Accuma Group PLC
21 August 2006
Press Release 21 August 2006
Accuma Group Plc
('Accuma' or 'the Company')
Result of EGM, Placing
and
Directorate Changes
Result of EGM and Placing
At today's EGM to approve the acquisitions of Byrom & Keeley Financial Services
Limited and Loan Line (Holdings) Limited and the associated placing to raise £18
million, the necessary resolution was passed by shareholders.
Admission of the new ordinary shares issued pursuant to the placing is expected
to take place with effect from tomorrow, 22 August 2006, and completion of the
acquisitions shortly thereafter.
Board Appointment
The Board of Accuma is pleased to announce the appointment of Lesley Ann Gregory
(aged 46) as a Non Executive Director with immediate effect. Lesley will sit on
the Remuneration Committee.
Lesley is a senior corporate finance partner with Memery Crystal LLP and has
extensive experience of floating companies on AIM and the Official List, and of
acquisitions. Memery Crystal has advised Accuma since flotation.
The following information is disclosed pursuant to Schedule 2 (g) of the AIM
Rules:
Current Directorships:
Emcee Nominees Limited
Current Partnerships:
Memery Crystal LLP
Previous partnerships:
Memery Crystal
There is no other information to disclose in accordance with Schedule 2 (g).
Board Restructuring
In view of the increased size of the Group and reach of the Group's activities,
the Board of Accuma has been restructured. Robert Benjamin and Nicola Francis
have resigned as directors of Accuma Group Plc with immediate effect but will
remain on the board of Accuma Insolvency Practitioners Limited. In addition
they will join an Operational Board which will comprise the executive directors
of the Group board and representative directors of the operating subsidiaries.
The Group Board now comprises:
Charles Taylor - Non Executive Chairman
Charles Howson - Chief Executive
Samantha Poole - Finance Director
Lesley Gregory - Non Executive Director
Commenting on today's announcement Charles Howson, Chief Executive of Accuma
Group Plc said:
'These acquisitions transform Accuma into a full platform consumer financial
solutions provider. In addition to being immediately earnings enhancing they
will significantly decrease the Group's client acquisition costs due to
cross-selling activities and referrals between operating subsidiaries.
We are entering an exciting period in the growth of the Group and I am therefore
delighted that Lesley Gregory has agreed to join the Board of Accuma. As a
partner with Memery Crystal Lesley has provided excellent advice to us since our
flotation on AIM and her appointment significantly strengthens the Board.'
- ends -
For further information:
Accuma Group plc
Charles Howson, Chief Executive Tel: +44 (0) 161 751 6787
charles.howson@accumagroup.com www.accumagroup.com
Daniel Stewart & Co.
Corporate Finance - Lindsay Mair Tel: +44 (0) 20 7776 6550
Corporate Broking - Tom Jenkins
lindsay.mair@danielstewart.co.uk www.danielstewart.co.uk
Media enquiries:
Abchurch
Sarah Hollins/ Louise Thornhill Tel: +44 (0) 113 203 1340
sarah.hollins@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange