Directorate Change

RNS Number : 5798G

Evolution Group PLC

03 February 2010

 



3 February 2010

The Evolution Group PLC

("Evolution" or "the Group")

Directorate Change

Evolution Group Plc (LON: EVG) announces that Andrew Umbers has today stepped down as Chief Executive Officer of Evolution Securities Ltd, the Group's investment banking division, and as a Director of the Group.  Alex Snow, Group Chief Executive, will take over the role of Chief Executive of Evolution Securities Limited.

Martin Gray, Chairman of Evolution, said:

"Andrew has developed the equities and fixed income businesses within Evolution Securities Ltd significantly during the last three years and we wish him well for the future".

Andrew Umbers added:

"I am very proud of the growth we have achieved at Evolution Securities in the last three years and the value this has created for shareholders.  I now feel the time is right for me to pursue opportunities elsewhere."

Ends

For further information, please contact:

The Evolution Group PLC Alex Snow, Chief Executive Officer Andrew Westenberger, Finance Director	020 7071 4300
Pelham Bell Pottinger Charles Cook Emma Kent Victoria Geoghegan	020 7337 1546

Notes to Editors:

 

The Evolution Group PLC

The Evolution Group is the holding company of Evolution Securities Limited, Williams de Broë Limited and Evolution Securities China Limited. Founded in April 2001 and originally listed on AIM, the Evolution Group joined the LSE Official List in 2003 and re-entered the FTSE 250 in 2009, the Group now has a market capitalisation of approximately £300 million.

In the Group's pre-close trading update, issued on February 1 2010, the Group stated that its strong performance has continued into the final quarter with full year revenues more than double the previous year. Full year earnings are expected to be in line with market expectations. This strong performance reflects significant revenue momentum in the Group's businesses in the second half.

 

END

 

 

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