Appointment of Finance Director (6293E)
June 01 2012 - 5:45AM
UK Regulatory
TIDMVSA
RNS Number : 6293E
VSA Capital Group PLC
01 June 2012
1 June 2012
VSA Capital Group plc
("VSA Capital Group" or "the Group")
Appointment of Finance Director
VSA Capital Group (AIM: VSA), the AIM listed natural resources
focused investment banking and institutional broking firm,
announces the appointment of Jonathan Stuart Berger as Finance
Director with effect from 2 July 2012.
Jonathan, 53, has a proven entrepreneurial, financial and
commercial background, having established his own exhibition
company in the early 1990s and subsequently developed it into one
of the largest media businesses in the Middle East, following its
acquisition by the Daily Mail Group.
More recently, he played a significant role in the turnaround of
Chesterton Humberts, two separate brands that had been in
administration and were subsequently merged in 2009, which is now a
leading agency in the real estate sector.
A chartered accountant, having trained with Price Waterhouse in
London, Jonathan has had considerable experience as both a Finance
Director and a Chief Operating Officer in the UK, Europe and the
Gulf region, and in establishing and running businesses, the
formulation and implementation of strategy and the development of
numerous market leading brands.
Peter Joy, as previously announced, will be stepping down as
Finance Director on 2 July 2012 but will work with Jonathan to
ensure a smooth transition for a period of time.
Andrew Monk, Chief Executive of VSA Capital Group,
commented:
"We are delighted that Jonathan has agreed to join the board of
the Company and believe that his experience will be of considerable
benefit to the Group as it continues its growth strategy and
pursues its aim of creating a leading independent investment bank
focused on natural resources in London.
"On behalf of the Board, I would also like to thank Peter for
his significant contribution to the Group since he joined at the
start of 2010 and, in particular, for his work in taking VSA
Capital Group to the position it is today in such difficult market
circumstances."
Pursuant to AIM Rule 17, Schedule Two paragraph (g), the
following information is disclosed in respect of Jonathan Berger's
appointment:
Jonathan Berger currently holds no ordinary shares in the
capital of VSA Capital Group. Pursuant to Mr Berger's contract of
employment, he will be entitled to options over 1 million ordinary
shares in the capital of the Company, subject to meeting certain
conditions. If the conditions are met, a further announcement will
be made in the third quarter of this year with respect to the
formal grant of these options and the exercise price, which will be
set by reference to the market price of the Company's shares at the
time.
He is currently a director of:
Humberts Limited (now dormant)
Bernard Walsh Communications Limited
Within the last five years he has been a director of Dubai
Exhibitions Limited.
There is nothing further which is required to be announced
pursuant to the AIM Rules.
For further information, please contact:
VSA Capital Group plc
Andrew Monk, CEO 020 3005 5000
Blythe Weigh Communications
Tim Blythe 020 7138 3204
Shore Capital and Corporate Limited
Bidhi Bhoma or Toby Gibbs 020 7408 4090
Rivington Street Corporate Finance
Jon Levinson 020 7562 3357
NOTES TO EDITORS
VSA Capital Group plc is an international investment banking and
institutional broking group headquartered in London. Via its
subsidiary, VSA Capital Limited, the group provides corporate
finance, broking, research, sales and capital raising capabilities
to companies in the natural resources sectors; Oil & Gas,
Mining, Agriculture and Timber.
VSA Capital Limited is authorised and regulated by the FSA and
advises companies listed in London (AIM and the Main Market),
Canada (TSX) Australia (ASX) and the USA (OTCBB) with assets on
every continent. The firm currently has 24 retained corporate
clients with an aggregate market value of over $1bn.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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