5th Sep 2007 12:03
Debt Free Direct Group PLC05 September 2007 5 September 2007 DEBT FREE DIRECT GROUP PLC ("Debt Free Direct" or the "Company") Directorate Change and Timing of Strategy Update The board of Debt Free Direct is pleased to announce the appointment of SimonGilbert to the board as a Non-executive Director with effect from today. Simon Gilbert, aged 37, is Investment Principal at Hanover Investors, asignificant shareholder in Debt Free Direct with a stake of 18%. Commenting on the appointment, Mike Blackburn, Chairman said: "Simon's experience in business strategy and mergers and acquisitions will bevaluable to the Group as it continues to broaden its range of activities. Iwarmly welcome his appointment." There is no further information, in relation to Mr Gilbert's appointment, whichis required to be disclosed pursuant to AIM Rule 17 The Company is also pleased to announce that it will update investors with theresults of an ongoing strategic review, alongside the interim results, inNovember. This review will address the changes and opportunities arising in therapidly evolving debt solutions sector and ensure the Company is well-positionedto take advantage of these opportunities. Enquiries: Debt Free Direct Group plc Andrew Redmond, Chief Executive Officer 0845 296 0100Paul Latham, Finance Director 0845 296 0200 Numis SecuritiesLee Aston 020 7260 1000 Financial DynamicsEd Gascoigne-Pees 020 7269 7132Nick Henderson 020 7269 7114 Notes: Debt Free Direct helps individuals find the best solution to their debtproblems, based upon an analysis of their particular financial circumstances.Financial information on an individual is processed through a computer model(the Best Advice Model) developed by Debt Free Direct in order to recommend asolution suitable for that individual's particular financial circumstances. Thesolutions offered range from basic advice, such as simply destroying creditcards and curbing unnecessary expenditure, to the following solutions: • consolidation loan • re-mortgage • informal arrangement • individual voluntary arrangement (IVA) • bankruptcy Debt Free Direct is unique in the marketplace in that, unlike most of itscompetitors who sell specific products, Debt Free Direct looks to provide thebest advice to the consumer and recommends them the most appropriate service. Debt Free Direct is based in Chorley, Lancashire, and was admitted to AIM inDecember 2002. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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