10th Jul 2015 06:55
LONDON (Alliance News) - Daniel Stewart Securities PLC Friday named the former chief executive of Sportingbet PLC, the online gaming company sold to GVC Holdings PLC and William Hill PLC in 2013, as an independent non-executive director.
McIver, who will sit on Daniel Stewart's audit committee, is part of the AIM-listed investment bank's efforts to strengthen its board, according to Chairman Peter Shea.
"To attract somebody of his market calibre is very pleasing for all stakeholders in our company. As well as having an excellent working knowledge of UK capital markets, he has also worked in Investment Banking and is a qualified Chartered Accountant," Shea said in a statement.
McIver joins just weeks after Daniel Stewart completed a GBP1.2 million equity raising through a subscription of ordinary shares designed to give it funds for working capital and strengthen its balance sheet.
The fundraising followed a period during which Daniel Stewart's shares were suspended from trading on AIM as it looked for a new nominated adviser - responsible for guiding and regulating AIM listed companies - to replace Westhouse Securities, which resigned from the role at the start of May. Daniel Stewart's new nomad is Beaumont Cornish Ltd.
In January, Daniel Stewart raised GBP1.5 million to plug a regulatory capital shortfall.
By Samuel Agini; [email protected]; @samuelagini
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