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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Addworth | LSE:ADW | London | Ordinary Share | GB00B05KLT09 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.375 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1977O Addworth PLC 18 February 2008 18 February 2008 Addworth Plc New Director Appointment Addworth Plc ("Addworth" or the "Company"), the AIM 'active capital investor', announces the appointment of Frans Timmermans as Finance Director, effective today. Frans will replace Rob Painting, who has been acting in an interim role. Rob will remain on the Board and revert to his original role as Non-Executive Director. Frans (aged 61), who has been employed by Addworth as its Financial Controller since October 2006, was born and educated in the Netherlands but has lived and worked in England since 1969. He started his career in accountancy with The Nestle Company in Croydon, later working for a number of different businesses in the London Area. In 1981, Frans joined the Gallagher Group, a privately owned construction company in the Midlands as company accountant, returning to London to take up a similar position with fledgling international film distributor Glinwood Films in 1985. This company went through a period of rapid growth based on the success of multi Oscar winner, 'The Last Emperor'. As Director of Finance, Frans was involved with both the international distribution and financing of the films Glinwood Films handled. Since the mid 1990's, Frans has run his own accounting business working with small and medium sized companies. He is also Company Secretary to a number of PLUS-quoted and AIM companies, many of which have been set up by Addworth. Addworth Chairman, Mark Watson-Mitchell, commented: "Frans has already proved to the Board the skill sets he can bring to Addworth through his acting position as Financial Controller for the Company. We are delighted he has accepted our invitation to move up as Finance Director. In addition, we have seamlessly replaced Rob Painting while still retaining his invaluable experience on our Board and I would like to take this opportunity to thank Rob Painting for taking the interim role so we could fill this role with the diligence it deserves." In accordance with Schedule Two, paragraph (g) of the AIM Rules for Companies, the following information is provided: Mr. Franciscus (Frans) Johannes Maria Timmermans holds, or has in the last five years held, the following directorships and/or partnerships. Current directorships/partnerships Former directorships/partnerships held within the last 5 years Acomptare Limited Connaught Foods Limited Fairytales Of The World Limited Living Neon Dreams Limited Farmers' Market In The City Limited The Celtic Bakers (Holdings) Limited Investors In Film Limited The Celtic Bakers (Wheat-Free) Limited Plus Investors Limited Sans Soucis Bakery Limited Yellowcake plc Frans holds no ordinary shares in the Company but has options in the Company for 500,000 ordinary shares. Frans was a director of Film Trustees Limited when the company was placed into creditor's voluntary liquidation in July 1992. Frans was declared bankrupt in April 1994. In August 1994, Frans entered into an individual voluntary arrangement and his bankruptcy order was annulled. The individual voluntary arrangement was completed in August 1996. There is no further information required to be disclosed in respect of the above appointment, pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies. -Ends- For further information: Addworth Plc Tel: 0207 638 8750 Mark Watson-Mitchell www.addworth.co.uk Nabarro Wells & Co. Limited Tel: 0207 7710 7420 Hugh Oram Notes to Editors Addworth Plc (AIM: ADW), which gained admission to AIM on 3 February 2005, was formed primarily to act as an 'active capital investor'. The focus is upon the growth of capital value and the generation of fee income from: establishing and funding newly quoted sector focused companies; acquiring and developing companies with growth potential; and taking minority equity positions in undervalued smaller listed companies. This information is provided by RNS The company news service from the London Stock Exchange END BOATPMBTMMMBBAP
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