Richard Alsept steps down from Stilo

Stilo announced on Thursday that by mutual agreement, Richard Alsept is resigning from his position as director, CFO and company secretary as of 12 September, subsequent to the anticipated announcement on 1 September of its interim results for the 6 months ended 30 June.

The AIM-traded company said management of its finance and accounting activities will in future be managed primarily out of Stilo's Canadian office, located in Ottawa, where the majority of the operations emanate and staff are located.

Its board anticipates that a UK-based company secretary will be appointed in the coming days, and will be the subject of a separate announcement.

“The board would like to thank Richard for his contribution, over many years, to the ongoing success of Stilo,” it said in a statement.