19th Oct 2005 16:43
PartyGaming Plc19 October 2005 19 October 2005 PartyGaming Plc Board Appointment PartyGaming Plc, the world's leading online gaming company, announces theappointment of Janos Libor to the Board of PartyGaming Plc as a non-executivedirector with immediate effect. As disclosed in the Company's listing particulars, under the terms of therelationship agreement between the Company and Ruth Parasol and Russell DeLeondated 14 June 2005, these principal shareholders have the right to nominate forappointment to the Board a suitable person whilst they together have an interestof 15 per cent or more of the Company's issued share capital. Ruth Parasol andRussell DeLeon have nominated Janos Libor and after considering the nominationthe Board and its Nomination Committee have approved the appointment. Janos Libor, 40, is a graduate of the Sorbonne, University of California andHarvard Business School. Janos is Managing Director of Timber Cove, a privateinvestment management company. He previously was a strategy Consultant and heldsenior positions within Abeam Consulting, Deloitte Consulting and McKinseyworking in North America and the Far East There are no disclosures to be made under Listing Rule 9.6.13. The Board is currently in the process of selecting an individual to be appointedto the Board as an additional independent non-executive director so as to retainthe balance of independent and non-independent directors (excluding theChairman). In the meantime the Board is satisfied that it can maintain asufficient degree of independence to effectively and properly discharge itsobligations under the Combined Code on Corporate Governance. An announcementregarding this additional appointment will be made in due course. Commenting on today's Board appointment, Michael Jackson, Chairman ofPartyGaming Plc said: "The Board looks forward to working with Janos. He will make an excellentcontribution and will bring important skills and experience to PartyGaming." Contacts: PartyGaming Plc +44 (0)20 7337 0100Peter Reynolds, Director of Investor RelationsJohn Shepherd, Director of Corporate Communications Financial Dynamics +44 (0)20 7831 3113Edward Bridges / Juliet Clarke This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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