4th May 2007 11:03
Stanley Gibbons Group Limited04 May 2007 The Stanley Gibbons Group Limited4 May 2007 The Stanley Gibbons Group Limited ('Stanley Gibbons' or 'the Company') Appointment of Director Stanley Gibbons, the stamp dealers and publishers, is pleased to announce thatDr Stephen David Sjuggerud has been appointed to the Board of the Company today as an Executive Director. Steve Sjuggerud, 35, graduated from the University of Florida in 1992 with adegree in Finance. He went on to complete an MBA at the University of CentralFlorida and then obtained a Ph.D in Business at the University of Orlando (nowBarry University). Since 1996 Steve has worked for Agora, Inc, a major international publishing house based in the US, as an investment analyst publishing independent investment research. His investment letter is one of the world's largest, with approximately 77,000 paid subscribers. In addition, he has also worked as an investment analyst for a New York based hedge fund with over US$900 million under management. Steve has conducted considerable research into the performance of "alternative assets," including rare stamps and coins, against traditional asset classes, and has written extensively and lectured on the subject. He is an avid collector, and owns rare stamps, coins, and autographs, amongst other collectibles. Paul Fraser, Chairman of Stanley Gibbons, said, 'We are delighted that Steve Sjuggerud has joined Stanley Gibbons. With his extensive background in investing, publishing, and collectibles, he provides anexceptional fit to our executive team. Steve is based in the U.S., which provides us with key representation in the important North American market in line with our strategy to expand geographically. We believe that his wealth of knowledge will assist the Company in developing the business to achieve new levels of profitability. This makes him an ideal addition to our Board.' Note: The following details to be disclosed under Schedule 2(g) of the AIM Rules. SD Sjuggerud has a beneficial interest in 20,000 Ordinary 1p Shares in Stanley Gibbons, representing approximately 0.08 per cent. of the issued share capital of the Company. There are no other matters required to be disclosed pursuant to paragraph (g) of schedule 2 of the AIM Rules. For more information, please contact: The Stanley Gibbons Group LimitedPaul Fraser, Chairman T: 020 7836 8444Michael Hall, Chief Executive Seymour Pierce LimitedJonathan Wright T: 020 7107 8000Liam O'Donoghue This announcement is also available on the Stanley Gibbons website:www.stanleygibbons.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SGI.L