Directorate Change

RNS Number : 6420K

Focus Solutions Group PLC

23 December 2008

 



Press Release

23 December 2008

Focus Solutions Group plc

("Focus" or the "Company")

Directorate Changes

Focus Solutions Group plc, a leading provider of proven enterprise solutions to the financial services market, announces the appointment of Mr. Nicholas John Habgood as a non-executive Director, effective from 1st January 2009, and that Piers Brooke, non-executive Director, has notified the Company of his intention to retire from the Board and accordingly will resign on 31st December 2008. 

Nick Habgood is one of the founders and Managing Partner of Azini Capital Partners LLP, the FSA authorized, independent investment management firm specialising in secondary transactions. Prior to this Nick was the Investment Director at LMS Capital, the investment arm of London and Merchant Securities plc. 

Azini 1, a fund managed by Azini Capital Partners LLP, owns 8,095,686 ordinary shares in Focus Solutions Group plc, representing 27.48% of the total issued share capital.

Alastair Taylor, Chairman, Focus Solutions Group plc, commented:  

"I am delighted to welcome Nick Habgood to the Board of Focus. Nick's significant expertise in investment management and providing capital for growing companies will be of great value. Nick will be complementing the strong skill sets that already exist on our Board.

"I would also like to express my gratitude and appreciation to Piers for his contribution to Focus over the past eight and a half years. His guidance and support have been invaluable."

- Ends -

For further information:

Focus Solutions Group plc
Richard Stevenson, Chief Executive	Tel: [phone]
Martin Clements, Finance Director	www.focus-solutions.co.uk

Daniel Stewart & Company plc
Graham Webster	Tel: [phone]
Simon Starr	www.danielstewart.co.uk

Media enquiries:

Abchurch
Heather Salmond / Joanne Shears / Mark Dixon	Tel: [phone]
[e-mail]	www.abchurch-group.com

Appendix One:

In accordance with Schedule 2(g) and rule 17 of the AIM Rules for Companies, the following information in relation to the appointment of Mr Nicholas John Habgood is disclosed below: 

Mr Nick Habgood, aged 43, holds and has held within the five preceding years the following directorships and partnerships:

Current Directorships	Directorships held in the past five years
Lynx Capital Ventures GP Limited Azini Capital Partners LLP Azini Nominees Limited Azini 1 (GP) Limited Azini 1 (FP) LP Keronite Plc	Wesupply Limited Assethouse Technology Limited Coppereye Limited Citizen Limited VIO Worldwide Limited Crown Sports Limited Wesupply Employee Trust Company Limited Elateral Holdings Limited Web Enterprise Technology Limited*

*Web Enterprise Technology Limited was dissolved on 14 November 2006

Notes to editors:

About Focus Solutions Group plc

Focus Solutions is an established and proven supplier of enterprise solutions to the financial services industry in the UK, Ireland and more recently across Europe.  

Focus has delivered over 100 complex front office projects with multiple integration points and partners to a blue chip client base including 8 out of the top 10 UK Life & Pension providers, a number of leading bancassurers including the likes of HSBC, Irish Life and Barclays, significant wealth management players such as St James's Place and a number of mortgage. The technology truly enables straight through processing whilst providing an engaging client and adviser experience to submit and service business electronically.  

focus:360° is at the core of all client implementations providing a single, agile, multi-channel technology platform. Focus has brought together three key areas of expertise: software, consultancy and service delivery. This totally integrated approach means clients can distribute any product across any channel. At the same time they can maintain an enterprise-wide view of the customer value and risk. 

For further information on Focus, please visit www.focus-solutions.co.uk

 

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