Directorate Change

RNS Number : 3028N

Evolution Group PLC

09 June 2010

 



9 June 2010

EVOLUTION GROUP PLC

APPOINTMENT OF EXECUTIVE DIRECTOR

Evolution Group Plc ("Evolution" or the "Group" or "the Company"), the investment bank and private client investment management group, is pleased to announce the appointment of Philip Howell as a Director of the Company with effect from 8 June 2010.  

Philip was appointed Chief Executive Officer of the Group's investment management subsidiary, Williams de Broë Limited on 23 February 2010.  Philip has over 30 years experience as a multidisciplinary investment, corporate and private banker.  He is an experienced board director, having been a regional CEO both in the UK and internationally, in Asia and South Africa.

Philip joined Williams de Broë from Fortis Private Banking where he had been Regional Chief Executive since 2005.  He was also a member of the Management Board of Fortis Private Banking.  Prior to working at Fortis, Philip held a wide range of senior executive positions within Barclays Group during a 24 year career, latterly as Director of Strategy & Corporate Development for Barclays International Banking & Wealth Management divisions.

Commenting on the appointment Alex Snow, Evolution's Chief Executive, said:  "We are delighted that Philip will be joining the Board and executive team at Evolution.  Philip's breadth of experience in private banking and investment banking is invaluable.  Philip's appointment will further strengthen the Group's senior management team."

As at the date of appointment Philip Howell holds the following Ordinary Shares of 1p each (Shares) or share options in capital of The Evolution Group PLC.

The Evolution Group Plc Employee Share Incentive Plan (the SIP)

Capita Share Plan Services (the "Trustee") in its capacity as the trustee of the SIP holds 906 Shares as Nominee for Mr Howell.

The Evolution Group Plc 2002 Executive Share Incentive Plan (the "2002 ESIP")

As part of his joining incentive Philip Howell was awarded 150,000 ordinary shares in the capital of the Company under the 2002 ESIP. The award was granted for nil consideration.  The exercise price is 1 pence per share. Subject to continued employment and the rules of the 2002 ESIP, call rights will be granted in three equal tranches in February 2011, February 2012 and February 2013 whereupon they will become immediately exercisable. 

The Group confirms that it is not aware of any further details to be disclosed in respect of Philip Howell pursuant to paragraph 9.6.13 of the Listing Rules.

-End-

For more information please contact:

The Evolution Group Plc                                                                    020 7071 4300

Alex Snow, Chief Executive Officer                                                  

Pelham Bell Pottinger                                                                        020 7861 3232

Victoria Geoghegan

 

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