Board Appointment

RNS Number : 2471X

LMS Capital PLC

10 February 2012

 



 10 February 2012

Board appointment  

LMS Capital plc ("LMS" or "the Company") announces that Nick Friedlos has been appointed to the Board of LMS with immediate effect. He is appointed as Executive Director with responsibility for overseeing the orderly realisation of the assets of the Company.

Over the last thirteen years Nick has held financial and operational leadership positions in financial services businesses holding real estate and other assets in both the public markets and in private equity. He was Chief Financial Officer of London Merchant Securities, the real estate and investment business out of which LMS Capital was created. Nick has managed significant change in the businesses he has been involved with including mergers, reconstructions and portfolio disposals. Most recently he was CEO of Mapeley and was previously a partner at PWC.

Richard Christou, Chairman of LMS Capital, commented:

"I welcome Nick to the Board and I am certain that he will be a strong addition thanks to his experience in previous financial and operational leadership positions."

Nick Friedlos holds 11,702 shares in LMS. There is no other information required to be disclosed under 9.6.13R of the Listing Rules.

ENDS

For further information please contact:

LMS Capital plc                                                                                 020 7935 3555

Richard Christou, Chairman

Nick Friedlos, Director

Tony Sweet, Chief Financial Officer

Brunswick Group LLP                                                                     020 7404 5959

Simon Sporborg

Fiona Micallef-Eynaud

About LMS Capital

LMS Capital is an investment company focused on small to medium sized companies in our preferred sectors of consumer, energy and business services.  Following a General Meeting on 30 November 2011, the Company is undertaking a realisation strategy which aims to achieve a balance between an efficient return of cash to Shareholders and optimising the value of the Company's investments.

 

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