Deal Group Media PLC
18 January 2006
Press Release 18 January 2006
Deal Group Media plc
Board Changes
The Board is pleased to confirm that the guidance for 2005 is maintained.
Christmas trading has been consistent with the company's expectations.
Following a review of the business by the Chairman John Porter, the Board have
decided to make the following immediate management changes. Andrew Dickson,
Chief Financial Officer, will combine this role with Chief Operating Officer and
will report directly to the Chairman. Andrew will be responsible for Group
operations and technology. As part of this review Mark Hopwood, the Chief
Technical Officer, has resigned and will be leaving the Company at the end of
January.
Adrian Moss will continue as CEO, and will focus on the international expansion
of the business and developing new areas of business in this evolving market.
After a review by the Remuneration Committee it has been decided to issue
4,000,000 additional share options to Andrew Dickson due to his new role within
the business, at the mid price as at 4:30pm on Tuesday 17th January.
Deal Group Media will announce Final Results for the year ended 31 December 2005
on Monday 16th March.
John Porter, Chairman of Deal Group Media plc, said: 'Following my review of the
business I believe that these management changes will enable the change in
strategy to put our clients ahead in a fast growing and competitive market. Our
technology must become more intuitive and allow our clients to choose their
level of interaction. I look forward to presenting the Results and our Strategic
Plan on Monday 16th March.'
For further information, please contact:
Abchurch Communications
Ariane Comstive / Charles Jack Tel: +44 (0) 20 7398 7700
charlie.jack@abchurch-group.com www.abchurch-group.com
Panmure Gordon & Co.
Grant Harrison Tel: +44 (0) 20 7459 3600
- Ends -
This information is provided by RNS
The company news service from the London Stock Exchange
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