Directorate Change (4745Y)

TIDMAMBR

RNS Number : 4745Y

Ambrian Capital PLC

22 December 2010

22 December 2010

AMBRIAN CAPITAL PLC

DIRECTOR APPOINTMENT

Ambrian Capital plc ("Ambrian" or the "Group") is pleased to announce the appointment of Julian Alexander McIntyre as a non-executive director.

Mr McIntyre (aged 35) is a successful entrepreneur and investor. He was a founder and controlling shareholder of Gateway Communications Group ("Gateway"), a pan African telecommunications business that established infrastructure in over 40 African countries

Mr McIntyre is also founder and currently a principal of MWB Capital, a private investment company which currently holds 7.77 per cent of the issued share capital of Ambrian Capital PLC.

In accordance with Schedule 2(g) of the AIM Rules, Mr McIntyre has held the following directorships and partnerships in the past 5 years:

Gateway Telecommunications Plc, Gateway Communications (UK) Ltd, Gateway Communications Africa (UK) Ltd, Gateway Telecommunications Finance Plc, Gateway Communications SA, GS Telecom Ltd, Gateway Telecoms Integrated Services Ltd, Spar Aerospace (Nigeria) Ltd, GS Telecom Africa Ltd, GS Telecom Angola Ltd, Gs Telecom (Ghana) Ltd, Gateway Communications Mozambique Ltd, Gateway Communications Tanzania Ltd, Gateway Communications (PTY) Ltd, GS Telecom (PTY) Ltd, Gateway Broadcast Services Ltd, The African Christian Network Ltd, GTV (Zambia) Ltd, Gateway Telecommunications SA (PTY) Ltd, GTV (Tanzania) Ltd, GTV (Uganda) SARL, GTV (Mozambique) Ltd, GTV (Cameroon) SARL, GTV (Kenya) Ltd, GTV (Botswana) (PTY) Ltd, Gateway Broadcast Services (Ghana) Ltd, Gateway Broadcast (Mauritius) Ltd, Gateway Broadcast Services Namibia (PTY) Ltd, GTV (RDC) SARL, Right to Play UK Ltd.

Gateway Broadcast Services Ltd ("GBS"), and its parent company, Gateway Broadcast (Mauritius) Ltd ("GBM"), of which Mr McIntyre was a director, were put into administration on 26 January 2009, and following a board resolution a liquidator was appointed on 12 February 2009. The primary operating company, GBS had unsecured creditors of GBP196,376,410, of which GBP159,790,128 were intercompany creditors, primarily loans from the ultimate parent company Gateway Telecommunications SA (PTY) Ltd. Recovery to creditors was 4.546p in the pound.

Save for the above, there are no other details to be disclosed under Schedule 2(g) of the AIM Rules.

Enquiries

 
 Ambrian Capital plc 
 Tom Gaffney, Chief Executive    + 44 (0)20 7634 4700 
 
 Macquarie Capital (Europe) 
  Limited 
 Simon Law                       + 44 (0)20 3037 5237 
 Nicholas Harland                + 44 (0)20 3037 2369 
 
 M: Communications 
 Charlotte Kirkham               + 44 (0)20 7920 2330 
 Ann-Marie Wilkinson             [phone] 
 

Notes to Editors:

AMBRIAN CAPITAL PLC

Ambrian Capital plc (AIM: AMBR) is a specialist natural resources investment bank active in Commodities, Corporate Finance & Equities and Principal Investments.

Commodities

Ambrian Metals Limited is an independent physical metals supplier with a particular strength in refined copper. Through Ambrian Metals' offices in London and Shanghai and agents in New York, Santiago, Sao Paulo, Seoul and Tokyo, it sources non-ferrous metals from producers for distribution to an international client base of metals consumers and merchants.

Ambrian Energy Limited is a newly established physical energy trading company focused on the supply of bio-fuels and crude oil.

Corporate Finance & Equities

Ambrian Partners Limited is known in the market for its leading positions in the metals & mining, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Principal Investments

Ambrian Principal Investments Limited is an investment company which holds the Group's principal investment portfolio. It is managed by Ambrian Asset Management Limited, which is authorised and regulated by the Financial Services Authority.

Further information on Ambrian is available on the Company's website: www.ambrian.com

This information is provided by RNS

The company news service from the London Stock Exchange

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