Appointment of Director

RNS Number : 3400E

Spark Ventures PLC

17 December 2009

 



SPARK Ventures plc ("SPARK" or "the Company")

Appointment of Director

SPARK announces that Helen Sinclair was appointed to the Board as a non-executive director on 17 December 2009.

Helen is a respected venture capitalist with a twenty year track record. She started her career as an investment banker and then spent seven years at 3i plc, investing in a wide range of start ups, growth capital and management buy out deals. Latterly she co-founded and ran Matrix Private Equity, a successful private equity house, and raised and managed a successful technology/media/telecoms venture capital fund.

Helen is a recognised industry figure with extensive business experience in a wide range of sectors. She is Chairman of British Smaller Companies VCT plc, The Income & Growth VCT plc and Matrix Income & Growth 4 VCT plc. Her experience and contacts will be very useful to SPARK as it follows its policy of a managed realisation of its portfolio.

David Potter, Chairman of the Company, commented:

"I look forward to working with Helen over the coming years as SPARK fulfils its shareholders' wishes of selling its portfolio for its full value over the next 5 years, as opportunities arise. I also welcome the addition to the Board of someone without any prior connections to the Company, thereby addressing previous shareholder requests that the Board of SPARK should increase its independence from its manager."

Other information

Helen Rachelle Sinclair (43) is currently a director of the following companies:

British Smaller Companies VCT plc

Matrix Income & Growth 4 VCT plc

The Income & Growth VCT plc

Helen was previously (within the last five years) a director of the following companies:

Hotbed Fund Managers Ltd

Matrix Private Equity Ltd

Signature Brands Ltd

Paul Costelloe Ltd

Matrix Group Ltd

MPE Partners Ltd

Matrix Enterprise Fund Nominees Ltd

Helen has no shareholding in the Company.

There is no further information required to be disclosed in accordance with Schedule 2, paragraph (g) of the AIM Rules for Companies.

For further information please contact:

SPARK Ventures plc

Andrew Betton: 020 7851 7777

Collins Stewart Europe Limited 

Hugh Field, Stewart Wallace: 020 7523 8350

 

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