Directorate Change
January 18 2006 - 2:01AM
UK Regulatory
RNS Number:0749X
London Asia Capital PLC
18 January 2006
18 January 2006
LONDON ASIA CAPITAL PLC
("London Asia" or the "Company")
Resignation Of Non Executive Director
London Asia, the Greater China focused investment and merchant banking group,
announces that Cesidio Di Ciacca is resigning from the Board effective from the
end of the next Annual General Meeting, anticipated to be held in May 2006.
Mr. Di Ciacca is leaving the Board due to his increasing commitment to his
executive and non executive roles with a number of other companies.
Mr Di Ciacca and associated companies hold 5.75 million ordinary shares in the
Company, plus 2.07 million warrants exercisable at 5p per share.
Simon Littlewood, Chief Executive of London Asia, commented: "We are very
grateful for the time and support that Cesidio and Scarborough Group have given
the Company since they provided us with some of the initial funding in May 2003.
They have over the years made an important contribution to the development of
the Company, and we are pleased that Cesidio has agreed to remain in his role as
a non-executive director and audit committee member until we have completed the
31 December 2005 audit."
- ends -
For further information please visit www.londonasia.com or contact:
Simon Littlewood John West/Matt Ridsdale
London Asia Capital Tavistock Communications
Tel: 020 7248 7578 Tel: 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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