Information  X 
Enter a valid email address

SBS Group (SBG)

  Print      Mail a friend

Tuesday 07 May, 2002

SBS Group

Directorate Change

7 May 2002

                             SBS Group plc ('SBS')

                                 Re Directorate

The board of SBS today announces the appointment of Alan Waksman to the board as
a non-executive director of SBS, with immediate effect.

Alan Stephan Waksman 61 was the executive president and sole owner of Applied
Concepts Inc ('ACI') which SBS acquired in 1999. After the acquisition, he
served as a non-executive director of ACI until October 2000. He is currently
the President and Chief Operating Officer of Informeta LLC, a software
development company based in the USA. He is also a director of Waksman Family
Trust L.L.C. and ASW Associates L.L.C.

Phil Holt, Chief Executive of SBS, commented: 'We are pleased to welcome Alan
Waksman to the board. His knowledge and experience of the recruitment industry
in the USA will be extremely valuable to SBS.'

Following the settlement agreement dated 28 February 2002 between SBS and Alan
Waksman, described in the circular to shareholders dated 1 March 2002, Alan
Waksman owns 3,558,629 ordinary shares in SBS, representing 28.2% of the issued
share capital of SBS.

Save as set out above, there are no other disclosures required to be made under
the AIM Rules.

Date: 7 May 2002

For further information please contact:

SBS Group plc     020 7420 6700

Philip Holt, Chief Executive

Bridgewell Corporate Finance     020 7626 3322

Greg Aldridge/Martin Gibbs

Weber Shandwick Square Mile      020 7950 2869

Richard Hews/Trish Featherstone


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

a d v e r t i s e m e n t