TIDMQYM
RNS Number : 1126R
Quayle Munro Holdings PLC
14 November 2012
14 November 2012
Quayle Munro Holdings PLC ("Quayle Munro" or "the Company")
Board Changes
As previously announced, Quayle Munro confirms that Andrew
Tuckey will step down from his position as Executive Chairman and
as a Director of the Company immediately following today's Annual
General Meeting. He will continue as a Senior Adviser to the
Company. The Company is pleased to announce the appointment today
of Christopher Kemball (aged 65) as a Director and as Non Executive
Chairman to replace him. In addition the Company is pleased to
announce the appointments today of Simon Woolton (aged 54) as an
Executive Director and Peter Norris (aged 57) and David Fitzsimons
(aged 58) as Non-Executive Directors.
Following implementing these changes, Nick Lyons, Tim Guinness
and Brian Finlayson are resigning as Directors of the Company with
effect from today. The Company would like to record its gratitude
to all the departing Directors for their hard work and efforts over
many years.
Following these changes and should Ian McLean be re-elected as a
Director at today's Annual General Meeting, the Board will consist
of six members : Christopher Kemball (Chairman), Andrew Adams
(Chief Executive), Simon Woolton (Chief Financial Officer), Ian
McLean, Peter Norris and David Fitzsimons. Ian McLean will remain
as Senior Independent Director, Peter Norris will chair the Audit
Committee, David Fitzsimons will chair the Remuneration Committee
and Christopher Kemball will chair the Nominations Committee.
Quayle Munro's strategy will continue to be to develop its
position as a leading independent corporate finance adviser,
servicing private and public companies, entrepreneurs and private
equity investors.
Christopher Kemball - Non Executive Chairman
Christopher Kemball has over 35 years of investment banking
experience specialising in mergers and acquisitions, capital
raisings and privatisations in Europe, the US and emerging markets.
He has served as a Director of Kleinwort Benson, Dillon Read,
Barings, and most recently was a founder Partner and Vice-Chairman
of Hawkpoint Partners until October 2012.
He was Chairman of Berendsen plc (a FTSE 250 company) from 2005
until April 2012. He has also been a Non-Executive Director and
Chairman of several other publicly listed and private equity backed
companies.
Simon Woolton - Chief Financial Officer
Simon Woolton has over 20 years of corporate finance experience.
He has been employed by Quayle Munro since 2007 and was appointed
Chief Operating Officer of the Company in 2010. Previously at S.G.
Warburg & Co. Ltd for 7 years, he was a founder shareholder and
Director at New Boathouse Capital Limited, acquired by Quayle Munro
in 2007.
Peter Norris - Non Executive Director
Peter Norris served as Chief Executive of the Company from 2007
until 2009, when he left the Company to become Chairman of Virgin
Group Holdings, a position he still holds. Peter has continued his
involvement with Quayle Munro as a Senior Adviser to the corporate
finance business and has assisted in maintaining key client
relationships. He has over 30 years of corporate finance and
international capital markets experience, having worked at Goldman
Sachs and Barings. In 1996 he started a corporate finance
consultancy practice culminating in the formation of New Boathouse
Capital Limited in 2000.
David Fitzsimons - Non Executive Director
David Fitzsimons has over 30 years of investment and finance
experience. From New Zealand, he joined the corporate finance
division of Hill Samuel Australia in 1981. He became an Executive
Director of the listed investment company AFP Investment
Corporation ("AFP") in 1986 and in 1988 moved to the UK to manage
AFP's investment in Gestetner plc. He was an Executive Director of
Gestetner plc until it was sold to Ricoh in 1993. Since that time
he has been a Director of a number of companies in the UK and
Australia in the media, publishing and retail sectors.
Ends
Commenting on the Board changes:
Andrew Tuckey said:
"I am delighted with the appointment of Christopher Kemball as
my successor as Chairman of Quayle Munro: he brings years of
relevant experience and leadership to the Board. Also to be
welcomed are the appointments of Peter Norris and David Fitzsimons
as Non Executive directors both of whom know the business well and
will provide much valued support."
Christopher Kemball said:
"Quayle Munro has established itself as a leading boutique
financial advisory firm especially in the media and technology
sectors. In the current environment, I believe there is an
excellent opportunity with our experienced Board to broaden out and
grow the business in the next few years for the benefit of both
shareholders and staff. I am looking forward enormously to working
with Andrew Adams and his talented team."
Enquiries:
Quayle Munro Holdings
PLC
Andrew Adams, Chief Executive +44 (0)20 7907 4200
N+1 Singer (Nominated
Advisor)
Sandy Fraser +44 (0)131 529 0272
Jonny Franklin-Adams +44 (0) 20 7496 3000
Appendix - Information required under AIM rules
Save as disclosed below, there are no further disclosures to be
made under Schedule Two, paragraph (g) of the AIM Rules.
