- Chemicals company investor Wilmcote said chief executive Adrian Whitfield and chief financial officer Kevin Dangerfield had both agreed to stand down, with immediate effect.

Non-executive director John McAdam had also left the company.

The departures followed a recent decision to conclude negotiations with potential acquisition target Arclin, Wilmcote said.

'The board continue to hold discussions with shareholders regarding the future of the company and will release a further announcement in due course,' it added.

At 9:06am: [LON:WCH] Wilmcote Holdings Plc share price was -1p at 53p

Story provided by