28th Jan 2010 07:00
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Press Release |
28 January 2010 |
Newmark Security plc
("Newmark Security" or "the Group")
Board Appointments
The Board of Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, announces today the appointment of Derek Bleythn to the Board as an Executive Director and David Ishag as a Non-Executive Director, both with immediate effect.
Derek Bleythn is currently the Managing Director of Grosvenor Technology, the Group's wholly-owned electronic division. Derek founded Grosvenor Technology in 1989 before the company was acquired by Newmark in 2003. Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range. Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities.
David Ishag gained a Law Degree from the London School of Economics and an MBA at Harvard Business School before working as a principal in the leverage buyout of Sabre; Gillette's surgical business. This was followed by several years in the film industry where he executed over US$1 billion in film deals, including Carlito's Way with Al Pacino, The Shadow with Alec Baldwin and the international rights to Austin Powers with Mike Myers. In 1997 David became a partner at Knowledge Universe, a private equity fund established by Mike Milken and Larry Ellison, based in Los Angeles. In 1999 he joined Idealab in Los Angeles and opened their London office in order to develop Idealab's US model of creating and supporting pioneering technology companies moving into Europe. Since leaving Idealab in 2003, David has been an active investor and advisor to a wide range of industries including oil, gas, mining, telecoms and financial services. He also acts as a special advisor to Financo, a leading boutique US investment bank that specialises in the retail industry.
Commenting on the appointments, Maurice Dwek, Chairman of Newmark Security, said: "We are delighted to welcome both Derek and David to the Newmark Board. Derek has been hugely instrumental in driving the Grosvenor division since the Group acquired it in 2003 and David has worked with some extremely dynamic people and companies, both in the UK and the US, so will bring considerable business accumen to the Board".
Disclosure of directorships under Schedule 2 of the AIM Rules
Derek John Blethyn, aged 58, is or has been a director or partner of the following companies or partnerships during the previous five years:
Current directorships/partnerships:
Grosvenor Technology Limited
Newmark Technology Limited
Stuarts (Bishops Stortford) Management Company Limited
Custom Micro Products Limited
Directorships/partnerships held within the previous five years:
None
There are no other matters which are required to be announced with regard to Mr Blethyn'sappointment under paragraph (g) of Schedule 2 of the AIM Rules.
David Ishag, aged 51, is or has been a director or partner of the following companies or partnerships during the previous five years:
Current directorships/partnerships:
Financo Limited
Directorships/partnerships held within the previous five years:
Silverscreen Limited
Silverscreen Limited went into administration on 29 March 2006 and compulsory liquidation in April 2007.
There are no other matters which are required to be announced with regard to Mr Ishag's appointment under paragraph (g) of Schedule 2 of the AIM Rules.
- Ends -
For further information:
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Newmark Security plc |
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Maurice Dwek, Chairman |
Tel: +44 (0) 20 7355 0070 |
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Brian Beecraft, Finance Director |
www.newmarksecurity.com |
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Seymour Pierce Limited |
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Mark Percy, Corporate Finance |
Tel: +44 (0) 20 7107 8000 |
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www.seymourpierce.com |
Media enquiries:
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Abchurch |
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Henry Harrison-Topham / Mark Dixon |
Tel: +44 (0) 20 7398 7729 |
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mark.dixon@abchurch-group.com |
www.abchurch-group.com |
Notes to editors
Newmark Security plc is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets. Operating through two established and wholly owned divisions, Grosvenor Technology (electronic) and Safetell (asset protection), the Group listed on AIM in 1997.
Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range. Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities. More information can be found at www.gtl.biz
Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment. Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains. More information can be found at www.safetell.co.uk
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