Christopher Ross Maguire Kemball
Directorships and partnerships are as follows:
Current:
MTIG Limited
The PSP Association
Cor Christi Limited
Westminster Roman Catholic Diocese Trustee
Previous:
Berendsen plc
URS Corporation Group Limited (previously Scott Wilson Group
plc)
W.S.Atkins plc
BPT Limited (previously Bradford Property Trust PLC)
Canaccord Genuity Hawkpoint Limited
Frontier Medex Group Limited
Control Risks Group Limited
Emmaus South Lambeth Community
Malachite Advisors Limited
Christopher Kemball was appointed as a Director of Baring
Brothers & Co. Limited in March 1992. The company was put into
administration in March 1995 and Christopher Kemball resigned in
August 1995.
Christopher Kemball was also appointed as a Director of Dillon
Read Industrial Development Capital Fund Manager Limited in
November 1992. The company was dissolved in March 2003, following a
creditors voluntary liquidation.
Simon Frederick Marquis, The Earl of Woolton (Simon Woolton)
Directorships and partnerships held over the five years
preceding the date of appointment are as follows:
Current:
Quayle Munro Limited
AMG Systems Limited
East of Scotland Investments Limited
New Boathouse Capital Limited
Tonbridge School Limited
Balcarres Heritage Trust Limited
Blue Sky Development & Regeneration Limited
Previous:
Quayle Munro Fund Managers Limited
Peter Michael Russell Norris
Directorships and partnerships held over the five years
preceding the date of appointment are as follows:
Current:
Petalcrown Limited
Virgin Atlantic Limited
Ashcombe Advisers LLP (LLP Member)
Virgin Travel Group
The Food Doctor Limited
Portfolio Films LLP (LLP Designated Member)
The Peoples Lottery Limited
Virgin Holidays Limited
Lulu Guinness Limited
Sundog Pictures Limited
Lulu Guinness Holdings Limited
Bob Books Limited
Virgin Atlantic Airways Limited
John Brown Enterprises Limited
P&T Norris LLP (LLP Designated Member)
Virgin Enterprises Limited
The Lottery Foundation
Camara Learning Limited
Previous:
Virgin Active Holdings Limited
Quayle Munro Holdings PLC
Quayle Munro Limited
New Boathouse Capital Limited
Virgin Active Group Limited
Reid Wines (1992) Limited
Cath Kidston Limited
Virgin Life Care Investments Limited
Virgin Gyms Limited
ING UK Securities Client Services Limited
Virgin Active Group Investments Limited
The Van Tulleken Company Limited
Lowndes Street Partners Limited
In February 1995, Peter Norris was Chief Executive Officer of
the Investment Banking Group of Barings Plc, which was destroyed by
the Leeson fraud in Singapore. Mr Norris resigned all functions
forthwith and left the employment of Barings three months later,
after assisting in an insolvency process and transfer of the
business to ING.
Subsequently, Mr Norris was criticised by an inquiry by the
Board of Banking Supervision and by a
report by Inspectors appointed by the Singaporean Minister of
Finance.
In 1996, Mr Norris, who had been senior Executive Officer of
Baring Securities, agreed to a three year exclusion from the SFA's
Register of Directors. There was no finding of impropriety.
In 1998, Mr Norris accepted a four year disqualification as a
director of UK companies to settle
proceedings brought by the Department of Trade and Industry
under the Company Directors' Disqualification Act, 1996. There was
no finding of impropriety.
In 1996, an action was brought by the auditors of the Barings
group against various directors and officers of the group,
including Mr Norris. This action was dropped by the auditors in
1998.
In 1996, an action was brought by the Perpetual Noteholders of
Barings Plc against former directors of Barings Plc, including Mr
Norris. This action was struck off.
Peter Norris was appointed as a Director of Baring Brothers
& Co. Limited in April 1988. The company was put into
administration in March 1995 and Peter Norris resigned in May
1995.
David Fitzsimons
Directorships and partnerships held over the five years
preceding the date of appointment are as follows:
Current
Hardie Grant London Limited
Associated Media Investments Pty Limited
Hardie Grant Publishing Pty Limited
Go Transit Media Group Pty Limited
Previous
Lulu Guinness Limited
Lulu Guinness Holdings Limited
Delbycrest Limited
Staxs Productions Limited
Queensland Media Investments Pty Limited
Verolot Pty Limited
7C Limited
7C (Holdings) Limited
David Fitzsimons was appointed a Director of 7C Limited and 7C
(Holdings) Limited in June 2009. These companies were both put into
administration in November 2002 and were dissolved in March 2012
and January 2011, respectively.
Notes to Editors:
Quayle Munro (www.quaylemunro.com) is an AIM quoted independent
merchant bank, active in corporate finance and investment on its
own account. The Group was founded in 1983 and listed on the London
Stock Exchange via an Introduction in 1993, transferring to AIM in
2003.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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