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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hertford | LSE:HIG | London | Ordinary Share | GB00B29KF658 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMHIG
20 May 2010
Hertford International Group PLC
("Hertford" or "the Company")
Restoration of Trading and Board Appointments
The Company is pleased to announce that further to its announcement on 12 May
2010, that the Company's CVA had been approved, the Company's ordinary shares
have been restored to trading on AIM.
Following shareholder approval at the Company's AGM on 12 May 2010, Hertford
will be treated as an investing company in accordance with AIM Rule 15 and its
name will also be changed to Otium Ventures plc.
The Company is also pleased to announce the appointment of Leonard John Russell
(64), former Director at Nat West Stockbrokers Limited and head of High Net
Worth customers at William de Broe as Non-executive Chairman.
Leonard Russell holds or has held the following directorships or been a partner
in the following partnerships within five years prior to this appointment:
Leonard Russell
Current directorships/partnerships Previous directorships/partnerships
E U Investment Planning Limited
Russell Financial Planning Limited
Sovereign Mines of Africa
Plc
There are no further disclosures to be made in accordance with Schedule 2(g) of
the AIM Rules.
The company expects to announce further board appointments in the near future.
Defined terms in this announcement have the same meaning as in the Company's
announcement released on 26 April 2010.
Len Russell said: "I am pleased to see that the Company has successfully
concluded a CVA which will leave it effectively debt free. This is a great
opportunity for the company to go forward. From what was an extremely difficult
trading year of 2009, the company has emerged with new energy, a new mandate,
and several exciting projects to consider. We expect the leisure sector will
boom after the depression of the past year, and Otium will now be perfectly
positioned to utilise its skill and experience in the coming exciting months."
For further information please contact:
Alex Lubin/Paul Seakens Tel: +44 20 3005 9924
Hertford International Group Plc
Nick Tulloch Tel: +44 20 7012 2000
Arbuthnot Securities Limited
END
[HUG#1417489]
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