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CAPT Capital Ideas

0.055
0.00 (0.00%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capital Ideas LSE:CAPT London Ordinary Share GB0031453953 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Further re Board Change

07/12/2007 4:25pm

UK Regulatory


RNS Number:4859J
Capital Ideas PLC
07 December 2007


                       Capital Ideas plc (the "Company")

                        Correction to Directorate Change


The Company draws the market's attention to certain additional information which
relates to the Directorate Change and Holding(s) in Company announcement
released at 14.51 on 5 December 2007 under RNS number 1487J (the "5 December
Announcement"). The Company advises that the compensation package paid to Alun
Williams in connection with his resignation was incorrectly stated.  The correct
position is that the Company has agreed to pay him a total of #30,000 as
compensation for loss of office, such amount being payable on or before 20
December 2007.

The further #50,000 payment referred to in the 5 December Announcement was
payable to Academy of International Sports Limited (trading as The Sports
Academy), a company of which Alun Williams is Chairman and the sole shareholder,
for services that it provided to the Company, and not to Alun Williams in
respect of bonus payments as previously stated. #40,000 of the total has already
been paid with the remaining #10,000 due to be paid on or before 20 December
2007. This #50,000 is net of VAT of #8,750 which the Company has agreed will be
paid to The Sports Academy in February 2008.

In addition, and in relation to the appointment of Anita Madhas as a director of
the Company, the Company advises that Anita was also previously a director of
Valley Schools Plc until her resignation on 31 May 2007.


For further information, please contact:

Renwick Haddow         Capital Ideas plc                020 7623 3345
Daniel Bate            WH Ireland Limited               0161 832 2174
Ian Callaway           SVS Securities plc               020 7638 5600




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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