Change of Board

Not for release, publication or distribution (in whole or in part) in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. For immediate release 3 October 2011 KINGS ARMS YARD VCT PLC Change of Board Following the successful merger of Kings Arms Yard VCT 2 PLC (which was placed in Members Voluntary Liquidation on 30 September 2011), with the Company, and having considered the size and future composition of the Company's Board for the enlarged company, the Board wishes to announce the following changes to the Board. The Board are pleased to welcome from the board of Kings Arms Yard VCT 2 PLC, Mr Thomas Chambers and Mr Alan Lamb, who were appointed non-executive Directors on 3 October 2011 and who will be proposed for election at the next Annual General Meeting. Mr Chambers (50) has over ten years of operational experience at mobile operating systems provider Symbian Limited (now part of Nokia Oyj) and at ADSL/fixed line phone provider First Telecom plc.  Since 2002 he has had a range of industry, venture capital and government non-executive and advisory roles giving him insight into, in particular, the technology and communications sectors.  As CFO of Symbian he played a significant leadership role in the creation of the first Smartphones.  He was also CFO of Robert Walters plc which he took through its listing on the London Stock Exchange in 1996.  He spent six years in corporate finance at Dresdner Kleinwort Benson Limited after a five year career with Price Waterhouse.  He is currently a council member of the University of Surrey, sits on the advisory board of Green Square Partners LLP and is an associate of the TheInfluence.info. In accordance with LR 9.6.13 Mr Chambers has the following directorships: Current                                        Past five years Kings Arms Yard VCT 2 PLC                         Symbian Limited Wine Equals Friends Limited                          Symbian Software Limited                                        System C Healthcare plc Mr Lamb (62) has broad experience as a manager and entrepreneur in technology businesses from early stage through to being part of a large public company.  He founded Flexion Inc. in 1998 to provide new generation communication systems for smaller businesses.  Previously, he founded Airtech Computer Security that grew to become a highly profitable group delivering secure electronic payments solutions.  Having sold Airtech to Racal Electronics PLC in 1994, he was divisional managing director responsible for banking and communications security business in Europe and the USA.  In the last ten years he has focused on developing spin-out companies from UK universities as a mentor, chairman and non-executive director.  He formed Blaze Photonics which was sold to Crystal Fibre, and Identum which was sold to Trend Micro.  He is currently on the board of Promethean Particles, a supplier of specialist nano-particles, and TTE Systems, which provides high-reliability processors and matched development tools to the aerospace and automotive markets. In accordance with LR 9.6.13 Mr Lamb has the following directorships: Current                                        Past five years Gyrometric Systems Limited                          Data Perspective Limited * Kings Arms Yard VCT 2 PLC                         Trend Micro (Encryption) Limited Oxford Heyderum Limited                              Voxent Systems Limited ** Promethean Particles Limited TTE Systems Limited *           Data Perspective Limited was voluntarily struck off the register of companies in 2009. **         Voxent Systems Limited was placed in members' voluntary liquidation in October 2004 and struck off the register of companies in March 2007. There is no further information relevant to LR 9.6.13 that needs to be disclosed with respect to these appointments. Patrick Reeve, the managing partner of Albion Ventures LLP, resigned from the Board of Kings Arms Yard VCT PLC on 3 October 2011. The Board would like to thank him for his commitment and guidance to the Company since his appointment on 1 January 2011. 3 October 2011 For further information, please contact Patrick Reeve, Managing Partner, Albion Ventures LLP 0207 601 1850 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE [HUG#1551731]
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