Directorate Change

RNS Number : 7084C

Newmark Security PLC

04 May 2012

 



4 May 2012

Newmark Security plc

("Newmark" or the "Group")

Board Changes

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to announce the appointment of Robert Waddington and Marie-Claire Dwek to the Board of Directors as a Non-Executive Directors, Robert also being a representative for the Alexander Reid family trust. 

The Board also regrets to announce the resignation of David Ishag, with immediate effect, as a Non-Executive Director from the Board. 

David Ishag has been a non-executive director since January 2010, but has resigned due to his other very extensive business commitments.  The Board of Newmark would like to thank David for his advice and contribution to the Group during this period and wish him every success for the future.

Robert Waddington

Robert Waddington, aged 70, is a chartered accountant who has worked for many years in investment banking and has experience of the betting and gaming, property investment and engineering industries through his past non-executive directorships.  He does not currently hold any directorships but has been a director during the past five years of the following companies:

Current Directorships:	Past Directorships:
None	Elvaston Investments Ltd Elvaston Properties Ltd M.P Industries Ltd Stanhope Gardens Ltd Genting UK Plc (formerly known as Stanley Leisure Plc) Halley Investment Company Ltd Honey Villas Ltd AGL Ltd

Mr Waddington was also a director of the following companies that entered into administration during his tenure and were subsequently dissolved:

	Date company entered into administrator	Date company dissolved	Richard Waddington's shareholding prior to entering into administration
MP Industries Ltd	24 June 2005	1 May 2007	9%
Subsidiary companies of MP Indutries Ltd
AGL Ltd	17 June 2005	8 May 2007	Nil
Rewalt No 2 Ltd	24 June 2005	28 December 2006	Nil

Mr Waddington does not have an interest in the Ordinary Shares of the Company.

There is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies. 

Marie-Claire Dwek

Marie-Claire Dwek, aged 48, has worked for four years in the electronic security sector as marketing director. Since 2001 Ms Dwek has worked in property investment and management for Motcomb Estates.  Ms Dwek is not currently, nor has she previously been a director of any company.  Marie-Claire is the daughter of Maurice Dwek, the Chairman of the Company.

Ms Dwek does not have an interest in the ordinary shares of the Company.

There is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies. 

- Ends -

For further information:

Newmark Security plc
Maurice Dwek, Chairman	Tel: [phone]
Brian Beecraft, Finance Director	www.newmarksecurity.com

Seymour Pierce Limited
Mark Percy / David Forman, Corporate Finance	Tel: [phone]
	www.seymourpierce.com

Notes to editors

Newmark Security PLC is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets.  Operating through two established and wholly owned divisions, Grosvenor Technology (Electronic) and Safetell (Asset Protection), the Group listed on AIM in 1997.

Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its CUSTOM brand OEM product range.  Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and many universities.  More information can be found at www.gtl.biz

Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment.  Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains.  More information can be found at www.safetell.co.uk

 

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