Directorate Change
April 04 2003 - 11:32AM
UK Regulatory
RNS Number:6835J
betinternet.com PLC
04 April 2003
betinternet.com plc
Board Changes
betinternet.com plc, the global on-line gaming group, today announces the
following board changes.
At a meeting of the Board of the Company today, and following the completion of
the recent management re-structuring, Mr Jim Mellon stood down as chairman and
resigned as a director of the Company with immediate effect and was replaced by
Mr Denham Eke.
Mr Eke is Managing Director of Burnbrae Limited, a private investment company,
which is interested in 25,000,000 ordinary shares in betinternet.com plc,
representing 21.4% of the Company's issued share capital.
Jim Mellon is a beneficiary of a trust that holds the entire issued share
capital of Burnbrae Limited, and considers it more appropriate for an executive
of Burnbrae Limited to be its representative on the board. Separately, Mr
Mellon is also interested in 718,000 ordinary shares in the Company.
In addition, Mr Hugh Mac Giolla Ri joins the Board as a non-executive director.
Mr Mac Giolla Ri is an accountant based in Dublin, with experience of assisting
growing companies.
Both appointments are subject to approval by the Isle of Man Gambling Control
Commissioners, the regulatory body which governs betinternet.com plc.
ENDS
For further information:
betinternet.com plc Tel: 01624 629699
Paul Doona, Managing Director
Waughton Tel: 020 7796 9999
Robin Hepburn/Sorrel Davies
This information is provided by RNS
The company news service from the London Stock Exchange
END
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