6th Oct 2005 09:00
Vitesse Media PLC06 October 2005 VITESSE MEDIA PLC (the "Company") Appointment of a director; Subscription for new Shares The board of Vitesse Media plc is pleased to announce the appointment of CliveHall as Finance and Operations Director (Executive) with effect from 6 October2005 Prior to joining the company, Clive was Group Finance Director of LGC Group forfive years, before working as a consultant with private equity firms for a year.Clive brings considerable general financial experience and contacts with theprivate equity sector. Clive is subscribing for 816,326 new ordinary shares of 10p each in the Company("Ordinary Shares") at 24.5p per share representing 4.78% of the issued sharecapital following this subscription. These new Ordinary Shares will be admittedto AIM on 12 October 2005. The funds will provide a war chest for smallacquisitions and provide additional working capital. Notes: The directorships held by Clive Jonathan Hall (aged 42) over the five yearspreceding the date of appointment were as follows: Previous: LGC Group Holdings Ltd, LGC Investments Ltd, LGC Holdings Ltd and LGCLtd. As at the date of this announcement and prior to the subscription referred toabove, Clive Hall does not own any shares in the capital of the Company. There are no other matters which are required to be announced as required underparagraph (f) of Schedule 2 of the AIM Rules. 6 October 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
BONH.L