30th Aug 2006 07:00
IG Group Holdings plc30 August 2006 IG Group Holdings plc (the "Company") Appointment of director Further to the announcement made by the Company in relation to the appointmentof Steven Clutton as finance director, the following disclosures are madepursuant to paragraph 9.6.13R of the Listing Rules of the UK Listing Authority(the "Listing Rules"): 1) Mr Clutton was a director of i-21 Holdings Limited between 30 May 2000 and 11 November 2002. On 15 November 2002 the directors of i-21 Holdings Limited petitioned for the appointment of a receiver. On 19 November 2002 a receiver was appointed by the company's bank. At that time i-21 Holdings Limited had bank debt of £259m and shareholder loans of £827m. 2) Mr Clutton was a director of i-21 Future Communication Limited, a wholly owned subsidiary of i-21 Holdings Limited, between 5 June 2000 and 11 November 2002. On 15 November 2002 the directors of i-21 Future Communication Limited petitioned for the appointment of a receiver. On 18 November 2002 a receiver was appointed by the company's bank. At that time i-21 Future Communication had bank debt of £37m and liabilities to the bank under cross guarantees of £222m, as well as other creditors of £3m. Both companies remain in administrative receivership. There are no furtherdisclosures required to be made pursuant to paragraph 9.6.13R of the ListingRules. For further information please contact IG Group 020 7896 0011Tim Howkins Financial Dynamics 020 7269 7200Rob BailhacheNick Henderson www.iggroup.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
IG