TIDMIHUK
RNS Number : 9603U
Impact Holdings (UK) PLC
02 July 2009
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Impact Holdings (UK) plc
("IHUK" or "the Company")
Board Changes and Shareholding in Company
Board Changes
The Board of IHUK are pleased to announce Roger William Barlow (aged 55) will
join the Group with effect from 2 July 2009 as Non Executive Director.
Roger is FCA qualified and is presently Chairman of the Marsden Building Society
having previously been a senior Audit Partner with KPMG before becoming a board
member on various private and public companies. He was Executive Director and
CFO of Libertas Capital Group plc, an AIM listed company, until November 2007,
and thereafter served as a Non Executive Director.
Roger's present directorships include:
Marsden Building Society
Marsden Technology Services Limited
Libertas Capital Group plc (in administration)
Sapien Partnership Limited
His past directorships, with dates of resignation, within the last five years
include:
Libertas Capital Corporate Finance Limited (June 2008)
Libertas Capital Securities Limited (June 2008)
Libertas Capital Ventures Limited (June 2008)
Libertas Capital Group Employees Share Trust Limited (June 2008)
The Legacy Evolution Company Limited (March 2006)
Dynamix Marketing and Communications Limited (July 2005)
Richard Kilsby, Chairman, said:
"Roger brings a wealth of experience and will assist in growing the business as
we move forward, creating value for shareholders and delivering the Group's
strategy".
Mr Barlow does not hold any shares in IHUK and there are no further disclosures
required under Schedule 2(g) of the AIM Rules for Companies.
David Hughes will move from Non-Executive Director to main board Executive
Director with the title Legal Director. He will be responsible for all legal and
company secretarial matters and also develop and manage the property bridging
interests of Impact Bridging Solutions Limited and Impact Bridging Developments
Limited.
David (aged 49), is a Solicitor and Member of the Law Society and has, during
his successful career, held a number of senior positions, most recently as
Senior Partner of Yaffe Jackson Ostrin, Solicitors where he was responsible
primarily for dealing with major commercial clients on property related matters.
David also has considerable property interests in both the UK and Europe.
Holdings in Company
The Board of IHUK has also been informed that, following recent acquisitions, Mr
Bruce Judge now maintains a beneficial interest over 322,000 Ordinary Shares of
50p each in the Company, (which represents approximately 28.41 per cent. of the
Company's current issued share capital).
For further information:
Impact Holdings (UK) plc
Paul Davies, Chief Executive Officer
Tel: 0161 437 9499
Daniel Stewart & Company plc
Simon Leathers /
Charlotte Stranner Tel: 020 7776 6550
Notes to Editor:
Impact Holdings (UK) plc through its individual subsidiaries provides short term
funding solutions, loans administration and IT support services in two specific
sectors:
1. The legal disbursements market;
2. Property based bridging and development market.
In addition Impact will fund other opportunities where debt instruments or
debentures provide the primary security and there are opportunities for short
term bespoke funding where serviceability precludes larger lenders from entering
this area.
Impact is regulated by The Office of Fair Trading through which it is licensed
to lend under the Consumer Credit Act 1974 and the Financial Services Authority
for regulated lending.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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