COG Financial Services Appoints Non-Executive Chair, Shares Up 16%

MT Newswires Live

03-27

COG Financial Services (ASX:COG) said Patrick Tuttle will resign as chair of its board, according to a Wednesday Australian bourse filing.

The company appointed Tony Robinson to succeed as non-executive chairman, the filing added.

Robinson was involved with the company's growth and sales through the takeover of PSC Insurance Group and is currently a shareholder of the company.

It proposed to grant each of Tony Robinson 2.5 million unlisted options, with an exercise price of AU$1.30, expiring March 31, 2028, subject to shareholder approval.

The company's shares rose 16% in recent Thursday trade.

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