24th Jul 2007 07:00
Polar Capital Holdings PLC24 July 2007 Polar Capital Holdings plc Appointment of Directors Polar Capital Holdings plc (the "Company"), the specialist asset managementgroup, is pleased to announce the appointment of two non-executive directorswith immediate effect. Mr Tom Bartlam has accepted the Board's invitation to join the Board as anon-executive director and Chairman elect. Mr Bartlam was a managing director ofIntermediate Capital Group plc which he co-founded from 1989 until hisretirement in 2005. He remains on its board as a non-executive director and isnon-executive Chairman of Pantheon International Participations and a nonexecutive director of Numis Corporation plc and F&C UK Select Trust plc. MrBartlam takes up the position of non executive director on 24 July 2007 and willbecome Chairman following the AGM on 19 September 2007. As announced at the IPO, Mr Hale, the current Chairman will stand down asChairman but will remain as a non-executive director. Mr Hugh Aldous, has also accepted the Board's invitation to become anon-executive director with effect from 24 July 2007 and to be Chairman of theAudit Committee of the Board. Mr Aldous is a partner in Grant Thornton and wasformerly a partner in RSM Robson Rhodes from 1976 where he was latterly head ofits financial services team. Mr Aldous is also Chairman of The Eastern EuropeanTrust plc, and formerly Chairman of its audit committee from 1996, anon-executive director of Innospec Inc, where he has been a member of the auditcommittee since 2004, Chairman of the audit committee at Henderson TR PacificInvestment Trust plc since 2003 and a director of Elderstreet VCT which hejoined earlier this year. Mr Kary, Chief Executive, commented "I am delighted to welcome Tom Bartlam and Hugh Aldous to the Board and believethat their wealth of experience will prove invaluable in the next stage of theCompany's development. I would also like to pay tribute to Charles who has beenChairman since 2002 and has played an important and strategic role in thedevelopment of the Company." Additional details as required by Rule 17 specified in schedule 2, paragraph (g). Tom Bartlam (aged 59) Holding in the Company's ordinary shares: Nil Directorships in previous five years: Current: Intermediate Capital Group plc, Pantheon International Participationsplc, Numis Corporation plc, F&C UK Select Trust plc, Blounce Farms Limited, 39Acres (SW) Limited, The Leonard Cheshire Foundation. Past: Elmville Limited, Homebuy Group Plc. Mr Bartlam was appointed a non-executive director of Homebuy Group plc in May2006 and resigned in October 2006. On 15 September 2006 Homebuy Group plc wasplaced in administration. Save for the information disclosed above there is no other information to bedisclosed under schedule two, paragraph (g) of the AIM rules. Hugh Aldous (aged 63) Holding in the Company's ordinary shares: 10,000 Ordinary Shares of 2.5p (0.014%of the total issued ordinary shares) Directorships in previous five years: Current :The Eastern European Trust plc, Henderson TR Pacific Investment Trustplc, Innospec Inc (formerly Octel Corp), Elderstreet VCT plc (and formerlyElderstreet Millennium VCT plc), Smart Education Limited. Past: Craegmoor Limited, RSMi Limited, Tensim Limited Save for the information disclosed above there is no other information to bedisclosed under schedule two, paragraph (g) of the AIM rules. Enquiries: Mark Kary, Chief Executive or John Mansell, Chief Operating Officer+44 (0)20 7227 2700ORFinancial DynamicsEd Gascoigne-Pees +44 (0)20 7269 7132 / Felicity Murdoch +44 (0)20 7269 7243 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Polar Capital