MXM Maxima Hldgs

 

TIDMMXM 
 
RNS Number : 1628R 
Maxima Holdings PLC 
27 April 2009 
 

 
 
+----------------------------------------+------------------------------------------+ 
| Embargoed for 7am                      |                            27 April 2009 | 
+----------------------------------------+------------------------------------------+ 
Maxima Holdings plc ("Maxima" or "the Company") 
 
 
Appointment of Chief Executive, Group Finance Director and other board changes 
 
 
Maxima Holdings plc, (AIM: MXM) the integrated IT Solutions and Managed Services 
Company is pleased to announce the following board changes with immediate 
effect: 
 
 
  *  Appointment of Graham Kingsmill, formerly Chief Executive of Netstore plc as 
  Chief Executive; 
  *  Appointment of David Memory, formerly Chief Financial Officer of Netstore plc as 
  Group Finance Director; 
  *  Kelvin Harrison, Chief Executive of Maxima since its flotation in 2004 moves to 
  the position of Chairman and will continue to be actively involved in the 
  Company's development; 
  *  Michael Brooke, Chairman since flotation becomes Senior Independent Director; 
  *  John Taylor as previously announced has resigned as Group Finance Director and 
  will be leaving the Company on 31 May 2009. 
 
 
 
Graham Kingsmill (49) was Chief Executive of Netstore plc, then an AIM listed 
company, from July 2007 until its acquisition by 2e2 Group in October 
2008. Netstore provided IT Application Management, Hosting and 
Security Services. He was previously Managing Director (UK and Ireland) of 
SAP, a provider of enterprise management software to many of the worlds largest 
companies  Prior to that, Graham held senior sales and general management 
positions with IBM, PTC and Intergraph, primarily in the area of computer aided 
design tools.  He currently holds no other directorships and holds no shares in 
Maxima Holdings plc. 
 
 
David Memory ACA (49) was Chief Financial Officer of Netstore plc from September 
2007 until its acquisition by 2e2 Group. He was previously Group Finance 
Director of Tie Rack plc/Ltd from 1995 until 2007. During that time, he played a 
leading role in the privatisation of the business and then its subsequent 
private sale in 2007 and also in adding new fascias to the Tie Rack group, both 
through an acquisition and partnership with other brands.  David qualified with 
Deloitte Haskins & Sells (now PricewaterhouseCoopers) and stayed with the firm 
for 15 years working in audit, internal risk management and on advisory 
work. He currently holds no other directorships and holds no shares in Maxima 
Holdings plc. 
 
 
Graham and David worked together to achieve a substantial improvement in 
shareholder value at Netstore plc in the 11 months from September 2007 to the 
level of the sale in an offer valued at GBP58m to 2e2 Group. 
 
 
Kelvin Harrison, Chairman of Maxima said: 
 
 
"I would like to take this opportunity to welcome Graham and David to Maxima and 
thank Mike for his considerable input at the helm of the Company for the past 
five years. With Graham and David's appointments we are both strengthening our 
senior team and bringing new skills to the Group. We look forward to working 
together to further develop the Maxima business over the coming months and 
years." 
 
 
 
 
 
 
For further information, please contact: 
 
 
+-----------------------------------------------------+------------------------+ 
| Maxima                                              | 01242 211211           | 
| Kelvin Harrison                                     |                        | 
|                                                     |                        | 
+-----------------------------------------------------+------------------------+ 
| Cenkos - Nominated Advisor to the Company           | 020 7397 8926          | 
| Stephen Keys                                        |                        | 
+-----------------------------------------------------+------------------------+ 
| Smithfield                                          | 020 7360 4900          | 
| Tania Wild / Reg Hoare                              |                        | 
+-----------------------------------------------------+------------------------+ 
 
 
 
 
Listed below are the names of companies of which Graham Kingsmill has been a 
director at any time in the past five years. He is no longer a director of any 
of these companies: 
 
 
Netstore Limited (formerly Netstore plc) 
Netstore Security Ltd 
Oakmore Holdings Ltd 
GW 1264 
System Software Solutions 
SAP (UK) Ltd 
SAP Ireland Limited 
 
 
Listed below are the names of companies of which David Memory has been a 
director at any time in the past five years. He is no longer a director of any 
of these companies: 
 
