Directorate Change

RNS Number : 9492E

Cenkos Securities PLC

08 June 2012

 



8 June 2012

Cenkos Securities plc ("Cenkos" or "the Company")

Director Appointments

Following a comprehensive review of the Board's composition by the Chairman and the Non-executive Directors, Cenkos is pleased to announce that Mike Chilton, Paul Hodges, Joe Nally, and Jeremy Warner Allen have today been appointed Executive Directors of the Company, subject to FSA approval.

The Company is committed to maintaining a strong and effective Board with regulatory, operational and strategic responsibilities for supervising the business in the best interests of the shareholders.  In order to meet this commitment and to ensure  regulatory governance is maintained,  the Non-executive Directors believe that it is appropriate for a number of the key business leaders within the Company  to be members of the Board and collectively responsible for the long-term success of the Company.  

Mike Chilton has over 25 years of financial services experience and joined the Company in April 2011 from NS&I (National Savings and Investments) where he was Finance and Risk Director. Prior to this, Mike worked for 10 years at Standard Chartered PLC in a variety of senior finance and risk roles, including Group Head of Operational Risk and Chief Financial Officer for their Africa Region. After qualifying as a chartered accountant with PWC, Mike spent several years with them as a management consultant in their financial services practice. Mike will undertake the role of Finance Director.

Paul Hodges has over 30 years experience in the UK securities industry having first joined Laurie Milbank as an insurance analyst in 1981.  He subsequently worked for a number of financial institutions including Kitcat & Aitken, James Capel, Schroders and Collins Stewart. He was a top ranked composite insurance analyst in the City for several years, specialising in the assessment of insurers' exposure to long-tail liability claims relating to tobacco and lead.  Paul was one of the founder shareholders of the Company in 2005 and he is currently the Head of the IPO Team.

Joe Nally has over 35 years experience in the UK securities industry having first joined Williams de Broe in 1976 as an investment analyst. He went on to become a stockbroker covering a wide range of institutions in the UK and Europe. In 1992 he was a founder of the institutional corporate finance department at Williams de Broe where he gained extensive experience across a broad range of sectors in IPO's, secondary fund raising and takeovers and mergers, particularly in natural resources.  Joe was one of the founder shareholders of the Company in 2005 and has significant expertise in the mining and oil and gas sectors.  He is currently the Head of the Natural Resources Team.

Jeremy Warner Allen has over 30 years experience in small and mid-cap institutional broking.  He was a founding member of Beeson Gregory Limited in 1989 becoming head of the UK sales desk.  Upon the merger with Evolution Group plc in 2002 he was appointed Head of Sales for Evolution Securities.  He joined the Company in 2006 prior to the Company's IPO and he is currently the Head of the Growth Companies Team.

Gerry Aherne, Chairman said

"I am delighted to welcome Mike, Paul, Joe and Jeremy to the Board as Executive Directors. They each bring a wealth of experience, depth of knowledge and commitment to our stockbroking business.  Paul, Joe and Jeremy have already been significant contributors to the growth of Cenkos and I expect all of them to demonstrate their leadership as Board Directors in the future development of Cenkos.  I am sure that the Board will benefit from their substantial experience and expertise within the challenging climate of our industry." 

Disclosures under Schedule 2(g) of the AIM Rules for Companies

Michael Barry Chilton, (known as Mike Chilton) aged 47, is a Trustee and the Honorary Treasurer of Sightsavers (the Royal Commonwealth Society for the Blind).

Paul Joseph Hodges, (known as Paul Hodges) aged 52, holds 5,841,750 ordinary shares of 1p each in the Company representing 8.02% of the issued share capital of the Company.

John Joseph Nally, (known as Joe Nally) aged 60, holds 1,250,000 ordinary shares of 1p each in the Company representing 1.72% of the issued share capital of the Company.  He also holds 1,000,000 options awards under the Company's Long Term Incentive Plan.  These options awards were granted on 2 April 2012 at an exercise price of 100.0p.

Jeremy Carlisle Warner Allen, (known as Jeremy Warner Allen) aged 57, holds 935,343 ordinary shares of 1p each in the Company and 634,357 B shares of 1p each representing 2.15% of the issued share capital of the Company.  (The ordinary shares of 1p each are admitted to trading on AIM while the B shares of 1p each are not admitted to trading on AIM. All shares have equal voting and dividend rights).  He also holds 178,710 option awards under the 2009 Compensatory Award Plan. These option awards were granted on 1 October 2009 at an exercise price of 169.0p.

Other than detailed above there is no further information that is required to be disclosed with regards to the appointment of Mike Chilton, Paul Hodges, Joe Nally and Jeremy Warner Allen pursuant to  Schedule 2 paragraph (g) of the AIM Rules for Companies.

Enquiries:

Jim Durkin                                                        020 7397 8900

Chief Executive Officer

Cenkos Securities plc

David Rydell/Duncan Mayall                    020 7861 3232

Pelham Bell Pottinger                                                     

Nick Donald                                                     020 7991 1504

HSBC (Nomad)                                                                 

 

END

 

 

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