Directorate Change

RNS Number : 1570Y

Gresham Computing PLC

28 August 2009

 



Embargoed until 07.02 HRS (BST) 28 August 2009

Gresham Computing plc

(the 'Company' or 'Gresham')

Directorate Changes

Gresham Computing plc (LSE: GHT), the specialist provider of real-time financial solutions and storage solutions, is pleased to confirm the appointment of Max Royde as Non-executive Director with immediate effect. 

Max is a Partner at Kestrel Partners LLP, a smaller company fund management business, having previously been at KBC Peel Hunt, the mid-cap broker, for over 10 years where he latterly held the position as Managing Director responsible for the firm's technology franchise.

Gresham confirms that Ted Aves has today stepped down from his position as Non-executive Director as was previously indicated in our interim results announcement issued today.

Commenting on his appointment, Max Royde, Non-executive Director, said:

'I am pleased to be joining Gresham at this important stage of its development and look forward to helping the Board drive profitability following a number of years of investment.'

Andrew Walton-Green, CEO of Gresham, commented:

'I welcome Max to the Board and look forward to working with him as we complete our restructuring and position the Company for growth.

'I would like to thank Ted for the support and commitment he has given to Gresham during his time with the Company.'

-ends-

For further information please contact: 

Gresham Computing Plc	[phone]
Andrew Walton-Green, CEO or Eric Sepkes, Chairman
KBC Peel Hunt	[phone]
Capel Irwin, Daniel Harris
ICIS	[phone]
Bob Huxford, Caroline Evans-Jones or Fiona Conroy

Appendix

Mr Royde holds 41,500 and his wife holds 972 ordinary shares in the Company in aggregate representing approximately 0.1 per cent of the issued shares of the Company.

Mr Royde was appointed as a Non-executive Director of Hotel Buyer Limited on 10 October 2000 and resigned on 10 May 2005. On 31 May 2005 the company was placed into members' voluntary liquidation. There are no other matters required to be disclosed pursuant to Listing Rules 9.6.13 (1) to (6) inclusive.

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