Board Changes

RNS Number : 5762F

Viridas PLC

28 April 2011

 



28 April 2011

Viridas plc

("Viridas" or the "Company")

Board changes

Viridas, the AIM listed investing company, focused on the natural resources sector, announces that further to the press release issued on 31 March 2011, Mr Nicholas Lee has today been appointed as a Non-Executive Director of the Company. In addition, and as part of the repositioning of the Company, Messrs David Thompson, Keith Robinson and Jack Posner have stepped down from the board of directors of the Company.

Mr Lee, aged 48, is currently Head of Corporate at Novus Capital Markets Limited. He read Engineering at St John's College, Cambridge and began his career at Coopers & Lybrand where he qualified as a chartered accountant. He then joined Dresdner Kleinwort where he worked in their corporate finance department advising a range of companies across a number of different sectors and most recently was Head of Investment Banking for Dresdner Kleinwort's hedge fund/alternative asset manager clients. He is currently Chairman of AIM quoted Charles Street Capital plc and was previously a Non-Executive Director at Paragon Diamonds plc, also listed on AIM.

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

Current Positions

Charles Street Capital plc

ACL Capital Limited

Gardener Holdings (Kent) Limited

Past Positions

Sweet China Limited

Paragon Diamonds plc

Waste Power Generation Limited

Mr Lee does not currently hold any interest in the share capital of Viridas.

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

-ends-

For more information please contact:

Viridas plc:

Stanley Wootliff, Executive Chairman                  [phone]

Nominated Adviser:

Arbuthnot Securities

Antonio Bossi/Paul Gillam                                      [phone]

 

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