Directorate Change

 

TIDMBQS 
 
RNS Number : 9249X 
Baqus Group PLC 
25 August 2009 
 

FOR RELEASE0700                                     25 August 2009 
 
 
 
 
BAQUS GROUP PLC 
("Baqus" "the Group") 
 
 
Roger Knowles to stand down as Chairman of Baqus Group Plc 
 
 
Baqus announces the resignation of Roger Knowles from the Board of the Group 
with effect from Monday, 31 August 2009. Mr Knowles is standing down for 
personal reasons having served as Chairman since the Group was admitted to 
trading on AIM in December 2007. He will continue to act as a consultant to the 
Group. 
 
 
Clive Sayer, Baqus Chief Executive, commented: 
 
 
"On behalf of the Board, I would like to thank Roger for his leadership and 
guidance during the flotation process and Baqus's early years on AIM. It was his 
vision that laid the foundations for Baqus to become one of the first publicly 
quoted quantity surveying companies in the UK. Going forward, the Board will 
operate under the firm guidance of Norman Cave, the senior Non-Executive 
Director." 
 
 
Contact: 
 
 
Baqus Group plc 
Clive Sayer (Chief Executive)07967 132221 
Patrick Lineen (Finance Director) 
07818 034 452 
 
 
Seymour Pierce (Nominated Adviser and Broker) 
Mark Percy                                                              020 7107 
8000 
 
 
Cubitt Consulting (Financial Public Relations Advisers) 
Brian Coleman-Smith                                                     020 7367 
5100 
James Verstringhe 
 
 
Background Note: 
 
 
Baqus was admitted to trading on AIM on the 14 December 2007, having raised 
GBP1.75 million through a placing of 17,500,000 Ordinary Shares. 
 
 
Baqus is a national building consultancy and quantity surveying group offering 
construction cost consultancy, project management and building surveying 
services to clients in the UK. The Group works across a number of business 
sectors including: health, education, leisure, hospitality, affordable housing, 
residential, commercial and conservation. Clients include local authorities, 
central government, NHS, residential Housing Associations, commercial companies 
and developers. 
 
 
The Quantity Surveying Market in the UK, estimated to be worth in excess of GBP1 
billion, is highly fragmented and dominated by a small number of major players, 
which the Baqus Group Directors believe make it ripe for consolidation. Since 
the Group's admission to AIM, they have been pursuing a strategy of acquiring 
small to medium sized Quantity Surveying practices across the country, the most 
recent of which is Nigel Rose Group. Previous activity includes the acquisition 
of Sworn King and Partners and the signing of a share option agreement to 
acquire Liverpool based transport and infrastructure specialist, Brian Hannaby & 
Associates. Once acquired, the practices are incorporated into the wider Group 
with a particular emphasis on exploiting opportunities for operational synergies 
with existing business units. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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