BOARD APPOINTMENT

RNS Number : 2925I

Immedia Group PLC

17 November 2008

 



Immedia Group Plc

('Immedia' or 'the Company')

BOARD APPOINTMENT

Immedia Group Plc (AIM: IME.L), the UK's leading provider of live, tailored radio and video for retail, is pleased to announce the appointment of Mr Mark Horrocks to the Board as Non Executive Director, with immediate effect.

Mark, (aged 46) joined the City in 1983 as a Financial Analyst to the Guardian Royal Exchange Group Plc and went onto manage the UK equity portfolios of the main Pension and Life funds representing assets of over £2bn until leaving in 1997 to pursue his own interests in the Small Company marketplace. He went on to join the Boards of several quoted small companies and gained much understanding of the needs of such companies as quoted businesses. In 1999 he jointly created and launched the Small Company Investment Trust Intrinsic Value Plc and is currently a Partner in Intrinsic Capital LLP.

Geoff Howard-Spink, Chairman, commenting on Mark's appointment said:

'We are delighted to welcome Mark to the Company and feel confident that, with the extensive positions he has held in the City, he will bring a wealth of experience and will undoubtedly be an asset to the Board of Immedia Group Plc as we continue to grow the business and create value for shareholders.'

Pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies, the following information in relation to the appointment of Mark Horrocks to the Board is disclosed:

Mark currently holds, or has held, the following directorships and partnership appointments within the last five years:

Current:

Biopharm Knowledge Publishing Limited

Capital Accumulation Limited

Dean Art Investment Limited

Deans Yard Limited

Dewscope Limited

Draganfly Investments Limited

Horrocks Guardian Limited

Horrocks Protectorate Limited

Intrinsic Capital Services Limited

Intrinsic Value Limited

Intrinsic Value Partnership Limited

Marshdale Properties Limited

Open Golf and Leisure Limited

Technomark Consulting Services Limited

Technomark Investment Management Limited

The Production Switchboard Limited

Trochus Plc

Witheby Management Company Limited

  Previous:

Ballymore Leisure Limited (Dissolved)

City Gourmets Limited

Envenio Limited

GP Net Limited (Dissolved)

Intrinsic Value Advisers Limited (Dissolved)

Immedia Broadcasting Trustees Limited

Merchant Securities Holdings Limited

Richoux Group Plc

SRS Technology Limited

Technomark Group Limited (Dissolved)

Touch Group Plc

Vantar Limited (Dissolved)

Mark Horrocks was a Non-Executive Director of Ballymore Leisure Limited when it was placed into administrative receivership. There are no outstanding claims in relation to this receivership.

Mark Horrocks has a total beneficial interest in 4,269,638 Ordinary Shares of 10p each ('Ordinary Shares') in Immedia Group Plc, representing approximately 29.33 per cent. of the Company’s current issued share capital.

This is comprised of a direct beneficial interest in 3,161,638 Ordinary Shares, representing approximately 21.72% of the Company's current issued share capital through Dewscope Limited and Horrocks Guardian Limited, and an indirect beneficial interest in 1,108,000 Ordinary Shares, representing approximately 7.61% of the Company's current issued share capital, through Draganfly Investments Limited.

Save for the above, there is no further information to disclose.

Contact:

Immedia Group Plc

Bruno Brookes, Chief Executive Officer        Tel: + 44 (0) 1635 572 800

www.immediaplc.com

Daniel Stewart & Company Plc

Simon Leathers/Tessa Smith                        Tel: + 44 (0) 20 7776 6550

Hudson Sandler

Nick Lyon                                                        Tel: + 44 (0) 20 7796 4133

Notes to Editor:

Listen, see, discover, install.

By providing live, tailored radio stations to retail, Immedia and its subsidiaries are able to specialise in audience engagement for both staff and consumers. The Company installs and operates radio stations to nearly 7,000 stores in the UK and Ireland, including banks, pharmacies and furniture stores.

Each radio station is tailored specifically to the brand owner, featuring key presenters and including music to match the mood or product. The specialist ratio station offers interactive facilities, using text, web links and pod casts.

 

END

 

 

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