Optare plc +44 (0) 845 838 9901
Mike Dunn, CFO, Optare plc
Stephen Keys/Camilla Hume +44 (0) 20 7397 8900
Cenkos Securities plc
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