21st Aug 2006 13:04
Accuma Group PLC21 August 2006 Press Release 21 August 2006 Accuma Group Plc ("Accuma" or "the Company") Result of EGM, Placing and Directorate Changes Result of EGM and Placing At today's EGM to approve the acquisitions of Byrom & Keeley Financial ServicesLimited and Loan Line (Holdings) Limited and the associated placing to raise £18million, the necessary resolution was passed by shareholders. Admission of the new ordinary shares issued pursuant to the placing is expectedto take place with effect from tomorrow, 22 August 2006, and completion of theacquisitions shortly thereafter. Board Appointment The Board of Accuma is pleased to announce the appointment of Lesley Ann Gregory(aged 46) as a Non Executive Director with immediate effect. Lesley will sit onthe Remuneration Committee. Lesley is a senior corporate finance partner with Memery Crystal LLP and hasextensive experience of floating companies on AIM and the Official List, and ofacquisitions. Memery Crystal has advised Accuma since flotation. The following information is disclosed pursuant to Schedule 2 (g) of the AIMRules: Current Directorships: Emcee Nominees Limited Current Partnerships: Memery Crystal LLP Previous partnerships: Memery Crystal There is no other information to disclose in accordance with Schedule 2 (g). Board Restructuring In view of the increased size of the Group and reach of the Group's activities,the Board of Accuma has been restructured. Robert Benjamin and Nicola Francishave resigned as directors of Accuma Group Plc with immediate effect but willremain on the board of Accuma Insolvency Practitioners Limited. In additionthey will join an Operational Board which will comprise the executive directorsof the Group board and representative directors of the operating subsidiaries. The Group Board now comprises: Charles Taylor - Non Executive Chairman Charles Howson - Chief Executive Samantha Poole - Finance Director Lesley Gregory - Non Executive Director Commenting on today's announcement Charles Howson, Chief Executive of AccumaGroup Plc said: "These acquisitions transform Accuma into a full platform consumer financialsolutions provider. In addition to being immediately earnings enhancing theywill significantly decrease the Group's client acquisition costs due tocross-selling activities and referrals between operating subsidiaries. We are entering an exciting period in the growth of the Group and I am thereforedelighted that Lesley Gregory has agreed to join the Board of Accuma. As apartner with Memery Crystal Lesley has provided excellent advice to us since ourflotation on AIM and her appointment significantly strengthens the Board." - ends - For further information: Accuma Group plc Charles Howson, Chief Executive Tel: +44 (0) 161 751 [email protected] www.accumagroup.com Daniel Stewart & Co. Corporate Finance - Lindsay Mair Tel: +44 (0) 20 7776 6550Corporate Broking - Tom [email protected] www.danielstewart.co.uk Media enquiries: Abchurch Sarah Hollins/ Louise Thornhill Tel: +44 (0) 113 203 [email protected] www.abchurch-group.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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