TIDMACR
RNS Number : 8988R
Abbeycrest PLC
08 May 2009
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| Press release | 8 May 2009 |
+-----------------------------------------+--------------------------------+
Abbeycrest plc
("Abbeycrest" or "the Group")
Appointment of Group Sales and Marketing Director
Abbeycrest plc (LSE: ACR), a leading international jewellery designer and
manufacturer, is pleased to announce that Nick Hamley has been appointed to the
Board as Group Sales and Marketing Director with immediate effect.
Nick, aged 55, brings over thirty years of international operational, creative
marketing and retail management experience to the Group. During his career, he
has helped build the brands of a number of well known retail firms, including
Signet Group plc, Specsavers, Vision Express and Home Retail Group plc.
Prior to joining Abbeycrest in November 2008, Nick Hamley spent ten years, from
1997 to 2006, as Director of Marketing for Signet Trading Limited, a subsidiary
company of Signet Group plc. Nick was responsible for the overall strategic
development of their jewellery retail brands, H Samuel, Ernest Jones and Leslie
Davis. He was also, more recently, Interim Head of Strategic Development at
Argos, a division of Home Retail Group plc and Retail Director of opticians
group, G.C. Bateman Limited.
Commenting on the appointment, Simon Ashton, Executive Chairman of Abbeycrest,
said: "I am delighted that we have recruited someone of Nick's calibre. His
breadth of experience and contacts in the jewellery and retail markets will
prove extremely valuable to the Group. He will play an integral role in
implementing the strategic changes currently being made within the business.
This is an exciting time for Abbeycrest and I look forward to working with Nick
as we drive the business forward."
Onhis appointment, Nick Hamley commented: "I am delighted to be joining
Abbeycrest at this important stage in its development. The Group has been
through a period of significant change and we have now put in place the
foundations to enable us to capitalise on the growing demand for quality fine
jewellery. I am looking forward to helping Abbeycrest take advantage of the
opportunities within its markets."
The following information is required to be disclosed pursuant to Listing Rule
9.6.13.
Mr Hamley was appointed a director of G.C. Bateman Limited ("GCB") on 6 August
2007. BDO Stoy Hayward LLP were appointed as administrators of GCB on 1 May 2008
and immediately concluded a sale of the company's trade and assets, along with
the trade and assets of certain of its subsidiary companies, to Vision Express
(UK) Limited, for a total consideration of GBP14 million. Mr Hamley resigned as
a director of GCB on 2 May 2008. On 25 November 2008, the administrators
reported that GCB had no further assets to realise and that the company would
exit administration by way of a creditors voluntary liquidation.
Mr Hamley was a director of Advertising & Design (UK) Limited ("A&D") when
administrative receivers were appointed on 14 December 1990. A&D was dissolved
and removed from the register of companies on 19 July 1994.
Further details relating to the administrations of GCB and A&D are as follows:
+--------------------+--------------------+------------------+---------------+
| | Estimated surplus/(deficiency) as regards |
+--------------------+-------------------------------------------------------+
| | Preferential | Non-preferential | Members2 |
| | creditors | creditors1 | |
+--------------------+--------------------+------------------+---------------+
| | GBP | GBP | GBP |
+--------------------+--------------------+------------------+---------------+
| GCB | 1,445,302 | (1,825,615) | (1,867,667) |
+--------------------+--------------------+------------------+---------------+
| A&D | 342,509 | (190,483) | (214,583) |
+--------------------+--------------------+------------------+---------------+
1The estimated deficiency as regards non-preferential creditors includes the
estimated surplus as regards preferential creditors.
2The estimated deficiency as regards members includes the estimated deficiency
as regards non-preferential creditors.
No other information in respect of Mr Hamley is required to be disclosed
pursuant to Listing Rule 9.6.13.
- Ends -
For further information:
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| Abbeycrest plc | |
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| Simon Ashton, Executive Chairman | Tel: +44 (0)113 245 3804 |
+--------------------------------------------+--------------------------------+
| | www.abbeycrest.co.uk |
+--------------------------------------------+--------------------------------+
+-------------------------------------------+---------------------------------+
| Evolution Securities Limited | |
+-------------------------------------------+---------------------------------+
| Joanne Lake / Peter Steel | Tel: +44 (0)113 243 1619 |
+-------------------------------------------+---------------------------------+
| joanne.lake@evosecurities.com | www.evosecurities.com |
+-------------------------------------------+---------------------------------+
Media enquiries:
+--------------------------------------------+--------------------------------+
| Abchurch Communications | |
+--------------------------------------------+--------------------------------+
| Sarah Hollins / Mark Dixon | Tel: +44 (0) 20 7398 7729 |
+--------------------------------------------+--------------------------------+
| mark.dixon@abchurch-group.com | www.abchurch-group.com |
+--------------------------------------------+--------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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