Paragon Entertainment Limited Directorate Change (2758U)

TIDMPEL

RNS Number : 2758U

Paragon Entertainment Limited

16 January 2017

 
 Date:       16 January 2017 
 On behalf   Paragon Entertainment Limited ("Paragon", 
  of:         the "Company" or the "Group") 
 For immediate release 
 

Paragon Entertainment Limited

Board Changes

Paragon Entertainment Limited (AIM:PEL), the attractions design, production and fit-out business, is pleased to announce the appointment of David Bridgford as a Non-Executive Director of the Company with effect from 1 February 2017.

Mr Bridgford has over 14 years' experience in the entertainment sector with his most recent role being at Merlin Entertainments Group plc. At Merlin, David was Strategy Director for six years and prior to that, director of corporate finance. During his time at Merlin, David led the acquisitions of Sydney Attractions Group and Living & Leisure.

David qualified as a chartered accountant at Touche Ross and subsequently became a Partner in the Corporate Finance team at Deloitte. He was then Director of Corporate Finance at The Tussauds Group for 5 years where he advised on the group's strategy, led the GBP95 million acquisition of the London Eye Company and managed The Tussaud Group's GBP1 billion sale to Blackstone Capital Partners, the private equity firm.

The Company also announces that effective today, Mark Taylor, who has been serving as Executive Chairman since September 2014, will be changing roles to Non-Executive Chairman.

Mark Taylor, Chairman of the Company said

"We are delighted to welcome David to the board. He brings with him a wealth of experience in both the entertainment sector and corporate finance. His experience and knowledge will be a valuable addition and will be very beneficial for us in continuing to grow the Paragon business."

 
 
   For further information: 
 
   Paragon Entertainment Limited 
   Mark Taylor (Chairman) 
 
   finnCap Ltd                         01904 608020 
   Julian Blunt / Simon Hicks 
   (corporate finance) 
   Alice Lane (corporate broking)      020 7220 0500 
 

Notes to Editors:

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design production and consulting through to the fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks, inter alia.

Paragon Entertainment is the holding company for Paragon Creative Limited.

The Group's projects have included:

   --     The build of Rolling Stones 'Exhibitionism' at the Saatchi Gallery, London; 
   --     The design and build of Kidzania, London; 

-- The design and build of galleries at the Olympic Museum for the IOC in Lausanne, Switzerland;

   --     The design and build of the galleries at The National Museum of Kazakhstan; 
   --     The design and build of Titanic Belfast; 
   --     The thematic build of the Wallace and Gromit ride at Blackpool Pleasure Beach; 

The Group listed on AIM in 2011.

Further information can be found at: http://www.paragonent.com.

The following information regarding David John Martin Bridgford, aged 54, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current Directorships        Directorships held in past 
                               5 years 
 Gosmere Farm Barns           Tussauds Group (UK) Pension 
  Management Company           Plan Trustee Limited 
  Limited 
 Brunswick Place Management 
  Co 
 Leeds Castle Enterprises 
  Ltd 
 Denly Consulting 
  Limited 
 

As at the date of this announcement, Mr Bridgford is not beneficially interested in any Ordinary Shares in the Company.

There are no other matters which are required to be announced under Schedule 2(g) of the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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January 16, 2017 09:26 ET (14:26 GMT)