9th Sep 2005 07:02
ITE Group PLC09 September 2005 9 September 2005 ITE Group Non-Executive Directorate Change ITE Group plc ("ITE"), the international exhibitions group specialising inemerging and developing markets, announced today that Christopher Russell, anon-executive Director of ITE and a representative of Veronis Suhler Stevensonon the ITE Board, has tendered his resignation as a director of ITE withimmediate effect. Mr Russell's resignation follows the reduction in VeronisSuhler Stevenson's shareholding after ITE's recent share buy back. The Board of ITE now comprises four non-executive directors and four executivedirectors. Veronis Suhler Stevenson continues to retain one representative onthe Board. Iain Paterson, ITE's Chairman, said: "Chris has been a valuable member of theBoard since Veronis Suhler Stevenson's investment in ITE in November 2000. Wehave all enjoyed working with Chris and we wish him the very best for thefuture." - Ends - Enquiries: Ian Tomkins Tel: 020 7596 5000Chief Executive, ITE Group plc Charles Palmer Tel: 020 7831 3113Financial Dynamics Note to editors' The media company ITE Group plc has a full listing on the LSE and specialises inB2B exhibitions, primarily in emerging and fast growing Eastern Europeanmarkets. Key figures: - 140+ events in 15 countries - key sectors: construction; oil & gas, travel; food; motor & transport; textiles & fashion; IT & Telecoms - key geographic areas of operation: Russia, Ukraine, Kazakhstan, Azerbaijan, Uzbekistan, Turkey, South Africa, UK - 10%+ growth in exhibition space in 2004 to 276,000 sq m - 2004 turnover £60.8m and headline profit before tax of £18.1m This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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