Shore Capital Group Ltd Shore Capital Group Limited : Confirmation Of Directorate Change

 
TIDMSGR 
 
 
   Shore Capital Group Limited 
 
   ("Shore Capital" or the "Company") 
 
   Confirmation of Directorate Change 
 
   Further to the announcement of 29 March 2017, the Company is pleased to 
confirm that following receipt of regulatory approvals, Simon Fine and 
David Kaye have today been formally appointed to the Company's Board of 
Directors. 
 
   Simon Fine joined Shore Capital in 2002 as CEO of Shore Capital Markets, 
responsible for all aspects of trading and brokerage as well as the 
integration of related corporate broking activities. He is the former 
Managing Director and Co-Head of Pan European Equity Cash Trading at 
Lehman Brothers. Prior to that, Simon spent the previous 14 years at 
Dresdner Kleinwort Benson, latterly as Head of Pan European Equity Cash 
Trading developing its UK operations into one of the leading players in 
UK and German equities. 
 
   David Kaye graduated from Oxford University with a degree in law and was 
called to the Bar in 2000. David practised as a barrister at a leading 
London set of chambers for five years, specialising in advising on a 
range of complex commercial legal issues with a particular focus on 
financial investments and real estate. He joined Shore Capital in 
January 2006 and having been Commercial Director and General Counsel for 
the Group, became CEO of the asset management division on 1 May 2012. 
 
   - Ends - 
 
 
 
 
 
 
Enquiries: 
 Shore Capital 
 Lynn Bruce                                   [phone] 
Grant Thornton UK LLP (Nominated Adviser) 
 Philip Secrett 
 Jamie Barklem 
 Carolyn Sansom                               [phone] 
Bell Pottinger (Public Relations) 
 Jonathan Hodgkinson                          [phone] 
 
 
 
 
   The following information is required pursuant to Schedule 2(g) of the 
AIM Rules for Companies. 
 
   Simon Peter Fine (aged 52) currently holds, and has held (including all 
appointments during the five years preceding the date of this 
announcement), the following directorships and partnerships, other than 
of the Company: 
 
 
 
 
Current directorships/partnerships  Past directorships/partnerships 
Shore Capital Markets Limited       SCSF LLP 
Shore Capital Stockbrokers Limited  The Aquarius Film Company (No4) LLP 
Puma Nominees Limited 
The Zodiac Film Company (No.1) LLP 
The Zodiac Film Company (No.2) LLP 
Charterhouse Stockbrokers Limited 
 
 
   Simon Fine holds 283,407 ordinary shares of nil par value in the Company 
("Ordinary Shares) and 472,727 options in the Company. Simon Fine also 
holds 10,000 B redeemable shares in Shore Capital Markets Limited 
("SCML"), a subsidiary of the Company. 
 
   David Robert Kaye (aged 39) currently holds, and has held (including all 
appointments during the five years preceding the date of this 
announcement), the following directorships and partnerships, other than 
of the Company: 
 
 
 
 
Current directorships/partnerships      Past directorships/partnerships 
Shore Capital International Asset       Puma Hotels B2 Limited 
Management Limited 
Puma Property Advisors Limited          Palmer Lending Limited 
Puma Property Investment Advisory       Primrose Lending Limited 
Limited 
Realty Investment Advisors Limited      Mayfield Lending Limited 
Brandenburg Realty Limited              Lavender Lending Limited 
Brandenburg Realty CFC Limited          Meadow Lending Limited 
Brandenburg Realty Poolco Limited       Bayswater Lending Limited 
Brandenburg Realty Holdings LP          Victoria Lending Limited 
Lancaster Lending Limited               Sloane Lending Limited 
PI Administration Services Limited      Marble Lending Limited 
Shore Capital Fund Administration       Tottenham Lending Limited 
Services Limited 
Puma Investment Management Limited      Piccadilly Lending Limited 
Shore Capital Trading Limited           Valencia Lending Limited 
Shore Capital Investments Limited       Buckhorn Lending Limited 
Shore Capital International Limited     Lothian Lending Limited 
Shore Capital Finance Limited           Latimer Lending Limited 
Shore Capital Management Limited        Paramount Hotels Limited 
Shore Capital Group plc                 Carlton Hotel (Edinburgh) Limited 
Shore Capital Corporate Services        Paramount Hotels Holdings Limited 
Limited 
Shore Capital Limited                   Furlong Cotswolds Limited 
Shore Capital Treasury Limited          Paramount Hotels (Hinckley) Limited 
Puma Brandenburg Limited                Scottish Highland Hotels Limited 
Puma Investments Limited                Paramount Hotels Investments Limited 
                                        Combe Grove Manor Hotel & Country Club 
                                        Limited 
                                        Paramount Hotels Group Limited 
                                        Paramount Hotels (Basingstoke) Limited 
                                        Old Ship Hotel (Brighton) Limited 
                                        Furlong Hotels Limited 
                                        Paramount Hotels (Daventry) Limited 
                                        Stirling Highland Hotel Limited 
                                        Paramount Hotels Walton Hall Limited 
                                        The Lygon Arms Hotel Limited 
                                        Paramount Hotels Services Limited 
                                        UK Group Of Hotels plc 
                                        K.M. Radcliffe Limited 
 
   David Kaye resigned as a director of each of the following companies on 
1 October 2013: 
 
   Carlton Hotel (Edinburgh) Limited; Paramount Hotels Holdings Limited; 
Furlong Cotswolds Limited; Paramount Hotels (Hinckley) Limited; Scottish 
Highland Hotels Limited; Paramount Hotels Investments Limited; Combe 
Grove Manor Hotel & Country Club Limited; Paramount Hotels Group 
Limited; Paramount Hotels (Basingstoke) Limited; Old Ship Hotel 
(Brighton) Limited; Furlong Hotels Limited; Paramount Hotels (Daventry) 
Limited; Stirling Highland Hotel Limited; Paramount Hotels Walton Hall 
Limited; The Lygon Arms Hotel Limited; Paramount Hotels Services 
Limited. He resigned as a director of Paramount Hotels Limited on 16 May 
2014. 
 
   In respect of each of those companies listed in the paragraph above, an 
administrator was appointed on 11 September 2014 and each of those 
companies has since been dissolved. Mr Kaye resigned as a director of UK 
Group of Hotels plc on 16 September 2013. An administrator was appointed 
on 4 August 2014 and the Company was dissolved on 7 November 2015. 
 
   David Kaye holds 57,994 Ordinary Shares and 245,000 options in the 
Company. 
 
   On 24 March 2017 Shore Capital International Asset Management Limited 
("SCIAML") a subsidiary of the Company, awarded 378,192 growth shares to 
David Kaye. The award is subject to relevant approvals. As part of the 
transaction, SCIAML will acquire Mr Kaye's existing shares in Puma 
Investment Management Limited ("PIML") in exchange for 222,000 ordinary 
shares in SCIAML. Following the transaction, SCIAML will own 91.85% of 
PIML and accordingly Mr Kaye's holding of ordinary shares in SCIAML will 
equate to his existing economic interest of 20.39% in PIML. Subject to 
meeting specific growth targets for the profitability and value of the 
SCIAML business within a 10 year period. Mr Kaye's holding of growth 
shares together with his holding of ordinary shares in SCIAML will in 
aggregate represent a maximum entitlement of 43.55% of SCIAML which will 
equate to an economic interest of 40.00% in PIML. 
 
   There are no further disclosures to be made in accordance with Rule 17 
and Schedule 2(g) of the AIM Rules. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Shore Capital Group Limited via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

May 19, 2017 02:00 ET (06:00 GMT)

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