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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Europasia | LSE:EPE | London | Ordinary Share | GB00B0N9QD87 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:1791V Europasia Education PLC 06 December 2005 6 December 2005 EUROPASIA EDUCATION PLC APPOINTMENT OF NON-EXECUTIVE DIRECTOR EuropAsia Education plc ("EPE"), the AIM-listed educational group, is pleased to announce the appointment of James Heyworth-Dunne as a non-executive director. A trained barrister, Mr Heyworth-Dunne (aged 61) has extensive investment management experience, having started his career with NM Rothschild where he became a main board director and served on the executive committee. Previous roles include Managing Director of Cayzer Limited, a Director of Gartmore Investment Management, Managing Director of Norwich Union Investment Management and head of Global Investment Strategy at Mercury Asset Management. More recently he was responsible for reorganising the global investment management business of Mitsubishi Trust and Banking in Tokyo, as well as establishing overseas investment offices in London and New York. Mr Heyworth-Dunne has been awarded two million ordinary share options in EPE, valid for five years, at an exercise price of 5p per share. There is no further information to be announced in accordance with the Aim Rules in respect of Mr Hayworth-Dunne. Ms Umku Imam is stepping down from the Board to pursue her other interests. The Company is currently in negotiations to take a minority stake in a Chinese education business, whose unaudited results show it is making profits of over #1.5 million a year. Further details will be released as the negotiations progress. EPE has to date issued 500,000 unlisted #1 five year Convertible Loan Notes as part of a refinancing to raise funds to participate in the listing on Ofex of China Education Group, in which it holds a 13.8% stake. The Loan Notes pay interest of 10 per cent per year with a conversion price of 5p per share and 100 per cent warrant coverage at 5p. EPE Chairman James Holmes said: "We are delighted to welcome James to the Company. His substantial investment expertise and experience in the City will be of great benefit to EPE as the company continues it's investment strategy in education businesses in China and elsewhere." -ends- For further information visit www.europasiaeducation.com or contact: James Holmes, Chairman 020 7248 7578 EuropAsia Education plc Paul Quade 020 7248 8010 CityRoad Communications 07947 186694 About China Education Group CEG is the Jersey incorporated holding company for a business which has a 25 year licence to manage Shandong Internatonal Institute of Translation ("SIIT"). Based in Shandong Province, China, SIIT was established in June 1999. It offers 2-3 year-diploma courses in foreign languages, computer science, information technology, international commerce and trade, hospitality and tourism. There are currently over 8,000 students, based in two campuses in Shandong Province, China. The college provides accessible, affordable, high-quality post-secondary education that prepares students to enter the job market, allows them to transfer to universities, helps them to study and work abroad, and assists them in achieving their professional and personal goals. As the first translation college in Shandong Province, the college provides a wide variety of language learning and translation programs in English, Chinese, Korean, Japanese, Russian, French, German, Spanish, Arabic, Italian, Greek and Esperanto. A strong college transfer programme has evolved to allow students the opportunity to take the first two years of a baccalaureate degree and transfer to one of the state's four-year institutions. CEG is currently raising funds and applying for a listing on Ofex, with first days trading anticipated on 15 December. For additional information, see www.chinaeducation.com About Europasia Education plc EPE is an AIM listed education investment group, focused on opportunities in Europe and Asia. It owns 100% of Education 2000, an English language and work experience placement business based in Bournemouth, UK, and Columbia International, trading under the name Management International, an education consulting and work placement business based in London. This information is provided by RNS The company news service from the London Stock Exchange END BOAVELFBELBBFBF
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