13th Dec 2007 07:01
Spice PLC13 December 2007 13 December 2007 Spice plc Board changes and appointments Spice plc ("Spice" or "the Company") announces today that Carl Chambers, itsGroup Corporate Development Director, is to step down from the Group Board andwork part time for the Company so that he can pursue wider interests. No leavingdate has been set but it is expected that, as Carl's wider interests grow, hewill leave Spice during the middle of 2008. Following a review it has beendecided that this role will in future be represented at Spice's Operating Boardrather than the Main Board. Peter Burridge, who is currently Managing Director of our Telecoms business,will take over this important role as Group Corporate Finance Director, in orderto continue identifying value-enhancing acquisitions and ensuring theirsuccessful integration within Spice. Peter has extensive acquisitions andcorporate finance experience and has worked for Spice for nearly six years. MikeNorfield, who has been Managing Director of Team Simoco for three years, willbecome Managing Director of our Telecoms business and also a member of theSpice's Operating Board. Spice is also pleased to announce the appointment of Andy Philip Catchpole (aged59) to the Main Board of the Company as Group Strategy and Development Director.Andy will combine this role with his existing role as Managing Director of ourElectricity business. Andy joined Spice in 2005. Prior to this, he held seniorpositions with 24/7, TXU Europe, Hanson and Eastern Electricity. Andy is currently a Director of the following wholly owned subsidiaryundertakings of Spice; The Freedom Group of Companies Limited, Freedom UtilityServices Limited, Freedom Transport Limited, G-map Professional ServicesLimited, Freedom Network Solutions Limited, Eastern Private Network ManagementLimited, Maintenance and Technical Services (Midlands) Limited, BaineportEngineering Services Limited, Lamva Limited, KMN Group Limited, KMN ConsultingLimited, KMN Communications Limited and KMN Structures Limited. Within the pastfive years, Andy has also been a Director of Eastern and Southern ElectricalConnections Limited. Andy owns 99,332 ordinary shares of 10 pence each in Spice and holds unvestedoptions over 269,811 ordinary shares at exercise prices of between £nil and£2.18. No further disclosures are required under Schedule 2 paragraph (g) of the AIMRules. Simon Rigby, Chief Executive Officer commented: "Carl has been associated with Spice for over 13 years now. He worked with theoriginal MBO team and has been full time with us for eight years, helping steerSpice from nothing to its position today. Carl has always been interested inthe development of smaller businesses and, as we look ahead to our move to theOfficial List, I understand entirely Carl's desire to get back to his first "love" and wish him well for the future. "At the same time I am delighted welcome Andy as an Executive Director of Spice.Andy has made a huge contribution to the development of our Electricity Servicesbusiness and I believe that Andy can help the wider Group achieve its ambitionsto replicate our success in Electricity within our other markets." - ends - Enquiries: Spice plc - Tel: 0113 384 3838Simon Rigby, Chief Executive OfficerOliver Lightowlers, Group Finance Director Financial Dynamics - Tel: 020 7831 3113Billy CleggCaroline Stewart KBC Peel Hunt (Nominated Adviser and Broker) - Tel: 020 7418 8900Julian Blunt NOTES TO EDITORS Spice plc Spice is a support services business providing Total Utility Support Services.The Group's operations were founded in 1996 and have their origins in theelectricity industry, though the range of activities has since been expandedinto the water sector, niche telecommunications services, the public sector,energy management and commercial facilities management. Spice's businesses havea common theme of delivering and co-ordinating infrastructure services tocustomers, and the technological element within the product mix has been builtup significantly over the course of the last three years. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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