Craven House Capital PLC Replacement - Board Changes (8089L)
October 05 2016 - 11:12AM
UK Regulatory
TIDMCRV
RNS Number : 8089L
Craven House Capital PLC
05 October 2016
The issuer advises that the following replaces the Board Changes
announcement released on 4 October at 07:00 BST.
Under "Additional information on Richard Burrows", existing
shareholding in the Company has been added.
All other details remain unchanged.
The full corrected version is shown below.
5 October 2016
Craven House Capital plc
("Craven House" or the "Company")
Board Changes
Craven House Capital (AIM:CRV) announces that Mr. Richard
Burrows has been appointed to the Board of the Company as Chairman
with immediate effect. Acting Chairman, Mr. Mark Pajak, will remain
on the Board as Non-Executive Director.
Mr. Burrows brings considerable experience to the Board, having
spent over 35 years leading successful businesses in a diverse
range of sectors from consumer goods to banking and financial
services and will offer the benefit of extensive international
experience in both developed and emerging markets. Mr. Burrows is
currently Chairman of British American Tobacco Plc and
Non-Executive Director at Rentokil Initial Plc and Carlsberg
A/S.
Outgoing Chairman, Mark Pajak commented, "Craven House Capital
shareholders are fortunate to have such a seasoned professional as
Chairman as we continue to grow the Company. Mr. Burrows' extensive
experience in our target markets and his relationships will be
invaluable to the Company."
Mr. Burrows commented, "I am very pleased to join the Board of
Craven House Capital. The Company's philosophy and strategy should
provide an exciting opportunity for shareholders and I look forward
to working with the Board and management to expand and grow the
business."
Mr. Burrows is a qualified accountant. His executive career has
been with Irish Distillers, where he was Chief Executive from 1978
to 2000 and at Pernod Ricard, where he was Co-Chief Executive from
2000 to 2005. He has been Chairman of British American Tobacco
since 2009 and prior to that served as director, then Governor, of
Bank of Ireland from 2000 to 2009.
Information in respect of Mr. Burrows as required by Schedule
2(g) of the AIM Rules for Companies is included below.
Ends
For further information please contact:
Craven House Capital Plc Tel: 020 7002 1027
Mark Pajak
www.Cravenhousecapital.com
SI Capital Tel: 01483 413500
Broker
Nick Emerson
www.sicapital.co.uk
SPARK Advisory Partners Tel: 0203 368 3550
Limited
Nominated Adviser
Matt Davis/Mark Brady
www.Sparkadvisorypartners.com
Additional information on Richard Burrows:
Full name: Richard George William Burrows
Age: 70
Current Directorships / Partnerships:
British American Tobacco PLC
Carlsberg AS
Rentokil Initial PLC
Previous Directorships / Partnerships in the last 5 years:
Eurasian Natural Resources Corporation Limited
Voicesage Global Holdings Ltd.
Shareholding in the Company: 1,000 ordinary shares (representing
0.04% of the total issued share capital)
There is no further information required to be disclosed in
respect of the above appointment pursuant to Schedule 2(g) of the
AIM Rules for Companies.
About Craven House Capital:
Craven House Capital is a frontier and emerging market focused
merchant bank seeking value oriented long term investments. Craven
House invests in all segments of the capital structure in
partnership with local entrepreneurs and the local business
community. Craven House provides long term patient capital and is
often involved in restructuring, expansion and turn around
investments in crisis and transitioning economies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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