Directorate Change

RNS Number : 3481Y

Brainspark PLC

29 February 2012

 



29 February 2012

Brainspark plc

("Brainspark" or "the Company")

Directorate Change

Brainspark is pleased to announce the appointment of Justin Piers Drummond (aged 38) as Executive Chairman and a Director of the Company.

Justin Drummond has had 12 years' experience with AIM listed companies having been an investor or co-founder of a number of successful technology and financial services companies. In addition, Justin founded Media Corporation plc ("Media Corp") in February 2000, six years after his first marketing business was established. Justin saw Media Corp listed on the London Stock Exchange just a year after its formation via the reverse takeover of Chrome Technology plc in May 2001. Justin has overseen the rapid growth of Media Corp and has successfully raised approximately £20 million from institutional investors. In addition he led the acquisitions of Eyeconomy Limited, a leading online media agency in 2004 and Search Focus Limited, a web publisher for £10.6 million in 2005.

Alfredo Villa, Chairman and CEO of Brainspark commented, "We welcome Justin to the board of Brainspark. His AIM company experience together with a successful M&A track record makes him the natural choice for the Chairman's role.  Justin's long held regard within the City has now opened up the UK capital markets to us, taking away the reliance on Italy as the main centre of fund raising for the Group."

Mr Drummond has held the following Directorships over the past five years:

Current		Previous
Ascend Capital plc		Search Focus Limited
Coms plc
Xworks (UK) Limited
Media Corporation plc
Eyeconomy Limited
Careerplus Limited
Result Online Limited
Flight Comparison Limited

Mr Drummond holds 89,980 shares, or 0.28 per cent. of the issued share capital of Brainspark.

Save for the information disclosed above there is no other information required to be disclosed under Rule 17 and Schedule Two, paragraph (g) of the AIM Rules.

-ends-

For further information please contact:

Brainspark plc                                                                                                       [phone]

Alfredo Villa, Chairman and CEO

Westhouse Securities                                                                                 [phone]

Antonio Bossi

Jonathan Haines

Leander PR                                                                                                 [phone]

Christian Taylor-Wilkinson

About Brainspark Plc

Brainspark plc (AIM: BSP) is an AIM listed investment company pursuing a dynamic strategy to create a comprehensive portfolio of companies primarily encompassing the interactive media, leisure, entertainment and financial services sectors mainly in Italy but also other European countries. The company may be either a passive or active investor and Brainspark's investment rationale ranges from acquiring minority positions with strategic influence through to larger controlling positions.

 

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