Completion of the Disposal of WCAM

RNS Number : 2614B

Walker Crips Group plc

13 April 2012

 



13 April 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, TO US PERSONS, OR INTO THE UNITED STATES, OR INTO OR FROM CANADA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL

WALKER CRIPS GROUP PLC

("Walker Crips" or the "Company")

Completion of the Disposal of WCAM
and
Directorate Changes

Further to the announcement made on 5 April 2012, Walker Crips Group plc, the financial services group, is pleased to confirm that approval from the FSA has been received in respect of a change in controller of WCAM to Liontrust and that all remaining conditions to the SPA have now been satisfied.  Accordingly, Completion has taken place.

As previously announced, Stephen Bailey has resigned from his position as a director of the Company effective immediately.

The Company is also pleased to announce the appointment of its Chief Investment Officer, Mark Justin Wells Rushton, to the Company's Board.  Mr. Rushton, 49, will take up his additional executive responsibilities to the Board effective immediately. 

In the last five years, Mr. Rushton has held the following directorships:

Current directorships	Previous directorships
None	Endeavour Trading Ltd

There is no further information relating to Mr Rushton's appointment requiring disclosure under 9.6.13R of the Listing Rules.

The Company was notified on 10 April 2012 that Mark purchased 25,000 Ordinary Shares in the capital of the Company on 10 April 2012 at a price of 45p per Ordinary Share.  Accordingly, as at the date of this announcement, Mark Rushton is interested in a total of 25,000 Ordinary Shares in the capital of the Company, representing an interest of 0.07 per cent. of the total voting rights of the Company.

For further information please contact:

Rodney FitzGerald, CEO	Walker Crips Group plc www.wcgplc.co.uk	[phone]
Gordon Neilly Rishi Zaveri	Canaccord Genuity Limited www.canaccordgenuity.com	[phone] [phone]

Media enquiries:

Geri Jacks

Walker Crips Group plc www.wcgplc.co.uk

[phone]

Notes:

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings ascribed to them in the Company's circular to Shareholders dated 13 March 2012.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as sponsor and financial adviser exclusively for the Company in connection with the Disposal.  Canaccord Genuity Limited is not acting for any other person and will not be responsible to any other person for providing the protections afforded to clients of Canaccord Genuity Limited or for advising any other person in connection with the Disposal.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

 

END

 

 

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