SysGroup says trading in line as CFO departs

SysGroup has agreed with CFO Michael Hogan that he step down from the board and leave the group with immediate effect. The Group continues to trade in line with management expectations, it said.

"The Group has sufficient resources within its existing finance function to meet its reporting requirements for the short to medium term," SysGroup said in a statement.

"The process to recruit a new Chief Financial Officer has commenced and a further update will be provided in due course.

"The Group continues to trade in line with management expectations.

"Since the disposal of the SME mass market business in July 2016, the Group has redoubled its efforts on developing managed services opportunities while focussing on the integration of System Professional Ltd.

"The Board will provide a further update when it announces its interim results for the six-month period ended 30 September 2016, on Wednesday 14th December 2016."