Nov 2016 Financial News

Prestige Holdings Limited - Retirement of Director

Nov 24, 2016

NOTICE TO SHAREHOLDERS OF PRESTIGE HOLDINGS LIMITED (PHL) REGARDING CHANGES TO THE COMPANY’S BOARD OF DIRECTORS

PORT OF SPAIN, November 24, 2016 – PHL wishes to advise that Joseph P. Esau has retired from the Board of Directors after 19 years of service effective November 18, 2016.

The Company and Board would like to thank Mr. Esau for his dedication and invaluable contribution to PHL during his tenure as Chairman (1997 to 2012) and then as Director (2012 to 2016). In 1997, Mr. Esau headed negotiations with PepsiCo for the acquisition of PHL by Victor E. Mouttet Limited taking the Company public in 1999. During his tenure on the Board, PHL enjoyed exponential growth moving from 2 brands, 37 restaurants, 1,100 employees and $80 million in assets to 5 brands, 118 restaurants, 3,500 employees and $500 million in assets to become Trinidad and Tobago’s leading restaurant management company.

The Prestige family would like to take this opportunity to wish Mr. Esau continued success in all his future undertakings.

Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday November 24, 2016