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Redbus MD departs

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Sep 30, 2002

Redbus Interhouse today announced that MD Kevin Neal has stepped down with immediate effect due to ill health. Neal, one of the company's founders, will retain a non-executive directorship until the end of this calendar year, easing the process of his departure from the company's perspective. His day-to-day duties will be split between executive chairman John Porter, who owns about 21% of the company, and sales director Mike Tobin. Shares remained level at 4p, capitalising the hosting group at £6m.

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