Mondas PLC
31 October 2000
Mondas plc
('Mondas' or the Company')
Board Changes
Mondas PLC announces the following changes to its Board of
Directors with effect from 31 October 2000.
The Board is delighted to welcome long-term shareholder Mr Colin
Peters, aged 56, to the Board as a non-executive director taking
over from Ken Barnes who leaves to enjoy his retirement. The
Board thanks Ken for his contribution to the development of the
Group.
Colin qualified as a Chartered Accountant and developed his career
with Coopers & Lybrand, Mann Judd and Dearden Farrow leading to a
specialism in computer audit technology and computer consultancy.
In 1987 he organised a management buy-out from Dearden Farrow of
Medical Computer Services Ltd ('MCSL'), the software company he
created for them. By 1992, MEDAX the Hospital Information System
designed by Colin within MCSL, was installed in almost 90% of UK
private hospitals and five NHS Trust Hospitals. The ACT Group
purchased MCSL in May 1992 and merged it with their own healthcare
operation in 1993.
At the end of 1993 Colin moved on, and in 1994 he established a
venture capital company, Hambridge Associates Ltd, with the aim of
helping companies within the information technology sector.
Colin joins Mondas at an exciting time in the development of the
company, following the recent acquisition of DSR Holdings Ltd
which designs, manufactures and supplies 'Resource' accounting and
management information solutions.
Also joining the Board as a non-executive director is Mr Bernard
Fairman, aged 51, who will represent Foresight Technology VCT plc
following its £1million participation in the placing accompanying
the recent acquisition of DSR Holdings Limited. Bernard trained
as an economist and in 1970 joined Panmure Gordon as an oil
investment analyst. In 1973 he moved on to Edward Bates, a
specialist investment bank. On leaving in 1976, he gained
investment experience at various small oil/electronic companies.
He joined 3i Ventures in 1981 and co-founded VCF partners in 1984,
advisers to Fleming Ventures Ltd and Foresight Technology VCT plc.
Colin and Bernard bring a wealth of Corporate and Financial Sector
experience with them, which will benefit Mondas Plc, both in the
Boardroom and in its target financial markets.
Matthew Crook, Sales & Marketing Director has resigned to pursue
other interests. It is now the Board's intention to separate the
roles of Sales and Marketing and appoint individuals with specific
securities and e-business experience in each discipline.
Enquiries:
Mondas
Tim Simon, Chairman Tel: 01932 334 600
College Hill
Matthew Smallwood Tel: 020 7457 2020
Compliance issues:
The following declarations are being made in accordance with
paragraph 16.8 of the AIM Rules.
a)The directorships held by Mr Colin Leslie Peters (aged 56) and
Mr Bernard William Fairman (aged 51) over the five years
preceding the date of this announcement other than in the
Company are as follows:
For Mr Colin Leslie Peters:
Current Directorships Past Directorships
Hambridge Associates Limited Embedded Solutions Limited
(now called Celoxica
Limited)
Dash Technologies Limited
LME Design Automation
Limited Procis Software Limited
For Mr Bernard William Fairman:
Current Directorships
Foresight Technology VCT plc
e-district.net plc
Actimax plc
Sapphire Group Limited
b)Mr Peters is not a partner in a partnership nor has been a
partner in any partnerships in the five years preceding the date
of this announcement. Mr Fairman is a partner in VCF Partners.
c)Neither of Mr Peters nor Mr Fairman have any unspent convictions
relating to indictable offences, has not been made bankrupt or
made or been the subject of any individual voluntary
arrangement.
d)Neither Mr Peters nor Mr Fairman have been a director of any
company at the time of or within twelve months preceding the
date of its receivership, compulsory liquidation, creditors'
voluntary liquidation administration, company voluntary
arrangement or any composition or arrangement with its creditors
generally or any class of its creditors. Neither of Mr Peters
nor Mr Fairman have not been a partner of any partnership at the
time of or within twelve months preceding the date of its
compulsory liquidation, administration or partnership voluntary
arrangement or the receivership of any assets of such
partnership nor have any of his assets been the subject of
receivership.
e)Neither of Mr Peters nor Mr Fairman have been criticised by any
statutory or regulatory authority or been disqualified by a
court from acting as a director of a company or from acting in
the management of the affairs of any company.
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