Directorate Change (2098R)

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RNS Number : 2098R

Nexus Management plc

01 November 2011

1 November 2011

Nexus Management plc

("Nexus" or the "Company")

Directorate Changes

Nexus Management plc, the IT Managed Services Provider, announces that Marcus Hanke, Marcus Yeoman and Mark Battles have been appointed as Non-Executive Directors of the Company with immediate effect ("New Directors"). Peter Paterson and Jeremy Lister, Non-Executive Chairman and Non-Executive Director of the Company, respectively, will be resigning with immediate effect.

Pete Paterson has served the Company in both executive and non-executive roles over the past 10 years and in 2003 was the architect and major contributor of the refinancing of the business, a move that both saved and transformed the Company. Pete will dedicate his time to his studies at university, which recently has demanded more of his time.

Jeremy Lister has been a non-executive director for four years and has contributed positively and enthusiastically to the development of the Company. He has readily taken on projects including M&A work assisting the Company greatly. Both supportive and challenging, Jeremy has carried out his responsibilities to shareholders with high commitment and integrity.

Consequently, Roger Richardson, currently Chief Executive Officer, will be assuming the position of Executive Chairman on an interim basis.

The New Directors bring a considerable public company experience and specialise in the area of cost control with a proven ability to seek out earnings enhancing acquisitions to help companies achieve critical mass. The search for suitable acquisitions is already underway.

The Company's results for the year to 30 September 2011 will be published in late November, at which point the Company will give a further update on the strategic review now underway.

Executive Chairman Roger Richardson commented: "I would like to personally thank Pete and Jeremy for all their hard work, guidance and professionalism during their time with Nexus. By bringing onto the board new talent it is Nexus's intention to unlock the potential of this business so that we can restore and then enhance shareholder value. The record of Messrs Yeoman, Hanke and Battles speaks for itself and we look forward to updating investors on progress in the coming weeks and months."

FURTHER ENQUIRIES

 
 Nexus Management plc 
 Roger Richardson, Chief Executive      Tel: [phone] 
 
 Merchant Securities Limited (Nominated Adviser) 
 Simon Clements/David Worlidge          Tel: [phone] 
 
 Rivington Street (Broker) 
 Jon Levinson                          Tel: [phone] 
 
 Bishopsgate Communications Ltd 
 Nick Rome/Deepali Schneider/Natalie    Tel: [phone] 
  Quinn 
 [e-mail] 
 

Matters to be disclosed in relation to schedule 2(g) of the AIM Rules for Companies:

Marcus Nigel Hanke, aged 40, is currently a director of or has been a director in the past five years of the following companies:

 
      Existing Directorships        Previous Directorships 
     Solution Minds (UK) Ltd 
      Solution Minds Limited 
            Avisen plc 
         Infocube Limited 
     NOE Enterprises Limited 
       Strategy GPS Limited 
       Avisen Group Limited 
       Decorum Connect Ltd 
           FBHG Limited 
      Intrinsic Networks Ltd 
 Matrix Network Solutions Limited 
 Norwood Adam Technical Services 
              Limited 
      Storage Fusion Limited 
       Xploite IHC Limited 
           Xploite plc 
      1Spatial Holdings plc 
       IRN Capital Limited 
       IRN Ventures Limited 
 

Mr Hanke has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.

Marcus Yeoman, aged 48, is currently a director of or has been a director in the past five years of the following companies:

 
     Existing Directorships             Previous Directorships 
 Springtime Consultants Limited        Bright Futures Group plc 
      Powamatique Limited                 Northern Bear plc 
       Enables IT Limited                   Secora Limited 
     Storyboard Assets plc        South American Mineral Exploration 
                                                Limited 
           Avisen plc                   Wealth rapport Limited 
 Ronaldsway Private Equity plc 
      Starnevesse Limited 
      Agent Morton Limited 
 Pivot Entertainment Group plc 
    Twin Flame Media Limited 
  Hot Tuna (International) plc 
 

Mr Yeoman was a director of Westgolf (UK) Limited until 30 November 2002. Westgolf Limited was dissolved on 3 August with a deficiency to creditors of GBP938,267. Mr Yeoman has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.

Mark Bernard Battles, aged 44, is currently a director of or has been a director in the past five years of the following companies:

 
   Existing Directorships            Previous Directorships 
 Balgownie Ventures Limited        CC Media Live (UK) Limited 
    Star Psychics Limited              Citizen TV Limited 
         Avisen plc              Yes Payments (Europe) Limited 
 Tabitha Accessories Limited      Strategic Change Management 
                                        Solutions Limited 
    Agent Morton Limited       Acceleris Marketing Communications 
                                             Limited 
  Twin Flame Media Limited           Adore Fashion Limited 
                                    Sticky Media TV Limited 
 

Mr Battles has confirmed there are no other matters to be disclosed in relation to Schedule 2(g) of the AIM Rules for Companies.

Notes to Editors

Nexus Management is an IT Managed Services Provider specializing in reducing the cost and complexity of IT for companies. Nexus has two key markets: Europe and the US, where it can offer customers 24 hour support. Nexus provides Remote Server Management, Wide Area Network Management and Monitoring, Disaster Recovery, Data Storage, Help-Desk, Desktop Support, and through its new subsidiary Resilience Technology Corporation (www.resilience.com), bullet-proof network security.

Resilience has since 1985 delivered network security appliances with the most advanced operating system. RES/OS boasts such features as open systems flexibility and life cycle management innovations for mission-critical applications. Resilience's high performance solutions are designed for network environments where availability is essential and security must not be compromised.

Nexus Management is incorporated in the United Kingdom and its shares are quoted on the London Stock Exchange (AIM).

http://www.nexusmanagementplc.com/

This information is provided by RNS

The company news service from the London Stock Exchange

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