CORSIE GROUP PLC ("Corsie" or the "Company")
Directorate Change
Corsie appoints PLC specialist as Non-Executive Director
The board of Corsie, the AIM listed specialist in the assembly and sale of
products and services to the leisure market, is delighted to announce today the
appointment of Vikram Lall, CBE, as Non-Executive Director, with immediate
effect.
Vikram was previously director in charge of corporate finance at Brewin Dolphin
Holdings Plc ("Brewin Dolphin"), where he was responsible for group corporate
finance activities in Edinburgh, . He retired from executive duties in December
2003 and continues to hold a non-executive directorship at Brewin Dolphin.
Vikram, who is a member of the Institute of Chartered Accountants of Scotland,
brings to the board extensive corporate finance experience, as well as
excellent strategic insight and proven negotiation skills.
In 2005, Vikram was awarded a CBE for services to business in Scotland.
Vikram Lall CBE commented:-
"I am pleased to be appointed to the Board of Corsie and look forward to
contributing to its future growth".
Richard Corsie MBE, CEO, added:-
"I am delighted to welcome Vikram on board. We are privileged to have attracted
such a high calibre business mind, and believe that today's appointment is
testament to the strong current and future position of the Company. We look
forward to accessing his wealth of experience and contacts."
Vikram Lall is a non executive director of a number of companies including ISIS
Property Trust ,Crown Place VCT, Brewin Dolphin Holdings and Ramco Holdings. He
is non executive Chairman of Ryden LLP and Chairman of the Scottish Industrial
Development Advisory Board.
Save as disclosed below, there are no further details required to be disclosed
pursuant to the AIM Rules.
Vikram Lall, (age 59)
Listed below are the names of the companies of which Mr Lall has been a
director or partner at any time in the past five years.
Other Directorships / Partnerships Former Directorships Held Within
Currently Held Last 5 Years
Findrack (UK) Limited James Finlay (Profession &Trustees)
Limited
Findrack (Properties) Limited James Finlay (Tax & Financial
Planning) Ltd
Brewin Dolphin Holdings plc Stocktrade Broking Limited
CP1 VCT PLC Canvas Holidays Limited
Heriot Services Limited Edinburgh Academy Enterprises
Limited
CP2 VCT plc Brewin Dolphin Securities Limited
Findrack (Investments) Limited Bell Lawrie White & Co Limited
The Royal Lyceum Theatre Company Erskine Nominees Limited
Limited
Queen Margaret University, Edinburgh Robert White & Co Limited
QMC Properties Limited Acorn Consultants Limited
Volo Holdings Limited Canvas Holdings Limited
Ramco Holdings Limited The Malcolm Group Plc
Crown Place VCT plc Ramco Energy Plc
Ryden LLP Infocell Holdings Limited
Euro Hostels Limited
Heriot & C Limited
Infocell Group Limited
Mr Lall was a non executive director of Marine Oil Industry Repairs Limited to
which a receiver was appointed in June 1975.
--ENDS-
Enquiries:
Corsie Group plc Tel: 0131 653 0535
Richard Corsie MBE, Chief Executive
www.corsiegroup.com
City Financial Associates Limited Tel: 020 7090 7800
James Caithie
Bishopsgate Communications Ltd Tel: 020 7430 1600
Dominic Barretto
About Corsie Group plc
Corsie is a provider of products to the worldwide leisure market. Its business
operates in the UK and has customers in a number of geographical markets
including Europe, Canada, Hong Kong, Malaysia, Australia and New Zealand. The
business was founded by Richard Corsie in 1997 after he retired from the sport
of bowls and following the buyout of Douglas Kenn Limited and Worth Sports
Limited. Corsie operates from its headquarters in Musselburgh, near Edinburgh.
The Corsie Group is involved in the assembly and sale of products and services
to the leisure market. The Group consists of three operating divisions: Spa
Division, Surfaces Division and Sports Division. Within each division, the
Group is focused on achieving growth both organically, and through selective
acquisition of companies or businesses in the leisure market.
On 19 September 2006, Corsie announced that it had acquired the business and
assets of Kaloss International Limited, a distributor and wholesaler of health
and beauty products, for a cash consideration of £434,000. Information on
Kaloss can be obtained at: www.kaloss.com
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