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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wallgate | LSE:WGT | London | Ordinary Share | GB00B29Q2280 | ORD 0.075P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number : 2074Y Wallgate Group PLC 03 July 2008 3 July 2008 Wallgate Group plc ("Wallgate" or the "Group") Change of Advisers Board Changes and Senior Management Appointment Wallgate Group plc (AIM: WGT.L), the AIM-listed reverse logistics services provider and multi-channel retailer, announces the following: Change of Advisers The appointment of Strand Partners Limited as its nominated adviser and St.Helen's Capital Plc as its broker to support the Company through its next stage of development, which is being driven by the rapid growth of the consumer returns market. Board Changes Adam Reynolds is appointed as Non-executive Director with immediate effect. In addition, as announced in the Company's recent interim statement, Paul Harris has stepped down from the Board as Chairman and Non-executive Director with effect from 30 June 2008 and the Board would like to thank Paul for his contribution to the Company and wish him well for the future. Adam Reynolds, 45, has over 20 years experience in the City first as a broker and then as a director of a public relations and investor relations agency. In February 2000, he established Hansard Group plc, a financial PR firm, listing it on AIM in November 2000, before successfully leading a management buy-out of the business in 2004 at which time Hansard Group acquired a major division of Energem Resources Inc. which changed its name to FirstAfrica Oil plc. Adam is also Non-Executive Chairman of International Brand Licensing plc and a Director of TSE Group plc. Senior Management Appointment The Company is also pleased to announce the senior management appointment of Gary Richards who joins the board of Wallgate's wholly owned subsidiary, Wallgate Services Limited, as Business Development Director. Gary brings with him over 25 years of experience in the consumer electronics market, in a variety of commercial roles. In particular he spent 16 years at Comet and from 1999 to 2004 was responsible for managing stock, which included all customer returns. His last role as MD of Philex Electronic involved selling to major retail multiples in the UK and Europe. Howard Strowman, Chief Executive, of Wallgate Group commented: "Our growth strategy continues and substantial partnership opportunities have been identified including a major collaboration transaction. In the current economic climate our retail and online divisions offer outstanding value to the consumer. "We are delighted to have appointed new advisers and additions to the Board and senior management to support us in our growth strategy." About Wallgate Group plc (AIM ticker: WGT.L) www.wallgategroup.com Wallgate Group provides outsourcing services to major manufacturers, retailers and distributors with whom it works in partnership to maximize their net asset recovery percentage on consumer returns. Through its 'RevShare' service Wallgate provides an end-to-end solution for returns management including store collection, inventory management, refurbishment, repackaging and remarketing of consumer returns back across all marketing channels including online, principally for higher value consumer electronics goods. Wallgate has a wide customer base for remarketed products which includes major high street and online retailers. Enquiries: Wallgate Group plc Howard Strowman, Chief Executive tel: +44(0)20 7559 1313 Simon Fine, Finance Director tel: +44(0)1204 706624 Strand Partners Limited Simon Raggett tel: +44(0) 20 7409 3494 St Helen's Capital Plc tel: +44(0) 20 7628 5582 Ruari McGirr Hansard Group John Bick tel: +44(0) 20 7245 1100 AIM Rules Schedule 2 Disclosure - for the purposes of paragraph (g) of schedule 2 of the AIM rules Adam Reynolds holds or has held the following directorships: Current Directorships Past Directorships over last 5 years International Brand Licensing plc FirstAfrica Oil Limited TSE Group plc 64 Addison Road Limited TSE Brands Limited Curidium Medica PLC TSE Learning Limited Plectrum Petroleum Limited Sandford Limited Boldwood Limited Hansard Group Limited Hansard Communications.Com Limited Alan Bailey (Studios) Limited Wilton International Management Group Limited Wilton International Marketing Limited Wilton International Consulting Limited This information is provided by RNS The company news service from the London Stock Exchange END MSCUUUARWVRBRUR
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