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Prestbury chief operating officer resigns

Prestbury’s chief operating officer and co-founder Stephen Keenan resigned as director of the company yesterday.

Keenan will remain a consultant to the company for a minimum of six months, and subject to quarterly reviews beyond that.

Keenan is understood to be working on the launch of a bridging lender.

The news follows the collapse of management buy-out talks earlier this year, which could have seen the network de-listed from AIM.

Keenan says: “As co-founder and one of Prestbury’s largest shareholders, I will continue on a personal and professional level to be passionately committed to the Prestbury business and will continue to work with chief executive Lee Birkett and the Prestbury team as required.

“Prestbury is a great business with great people and I confirm my support for the executive directors. I can also confirm I will be retaining my shareholdings in Prestbury Holdings.”


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