TIDMIGD
RNS Number : 8695M
IncaGold Plc
05 February 2009
5 February 2009
IncaGold plc
Directorate Change and Trading Update
Directorate Change
The Board of IncaGold PLC, (the "Company") announces the resignation of Richard
Holmes as a director of the Company for personal reasons with immediate effect.
Richard will continue to act as Chief Executive Officer of the Swiss trading
subsidiary, IncaGold GmbH, the position he has held since the transfer of the
computer games publishing business from IncaGold Plc to IncaGold GmbH on 1
February 2008.
Trading Update
The principal scope of activity of IncaGold GmbH remains that of the publishing,
under license, of mass-market computer games, entertainment and the like. Since
the transfer, IncaGold GmbH has continued to trade in the licensed sales
market utilising its electronic distribution network and now also acts as a
commissioned agent for the resale of physical overstocks available on
traditional CD-Rom and DVD formats. In addition, the management team has
subsequently expanded their offerings to include the provision of consultancy
services to developers and other smaller publishers.
The Board is pleased to report that transfer of the business from the Company to
IncaGold GmbH has been completed successfully with the IncaGold GmbH management
team, led by Richard, reporting resilient performance ahead of management
expectations, despite these volatile global market conditions.
The remaining board of IncaGold PLC congratulates the team at IncaGold GmbH for
their successful take-on of the business since its transfer to them on 1
February 2008. The Annual Report and consolidated Accounts for IncaGold PLC for
the period ending 31 December 2008 is in process and will be reported to the
market in due course.
Contact:
IncaGold plc
Justin Martin, Director
Tel: +44(0)1624 820040
Website: www.incagoldplc.com
Zeus Capital plc
Ross Andrews
Tom Rowley
Tel: +44(0)161 8311512
Website: www.zeuscapital.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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