RNSM Ransom(William)

 

TIDMRNSM 
 
RNS Number : 5114N 
Ransom(William) & Son PLC 
14 June 2010 
 

+-------------------+------------------------------------------------+ 
| For Immediate     |                                   14 June 2010 | 
| Release           |                                                | 
+-------------------+------------------------------------------------+ 
 
                            William Ransom & Son plc 
                          ("Ransom" or the "Company") 
                    Appointment of a Non-Executive Director 
 
 
The Board of Ransom announces the appointment of Fred Whitcomb to the Board of 
Directors with immediate effect. Fred was an executive director of the Company 
between June 2005 and December 2007. 
 
Fred, who is interested in 11,806,929 ordinary shares of the Company 
(representing 13.98 percent of the issued share capital) will join the Board as 
a non-executive Director. 
 
David Suddens, Chairman of William Ransom said: 
 
"Shareholders may recall that the Board successfully resisted an attempt by Fred 
Whitcomb and Steve Quinn to replace the Board at a General Meeting of 
shareholders in January 2009. The Board wished at that time to give the new CEO 
the appropriate time and support to stabilise the Company, turn around its 
finances and implement a new strategy. Since then the Company has been executing 
the turn around plan which has led to a substantial reduction in its bank debt. 
The Board was recently approached by Fred to request Board representation again. 
It was emphasised that he wished to work with the existing Board and management 
to drive shareholder value. The Board, having considered this request carefully, 
feel that given Fred's sizeable stake in the Company and his knowledge of 
natural consumer healthcare, that it is now appropriate to accede to this 
request and accordingly the Board welcomes Fred back in his new, non-executive 
capacity." 
 
Disclosures under AIM regulations: 
 
Current directorships: 
Director: Dr Organic Ltd since June 2008 
Director: Pines Country Club Limited since February 2007 
Director: Pittsburg Holdings Ltd since January 2005 
Partner: RBL Partnership since January 2007 
Partner: Whitcomb Property Partnership since January 1985 
 
Previous Directorships in last 5 years: 
Director: William Ransom & Son Plc. June 2005 to December 2007 
Director: Amerigo Ltd Ended December 2007 
Director: Optima Healthcare Ltd Ended December 2007 
Director: Optima Health Ltd Ended December 2007 
Director: Optima Italia srl Ended December 2007 
Director: ESI Distribution UK Ltd Ended December 2007 
Director: ESI Echinaid Ltd Ended December 2007 
Director of Kordel Limited Ended December 2007 
Director: Cardiff Jean & Shoe Company Ltd Dissolved March 2008 
Partnership: JFS Developments Dissolved March 2006 
 
There is no other information that needs to be disclosed under pursuant to 
Schedule Two paragraph (g) of the AIM rules for companies. 
 
William Ransom & Son plc: 
     01462 443527 
Ivor Harrison, Chief Executive 
 
Numis Securities Limited: 
          020 7260 1000 
Nominated Adviser: Michael Meade 
Corporate Broker: James Black 
 
Buchanan Communications: 
     020 7466 5000 
Charles Ryland /James Strong 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAEFLFFBQFZBBK 
 

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