Sale of Subsidiary
February 27 2003 - 12:03PM
UK Regulatory
RNS Number:0968I
Direct Message PLC
27 February 2003
The Independent non-executive Directors of Direct Message are pleased to
announce that, following the passing of the resolution at the Extraordinary
General Meeting of the Company on 24 February 2003, completion of the disposal
of the Group's subsidiaries on the terms set out in the circular to shareholders
dated 7 February 2003 took place on 25 February 2003.
Board Changes
Michael Meyer and Stuart Mollekin resigned as Directors of the Company following
completion of the disposal.
The Independent Directors are pleased to announce that Robert Kean McDonald has
been appointed a non-executive director of the Company. Kean McDonald is aged 39
and is a director of Texas Holdings Limited, a substantial shareholder in Direct
Message, and is also a director of a number of other public and private
companies. His appointment will assist the Director's in the diversification of
the Company's business.
The following are Kean McDonald's current and former directorships in the
previous five years:
Directorships:
Current Former
G Hopwood & Sons Limited Bentall Rowlands Limited
Park Cross (Engineering) Limited Gardner Avon Limited
Texas Alloys Limited McDonald Engineering Limited
Texas Group plc Millthorpe TMI Limited
Texas Holdings Limited Texas Demolitions Limited
Texas Innovations Limited Gardner Parts Limited
W Wright & Co Limited
MKM Properties Limited
Kean McDonald was a director of Texas Communications Limited, which was
dissolved on 24 April 1996 following a corporate voluntary arrangement in July
1994 with creditors totalling approximately #1.25 million. Save as aforesaid
there are no other matters to be disclosed under paragraph (f) of Schedule Two
of the AIM Rules.
This information is provided by RNS
The company news service from the London Stock Exchange
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