Lon.Fin.&Inv.Grp. Directorate Change

 
TIDMLFI 
 
London Finance & Investment Group P.L.C. 
 
(Incorporated in England with registered number 201151) 
 
LSE code: LFI 
 
JSE code: LNF 
 
ISIN: GB0002994001 
 
("Lonfin" or "the Company") 
 
APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND DIRECTOR DECLARATION 
 
The Company announces that Edward Beale was appointed as a non-executive 
director of the Company on 13 April 2016. 
 
Mr Beale is a Chartered Accountant and is the chief executive of City Group 
P.L.C., the Company's subsidiary, company secretary and administrator.  Up 
until August 2013, Edward was a member of the Accounting Council of the 
Financial Reporting Council.  He is currently a member, and previously 
chairman, of the Corporate Governance Expert Group of the Quoted Companies 
Alliance.  He is the non-executive chairman of Marshall Monteagle PLC and is a 
non-executive director of Western Selection P.L.C., Finsbury Food Group Plc and 
Swallowfield plc. 
 
                As previously announced on 1 March 2016, Mr Beale was granted 
options over 80,000 ordinary shares of 5 pence each in the capital of the 
Company ('Ordinary Shares') on 29 February 2016 ('Date of Grant'), being an 
eligible employee under the rules of the London Finance & Investment Group 
Company Share Option Plan (the 'Plan') as chief executive of City Group P.L.C. 
The options have an exercise price of 37.5 pence per Ordinary Share, pursuant 
to the Plan, based on the average of the middle market quotations for the 
Ordinary Shares for the three immediately preceding business days. The options 
shall not normally be exercised earlier than the third anniversary of the Date 
of Grant and shall normally lapse upon the tenth anniversary of the Date of 
Grant. 
 
                There are no other details that are required to be disclosed in 
respect of Mr Beale's appointment under paragraph 9.6.13 of the Listing Rules. 
 
In accordance with Listing Rule 9.6.14 (2), the Company further announces that 
on 13 April 2016 Lloyd Marshall, a non-executive director of the Company, was 
appointed as a non-executive director of Western Selection P.L.C., a company 
listed on the ISDX Growth Market, which is 44% owned by the Company. 
 
14 April 2016 
 
Enquiries to: 
 
London Finance & Investment Group P.L.C. 
 
Telephone: [phone] 
 
JSE Sponsor 
 
Sasfin Capital (A division of Sasfin Bank Limited) 
 
 
 
END 
 

(END) Dow Jones Newswires

April 14, 2016 11:30 ET (15:30 GMT)