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DJ DagangHalal PLC Directorate Changes and Suspension of Trading

TIDMDGHL

RNS Number : 6520L

DagangHalal PLC

04 October 2016

4 October 2016

DagangHalal plc

("DagangHalal" or the "Company")

Directorate Changes and Suspension of Trading

DagangHalal, the world's first global e-marketplace to address the need for Halal verification, announces the following changes to its Board of Directors following the Company's Annual General Meeting ("AGM") that was help today, Tuesday 4 October 2016.

At the AGM, the following Directors were not re-elected: Mohamed Hazli Mohamed Hussain, John Croft and Kashif Aslam. All other resolutions put to the meeting were duly passed.

Following the directorate changes the Board now comprises the following Directors:

-- YBhg. Datuk Haji Muhadzir bin Mohd Isa ("Datuk Haji Muhadzir"), Non-Executive Chairman and co-founder

   --      Francis Chong, Managing Director and co-founder 
   --      Charles Ng, Independent Non-executive Director 

A search for a replacement for Mohamed Hazli Mohamed Hussain has commenced. In the interim period, Francis Chong, Managing Director and co-founder, has assumed the role of CEO with immediate effect.

As a consequence of the changes made to the Board of Directors at the AGM, the Company has requested that ISDX Regulation suspends trading in the Company's ordinary shares (pursuant to Rule 78) with immediate effect pending further information as to the Company's proposed plans regarding board composition.

The Company will update shareholders as the matter progresses and further announcements will be made at the appropriate time.

For further information, please contact:

DagangHalal via FTI Consulting

Rizal Alang Zari, Chief Financial Officer

Arden Partners +44 (0)20 7614 5900

James Felix / Patrick Caufield (Corporate Finance)

Optiva Securities +44 (0)20 3137 1902

Vishal Balasingham

FTI Consulting +44 (0) 20 3727 1000

Chris Lane / Rob Mindell /Elena Kalinskaya

This information is provided by RNS

The company news service from the London Stock Exchange

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October 04, 2016 08:15 ET (12:15 GMT)