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Swallowfield PLC (BAR)

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Thursday 01 March, 2012

Swallowfield PLC

Directorate Change

RNS Number : 4159Y
Swallowfield PLC
01 March 2012

Swallowfield plc

("Swallowfield" or the "Company")


Board changes


Swallowfield plc, the full service provider to global brands and leading retailers in the cosmetics, toiletries and household goods sector announces the appointment of Roger McDowell as Non Executive Director to the Company with immediate effect.


Stephen Boyd, Chairman, commented:


"As you will have read in our half year report, we are making progress in our performance in difficult trading conditions.  Following our board changes, including my appointment as chairman, a major review of our business strategy is underway.  Alongside this, there has been considerable discussion with major shareholders about our board structure.  Whilst applauding our wish to reduce costs, including those of the board, major shareholders feel all boardroom skills should be retained at the present time.  They have expressed their wish that we reappoint Roger McDowell, which we have agreed to do. 


We will naturally be keeping our board structure under review and revise accordingly as our strategy progresses."


The following information is disclosed in relation to Schedule Two paragraph (g) of the AIM Rules:


Roger McDowell (aged 56) has been a director of the following companies during the five years preceding the date of this announcement:


Current directorships

Previous directorships

Augean plc

Idmos plc

Avingtrans plc

Intec Telecom Systems plc

Corsair Techinvest Limited

Onward Digital Limited

Disperse Limited

Redhall Group plc

Dovehoco 201 Limited

Swallowfield plc

Fineguard Limited

I S Solutions plc

One Advice Group Limited

Ultimate Finance Group plc



Mr McDowell was a director of the following companies at the time (or within the preceding 12 months) of their being placed into administration or creditors voluntary liquidation:


·      Town Index Limited was placed into creditors voluntary liquidation on 23 January 2001 with an estimated deficiency as  regards creditors of £2.0 million

·      Wax Digital Limited was placed into creditors voluntary liquidation on 14 June 2001 with an estimated deficiency as regards creditors of £1.4 million

·      Advanced Fluid Connections plc was placed into administrative receivership on 24 March 2006 with an estimated deficiency as regards creditors of £17.8 million

·      Idmos plc was placed into administration on 16 April 2008. The estimated deficiency as regards creditors was £0.4 million


Mr McDowell has a beneficial interest in 41,000 ordinary shares representing 0.4% of the Company's issued share capital


No further information is required to be disclosed pursuant to Schedule Two paragraph (g).




Swallowfield plc

01823 662241

Ian Mackinnon - Chief Executive Officer

Mark Warren - Group Finance Director

Singer Capital Markets Limited

0203 205 7500

Shaun Dobson/Jenny Wyllie


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

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