Directorate Change

 

TIDMINVO 
 
RNS Number : 3979M 
Invocas Group plc 
28 January 2009 
 

28 January 2009 
INVOCAS GROUP PLC 
("Invocas" or the "Company") 
APPOINTMENT OF GROUP FINANCE DIRECTOR / COMPANY SECRETARY 
 
 
The Board of Invocas, one of the UK's leading providers of personal debt 
solutions, is pleased to announce the appointment of Mr Robert Lindsay Drummond 
("Robbie") as Group Finance Director and Company Secretary with immediate 
effect. 
 
 
Robbie (39) joins Invocas from HBOS PLC where he was employed for five years in 
a number of senior operational finance roles, recently as Head of Finance for 
Business and Payment Services where he had responsibility for finance leadership 
and control, financial planning and investment. 
 
 
After graduating from Glasgow University, Robbie trained as a Chartered 
Accountant with KPMG, qualifying in 1993, before moving in 1995 to Coopers & 
Lybrand for three years to specialise in Corporate Finance. He has held a number 
of other senior finance roles in public and private companies including two 
years with Thus PLC assisting with the flotation and latterly as Head of 
Business Planning and Investment. 
 
 
Howard Bell, Chairman of Invocas, said: 
 
 
"After a thorough review of a range of candidates, we are delighted to welcome 
Robbie to the Board of Invocas. He brings with him many years of financial 
experience and will be of great benefit to the Board and the Company as a 
whole. We look forward to his contribution as Invocas continues its growth and 
expansion." 
 
 
Robbie Drummond currently holds no directorships but has previously held the 
following directorships within the past five years: 
 
 
Voca Limited 
Idesta Limited 
The Idesta Group Limited 
 
 
The Idesta Group Limited, a pan-European software and services supplier, and its 
subsidiary companies were placed into administration in February 2002 due to an 
inability to achieve second round funding.The Group was placed into Creditors 
Voluntary Liquidation in May 2002. There were two main trading companies, The 
Idesta Group Limited and Idesta Limited. Unsecured creditors in The Idesta Group 
Limited received a 20% dividend from a total of GBP1.2m owed (preferential 
creditors were owed approximately GBP12,000 of which all was recovered). 
Unsecured creditors in Idesta Limited had GBP1.4m owed of which nothing was 
recovered (preferential creditors received approximately GBP76,000 being a 90% 
of the total owed). 
 
 
Save as disclosed above there are no other details required to be disclosed 
pursuant to AIM Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules. 
 
 
 
 
 
For further information: 
 
 
+--------------------------------------------+--------------------------------------+ 
| Invocas Group plc                          | Tel: [phone]              | 
| Howard Bell, Chairman                      |                                      | 
| Stephen Lightley, CEO                      |                                      | 
|                                            |                                      | 
+--------------------------------------------+--------------------------------------+ 
| Charles Stanley Securities (Nominated      | Tel: [phone]             | 
| Adviser)                                   |                                      | 
| Philip Davies / Carl Holmes                |                                      | 
|                                            |                                      | 
+--------------------------------------------+--------------------------------------+ 
| Gavin Anderson (Financial PR Adviser)      | Tel: [phone]              | 
| Ken Cronin / Michael Turner / Anthony      | Email: [e-mail]   | 
| Hughes                                     |                                      | 
+--------------------------------------------+--------------------------------------+ 
 
 
Website: 
 
 
 
Notes to editors 
Invocas is one of the UK's leading providers of personal debt solutions. Its 
Personal Insolvency Division is firmly established as a leading provider of 
Protected Trust Deeds (Scottish equivalent of Individual Voluntary Arrangements 
('IVAs')). 
 
 
Invocas applies stringent minimum case acceptance criteria. It will only accept 
a case if it is likely to progress smoothly to completion and result in a 
successful outcome which balances the interests of both the indebted individual 
and their creditors. 
 
 
The Group's Newtomorrow service aims to provide indebted individuals with the 
right advice, first time, every time. This is achieved in a caring and 
professional manner by a team of highly experienced debt advisors delivering 
front line advice. Further information on Newtomorrow can be found at 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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