Nigel Parry to exit Datrontech subsidiary Portable AddOns
No date given for leaving party
Nigel Parry, managing director of Datrontech subsidiary Portable AddOns is leaving the company. A source close to Parry said he was likely to be returning to New Zealand early next year.
By that time his earn-out period will have finished, the source confirmed. When Datrontech acquired Portable AddOns, the takeover was negotiated on a share swap basis. (See related story, Datrontech chief says company will turn round) Datrontech's share price at that time was well over the £3 mark. The share price now stands at 30 pence, and Parry was unavailable for comment on how much money, personally, he stood to make. ®