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Equable Properties (EQU)

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Monday 20 October, 2008

Equable Properties

Statement re resignation of d

RNS Number : 1499G
Equable Properties PLC
20 October 2008

Equable Properties plc ('Equable' or the 'Company')

Resignation of Director

The Board of Equable announces the resignation of Peter McCann as aexecutive Director of the Company, to take effect immediately.

Peter joined the board on 29 August 2008, in advance of the proposed and previously announced acquisition by Equable of a business owned by Peter, which would result in him owning some 77 per cent of the enlarged share capital of Equable.

As work on the proposed acquisition has progressed it has become clear that Peter has a material conflict of interest as a director of both companies and as a result has not been able to participate fully in the company's affairs. It has therefore been agreed that Peter will leave the Equable board until such time as the proposed acquisition has completed.

For further information:

Desmond Bloom, Chief Executive Officer
Equable Properties plc
07793 125 625
Clive Carver
020 7600 1658

This information is provided by RNS
The company news service from the London Stock Exchange

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