RNS Number:6388C
Bartercard plc
09 May 2006
Bartercard PLC
("Bartercard")
Resignation of director and sale of Sunbury franchise
Bartercard announces the resignation of David Wright as a director, who is
leaving in order to own and manage the Sunbury franchise. Molcob Limited, of
which David is a Director and shareholder, has paid Bartercard #360,000 for this
franchise, which is currently company owned and is the oldest brokerage office
in the UK, with the office the UK headquarters prior to the move to Richmond. He
will also be acquiring the Surrey Hants franchise from the current franchisee.
A search is already underway for a new non-executive director and an
announcement will be made in due course.
Wayne Sharpe, Chairman, commented:
"David knows the Bartercard business extremely well, having previously been
chief executive of the group. I believe he will be extremely successful as the
owner of the Sunbury and Surrey Hants franchises and we look forward to working
closely with him."
David Wright added:
"I felt it appropriate to resign from Bartercard's board in order to devote my
energies full time to ensuring the success of the Sunbury and Surrey Hants
franchises. However, I fully intend to remain a substantial shareholder in
Bartercard."
Enquiries
Bartercard plc
Wayne Sharpe, Executive Chairman 07909 975488
College Hill 020 7457 2020
Richard Pearson
Roddy Watt
This information is provided by RNS
The company news service from the London Stock Exchange
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