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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ebtm | LSE:EBTM | London | Ordinary Share | GB00B0BHCS10 | 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% | 0.09 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:8158R EBTM PLC 08 April 2008 EBTM.L EBTM plc ("EBTM" or the "Company") APPOINTMENT OF GROUP FINANCE DIRECTOR EBTM plc, the online retailer and wholesaler of music inspired fashion, announces the appointment of Ian Richard Collins, aged 40, as Group Finance Director with immediate effect. He is a qualified Chartered Accountant with 16 years' post qualification experience, largely gained at senior management positions including within the music industry. Prior to joining EBTM, Ian was Director of Financial Planning and Analysis at Sanctuary Music Group ("Sanctuary") from June 2006 until December 2007. While at Sanctuary, he was part of the team that turned the Recorded Music Department's performance around in two years to a break even position from a £60 million loss and introduced strong internal controls and processes to prepare the label for its eventual sale to Universal Music in 2007. His previous career included eight years at Virgin Records where he attained the position of Head of Business Support. Following Virgin Records' merger with EMI, he was appointed to the same role leading the consolidated EMI and Virgin team where, reporting directly to the Chief Financial Officer at EMI Music UK, he was responsible for reviewing the performance of all the UK's divisions as well as leading their annual budgeting processes. Ian has held other senior management positions, most notably as Commercial Director for the Specialist Sector of First Choice Holidays from May 2005 to May 2006. Ian has been granted 2,500,000 share options which will vest on the achievement of certain profit targets for the years ending 30 April 2008, 30 April 2009 and 30 April 2010. There is no further information required to be disclosed in respect of Mr Collins pursuant to Paragraph (g) of Schedule 2 of the AIM Rules. Simon Hargreaves, who has been filling the role of interim Finance Director, will resume his previous position as a non-executive director. In recognition of the contribution that Simon has made, he has been granted options over 1,000,000 ordinary shares at a price of 2.38p per share. 500,000 of these may be exercised now and the balance in 18 months' time, conditional on continued employment. Grant Calton, Commercial Director, has indicated his intention to reduce his day to day involvement with the business and will relinquish his executive responsibilities with immediate effect. Grant has agreed to continue his involvement with the Company as a non-executive director. Commenting on the changes, David Howell, Chairman, said: "The business is in a phase of rapid development and I am delighted that Ian will be joining us at this time. His wide ranging financial experience, both inside the music industry and outside it, will be invaluable to us." Enquiries: EBTM plc David Howell, Chairman 07980 899 217 Simon Hargreaves, Director 07768 637 643 Nominated Adviser 020 7710 7400 Nabarro Wells & Co. Limited Hugh Oram Biddicks 020 7448 1000 Zoe Biddick This information is provided by RNS The company news service from the London Stock Exchange END BOAUBABRWSRSRAR
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