 
Netstore Limited (formerly Netstore plc) 
Netstore Group Ltd 
Gantock Business Solutions Ltd 
Netstore (UK) Ltd 
Netconnect (UK) Ltd 
Netconnect e-commerce Ltd 
Netconnect International Ltd 
Netstore Security Ltd 
Netstore Systems Ltd 
Netconnects Ltd 
Renaissance Virtual Software Ltd 
Electricmail Ltd 
Cassium Technologies Limited 
Netstore Managed Services Limited (formerly Netstore Managed Services PLC) 
Oakmore Holdings Ltd 
GW 1264 
System Software Solutions 
Frangi Investments Limited 
Tie Rack Limited 
Tie Rack Trading Limited 
Frangi Handbags Limited 
Frangi Accessories Limited 
Frangi Luggage Limited 
Frangi Card Services Limited 
Associated Investments Limited 
Vitek Limited 
Tie Rack Belgium SA 
Tie Rack Espana SA 
Tie Rack Holland BV 
Tie Rack Luxembourg SA 
Tie Rack Denmark AS 
Tie Rack Japan Co Ltd 
Tie Rack Portugal LDA 
 
 
There are no other details to be disclosed under Schedule 2(g) of the AIM Rules. 
 
 
 
 
 
 
Notes to editors: 
Maxima Holdings plc floated on AIM in November 2004 at an issue price of 110p. 
It was established to acquire businesses supplying IT solutions and services, 
with the objective of building a focused IT services group. On flotation it 
immediately acquired Azur Holdings Ltd, bringing together a management team with 
the skill, experience and incentive to deliver significant shareholder value, 
through a combination of acquisitive and organic growth. The business implements 
and supports enterprise software solutions for mid-sized, UK-based 
manufacturing, distribution and service organisations. These solutions are based 
upon leading software suites as well as products developed in-house. 
It has since made a further eleven acquisitions: 
  *  August 2005 - Ringwood Group plc, a specialist in content and document 
  management solutions, based on Microsoft technologies; 
  *  September 2005 - Hanston Technology Partners Ltd, a fast growing managed 
  services business providing applications support and consultancy services to 
  Oracle users; 
  *  January 2006 - The MFG/PRO business of Seabrook Research Ltd, the sole Irish 
  distributor of MFG/PRO, a manufacturing package for which Maxima was already the 
  sole UK distributor; 
  *  May 2006 - QED Business Systems Ltd, which provides managed services for 
  critical mainframe and mid-range computer systems and applications software; 
  *  October 2006 - Cognition Solutions Ltd, provider of enterprise software 
  solutions to the construction and facilities management sector; 
  *  November 2006 - IIL (Intertech Solutions Ireland) Ltd, which provides IT 
  infrastructure solutions and managed services based upon Citrix technologies; 
  *  March 2007 - SevenThree Ltd, supplier of customer relationship management 
  software solutions to the construction sector; 
  *  May 2007 - 3net Limited, an IT Services business, providing consultancy, 
  solutions delivery and managed services in networking and security 
  infrastructure; 
  *  July 2007 - Centric Networks Ltd, which provides managed services for 
  infrastructure software to a broad range of clients in the mid-market; 
  *  January 2008 - Eclectic Group Limited, which supplies software, consultancy, 
  support and training in the areas of Business Intelligence and Corporate 
  Performance Management (CPM); and 
  *  July 2008 - DXI Networks Ltd, a provider of converged Information and 
  Communications Technology (ICT) services to business customers 
 
 
 
 
 
Maxima has grown to become an IT systems integration and managed services 
company with a proven track record of delivering innovative and flexible IT 
solutions and services. Maxima's in-depth knowledge of industry and business, 
coupled with its skills and understanding of leading software suites such as 
Oracle, Microsoft and SAP ensures its solutions and services deliver real 
business benefits. The group prides itself on the quality of its service, which 
leads to strong customer relationships and high retention rates. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAFGGZDKDRGLZM 
 

Maxima Holdings (LSE:MXM)
Historical Stock Chart
From Jun 2024 to Jul 2024

Maxima Holdings (LSE:MXM)
Historical Stock Chart
From Jul 2023 to Jul 2024