New Non Executive Chairman
January 18 2006 - 2:01AM
UK Regulatory
RNS Number:0719X
Formjet PLC
18 January 2006
Embargoed until: 07.00 18 January 2006
Formjet plc
("Formjet", "the Company" or "the Group")
Appointment of non-executive chairman
Formjet, the AIM listed alternative software vendor, announces the appointment
of James Heyworth-Dunne as non-executive chairman.
With a series of high-level executive positions behind him, Mr Heyworth-Dunne,
61, brings significant experience of investment markets and business to the
Company. James spent 18 years at NM Rothschild, where he started his career, and
continued with senior roles including Managing Director of Cayzer Limited, a
Director of Gartmore Investment Management, Managing Director of Norwich Union
Investment Management and head of Global Investment Strategy at Mercury Asset
Management.
More recently, James has been involved in the reorganisation of the global
investment management business of Mitsubishi Trust and Banking in Tokyo, whilst
also setting up overseas investment offices in London and New York. In addition,
he has recently taken up the position of non-executive director at fellow AIM
listed company: Europasia Education Plc.
Commenting on the announcement, Formjet's current Chief Executive and out-going
Chairman, Lyndon Chapman said: "I am delighted that James is joining us at
Formjet it marks an important milestone for the Group and should yield some very
positive results. His appointment - and my standing down from the position of
Chairman - marks the completion of the restructuring of the Board and
strengthening of our management team. The progress resulting from these
strategies is already having a positive impact and we will build upon this
encouraging trend in the coming year. We remain focused on maximising our sales
and distribution opportunities."
James Heyworth-Dunne added, "Formjet is an exciting Company, at a challenging
stage of development. I am looking forward to working closely with Lyndon and
his team to help to achieve Formjet's full potential."
For further information please visit www.formjetplc.com or contact:
Lyndon Chapman Simon Hudson / Clemmie Carr
Chairman & Chief Executive, Formjet Plc Tavistock Communications
Tel: 0870 6061670 Tel: 020 7920 3150
There is no further information required to be disclosed under Schedule 2 (g) of
the AIM Rules.
Notes to editors
Formjet Plc is a UK-based company with a highly distinctive business model. It
acquires territorial rights to 'alternative' software products, and markets,
sells, distributes and supports these products in place of the vendor in
worldwide markets. The strategy has at its heart the proposition that we can
acquire product lines in territories of not less than a country without the
expense of either product development or the creation of IPR. The Formjet Group
currently has four product lines: Panda Software and Filestream are UK licences
and Ability and Software Dialog are worldwide.
Formjet reaches a customer base of more than 250,000 direct customers and in
excess of 3,000 corporate clients. This market penetration has been achieved
through careful research into relevant territories and then applying the most
suitable routes to market, whether through distribution and/or reseller
partners, or via direct sales. Formjet acquired SouthCoast Distribution, a
specialist OEM provider to system builders in July 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAFGGMMNNDGVZM
Formjet(See LSE:TQC) (LSE:FMJ)
Historical Stock Chart
From Oct 2024 to Nov 2024
Formjet(See LSE:TQC) (LSE:FMJ)
Historical Stock Chart
From Nov 2023 to Nov 2024