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Hamilton, Bermuda – 11 February 2021 – In a filing with the Bermuda Stock Exchange (“BSX”), The 600 Group Plc (the "Company”), have issued a directorate change announcement dated 10 February 2021. The filing stated:

  

The 600 Group PLC

Directorate Change

 The 600 Group PLC (the "Group"), the diversified industrial engineering company (AIM: SIXH), announces that G. Mitchell (Mitch) Krasny, Chief Financial Officer, has stepped down as a director of the Group with immediate effect by mutual agreement.

 

A formal process to identify a successor has been initiated and the Group’s robust subsidiary level finance functions remain unaffected by this directorate change. Until such time as a CFO is appointed, the Group’s finance function will be headed by senior non-board Group finance personnel.

 

Further announcements will be made, as appropriate, in due course.

 

Enquiries: 

The 600 Group PLC Paul Dupee, Executive Chairman	Tel: 01924 415000
Instinctif Partners Mark Garraway Rosie Driscoll	Tel: 0207 457 2020
Cenkos Securities plc (Nominated Adviser and Broker) Ben Jeynes / Max Gould (Corporate Finance) Alex Pollen (Sales)	Tel: 020 7397 8900

 

About The 600 Group PLC

The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principle areas of activities:

Machine Tools

The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and a global distribution network.

Precision Engineered Components

Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products are sold via specialist distributors to OEMs, including other machine builders.

Industrial Laser Systems

Industrial laser systems cover laser marking and processing including cutting, drilling, ablation and a host of other niche applications in the marking and micro machining sectors. They require no consumables and can operate on a continuous high speed basis and can be integrated into customers' production lines. The businesses have their own technology and proprietary software. Customer applications are diverse and range from aerospace to medical and pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.

More information on the Group can be viewed at: www.600group.com 

 

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For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.