Directorate Change (2098R)
November 01 2011 - 3:00AM
UK Regulatory
TIDMNXS
RNS Number : 2098R
Nexus Management plc
01 November 2011
1 November 2011
Nexus Management plc
("Nexus" or the "Company")
Directorate Changes
Nexus Management plc, the IT Managed Services Provider,
announces that Marcus Hanke, Marcus Yeoman and Mark Battles have
been appointed as Non-Executive Directors of the Company with
immediate effect ("New Directors"). Peter Paterson and Jeremy
Lister, Non-Executive Chairman and Non-Executive Director of the
Company, respectively, will be resigning with immediate effect.
Pete Paterson has served the Company in both executive and
non-executive roles over the past 10 years and in 2003 was the
architect and major contributor of the refinancing of the business,
a move that both saved and transformed the Company. Pete will
dedicate his time to his studies at university, which recently has
demanded more of his time.
Jeremy Lister has been a non-executive director for four years
and has contributed positively and enthusiastically to the
development of the Company. He has readily taken on projects
including M&A work assisting the Company greatly. Both
supportive and challenging, Jeremy has carried out his
responsibilities to shareholders with high commitment and
integrity.
Consequently, Roger Richardson, currently Chief Executive
Officer, will be assuming the position of Executive Chairman on an
interim basis.
The New Directors bring a considerable public company experience
and specialise in the area of cost control with a proven ability to
seek out earnings enhancing acquisitions to help companies achieve
critical mass. The search for suitable acquisitions is already
underway.
The Company's results for the year to 30 September 2011 will be
published in late November, at which point the Company will give a
further update on the strategic review now underway.
Executive Chairman Roger Richardson commented: "I would like to
personally thank Pete and Jeremy for all their hard work, guidance
and professionalism during their time with Nexus. By bringing onto
the board new talent it is Nexus's intention to unlock the
potential of this business so that we can restore and then enhance
shareholder value. The record of Messrs Yeoman, Hanke and Battles
speaks for itself and we look forward to updating investors on
progress in the coming weeks and months."
FURTHER ENQUIRIES
Nexus Management plc
Roger Richardson, Chief Executive Tel: 01862 812 107
Merchant Securities Limited (Nominated Adviser)
Simon Clements/David Worlidge Tel: 020 7628 2200
Rivington Street (Broker)
Jon Levinson Tel: 020 7 562 3351
Bishopsgate Communications Ltd
Nick Rome/Deepali Schneider/Natalie Tel: 020 7562 3350
Quinn
nexus@bishopsgatecommunications.com
Matters to be disclosed in relation to schedule 2(g) of the AIM
Rules for Companies:
Marcus Nigel Hanke, aged 40, is currently a director of or has
been a director in the past five years of the following
companies:
Existing Directorships Previous Directorships
Solution Minds (UK) Ltd
Solution Minds Limited
Avisen plc
Infocube Limited
NOE Enterprises Limited
Strategy GPS Limited
Avisen Group Limited
Decorum Connect Ltd
FBHG Limited
Intrinsic Networks Ltd
Matrix Network Solutions Limited
Norwood Adam Technical Services
Limited
Storage Fusion Limited
Xploite IHC Limited
Xploite plc
1Spatial Holdings plc
IRN Capital Limited
IRN Ventures Limited
Mr Hanke has confirmed there are no other matters to be
disclosed in relation to Schedule 2(g) of the AIM Rules for
Companies.
Marcus Yeoman, aged 48, is currently a director of or has been a
director in the past five years of the following companies:
Existing Directorships Previous Directorships
Springtime Consultants Limited Bright Futures Group plc
Powamatique Limited Northern Bear plc
Enables IT Limited Secora Limited
Storyboard Assets plc South American Mineral Exploration
Limited
Avisen plc Wealth rapport Limited
Ronaldsway Private Equity plc
Starnevesse Limited
Agent Morton Limited
Pivot Entertainment Group plc
Twin Flame Media Limited
Hot Tuna (International) plc
Mr Yeoman was a director of Westgolf (UK) Limited until 30
November 2002. Westgolf Limited was dissolved on 3 August with a
deficiency to creditors of GBP938,267. Mr Yeoman has confirmed
there are no other matters to be disclosed in relation to Schedule
2(g) of the AIM Rules for Companies.
Mark Bernard Battles, aged 44, is currently a director of or has
been a director in the past five years of the following
companies:
Existing Directorships Previous Directorships
Balgownie Ventures Limited CC Media Live (UK) Limited
Star Psychics Limited Citizen TV Limited
Avisen plc Yes Payments (Europe) Limited
Tabitha Accessories Limited Strategic Change Management
Solutions Limited
Agent Morton Limited Acceleris Marketing Communications
Limited
Twin Flame Media Limited Adore Fashion Limited
Sticky Media TV Limited
Mr Battles has confirmed there are no other matters to be
disclosed in relation to Schedule 2(g) of the AIM Rules for
Companies.
Notes to Editors
Nexus Management is an IT Managed Services Provider specializing
in reducing the cost and complexity of IT for companies. Nexus has
two key markets: Europe and the US, where it can offer customers 24
hour support. Nexus provides Remote Server Management, Wide Area
Network Management and Monitoring, Disaster Recovery, Data Storage,
Help-Desk, Desktop Support, and through its new subsidiary
Resilience Technology Corporation (www.resilience.com),
bullet-proof network security.
Resilience has since 1985 delivered network security appliances
with the most advanced operating system. RES/OS boasts such
features as open systems flexibility and life cycle management
innovations for mission-critical applications. Resilience's high
performance solutions are designed for network environments where
availability is essential and security must not be compromised.
Nexus Management is incorporated in the United Kingdom and its
shares are quoted on the London Stock Exchange (AIM).
http://www.nexusmanagementplc.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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