28th Sep 2007 11:04
Adamind Ltd28 September 2007 28 September 2007 Adamind Limited (the "Company") Directorate Change The Company announces that in conjunction with the ongoing cost-reduction inoperations, Mr Shailendra Jain's service as chief executive of the Company hasbeen terminated with immediate effect. The termination is in accordance with theterms of his employment termination agreement. Mr Jain will remain a member of the Board of Directors of the Company togenerally assist with the distribution of Company funds to shareholders and thewinding down of its affairs. Dr. Orna Berry, Executive Chairperson of Adamind, said: "The Board would like tothank Shailendra for his professionalism and the tremendous efforts he has putinto the Company. This change is part of the ongoing cost reductions in thecompany's operations. The board looks to complete the total wind-down as soon aspossible" Enquiries:AdamindDr. Orna Berry, Executive Chairperson +972 9 971 9111 Corfin CommunicationsHarry Chathli, Neil Thapar +44 20 7977 0020 Landsbanki Securities, Nominated AdviserSimon Bridges +44 20 7426 9000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Adams