Directorate Change - Replacement (0321F)
June 08 2012 - 11:02AM
UK Regulatory
TIDMDESC
RNS Number : 0321F
Designcapital PLC
08 June 2012
8 June 2012
designcapital plc (AIM: DESC)
("designcapital" or "the Company")
Revised Announcement
Directorate Change at Artelano International Ltd
and
allotment of shares
Designcapital plc (AIM: DESC), the AIM listed investment company
dedicated to high-end contemporary furniture design, is pleased to
announce the appointment of Marc Bonnet (aged 44), as Executive
Director of Artelano International Ltd.
As part of this recruitment, Marc Bonnet is becoming a 20%
shareholder of Artelano International Ltd., which previously was
wholly owned by designcapital.
Marc brings to the Artelano brand more than 20 years of
experience in the high-end furniture industry, gained in various
operational, commercial and executive positions, most notably at
Moissonnier and Collection Pierre.
Since 2005, and until his recruitment by Artelano International
Ltd, he was MD-Commercial Director of Collection Pierre. He is
experienced in the management of both residential and commercial
projects, including projects for prestigious 5-Star, luxury,
international, hotels. At Collection Pierre, he also developed MMX,
a decorator brand designed by the acclaimed decorator Jean Louis
Deniot. Marc is also the owner of a furniture show-room, located in
Pimlico, London, where Collection Pierre products as well as other
luxury brands are distributed.
Marc has an extensive knowledge of the furniture/luxury
industry, and well established relationships with not only
decorators and architects, but most importantly with designers and
manufacturers.
Acting as the new Managing Director of the Artelano brand, his
most immediate objective will be to identify new designs and
products, co-ordinate the production of exclusive and limited
series of high-end furniture products, assist clients in their
contract projects, to drive sales and the redevelopment of the
Artelano brand.
Frederic Bobo, Executive Chairman of designcapital,
commented:
"We are delighted that Marc has agreed to join Artelano and very
much look forward to working closely with him. We do not doubt that
the Artelano company shall be able to leverage off Marc
international network of contacts and relationships in the luxury
furniture contract industry. It is an important recruitment for our
Artelano brand that had stopped its activity since the liquidation
of the French operations in May 2011. We are confident that our
entrepreneurial partnership with Marc shall positively develop in
the coming months."
Subscription
The Company is further pleased to announce that a total of
200,000 new ordinary shares of designcapital have been subscribed
for by Marc Bonnet, through his fully owned company CP Ltd, for a
consideration of GBP20,000 .
Application has been made to the London Stock Exchange for the
200,000 new shares, ranking pari passu in all respects with the
existing shares in issue, to be admitted to trading on AIM and it
is expected that admission will take place on June 11(th) 2012.
Following this allotment the Company will have 71 460 401 shares
in issue. Not 71,280,401 as previously reported
- ENDS -
Enquiries:
Contact:
designcapital Plc
Mike Hosie
Frederic Bobo +44 (0) 20 7554 8555
Libertas Capital Corporate Finance
Limited
Tim Cofman
Sandy Jamieson +44 (0) 2075699650
This information is provided by RNS
The company news service from the London Stock Exchange
END
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