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Parity Group plc ('Parity' or the 'Company'), the IT services Group, announces the appointment of Alwyn Welch as Chief Executive with effect from 13 February 2006. Alwyn Welch, 48, has over 25 years experience in the technology sector in the UK and internationally. He joins Parity from Unisys where he has worked since November 2004 as Vice President and General Manager in the United Kingdom, Middle East and Africa, as well as Managing Director of Unisys Limited. Prior to joining Unisys, Alwyn was Chief Executive of Cap Gemini's Nordic Region from December 2002 to November 2004 where he led a turnaround of the business in four countries. He was also Head of Business Development for Northern Europe and Asia Pacific from January 2004. From December 1998 until February 2001 he was CEO of Cap Gemini's UK and Asia Pacific Region having joined Hoskyns plc in 1988. Amongst other senior roles in the sector, he was previously a member of the Executive Board of Logica plc responsible for North and South America, Management Consulting and Financial Products and was Chairman of the IT National Training Organisation in the UK in 1999 and 2000. He was also a director of Brainspark plc. At Parity, Alwyn will be responsible for the day to day running of the business, working alongside Executive Chairman, John Hughes, who will continue to focus on the implementation of the Company's rebuilding programme. Commenting on his appointment, John Hughes
http://www.companyannouncements.net/cgi-bin/articles/200602080701010844Y.html
Parity announces that on 7 February 2006 it received notification that Dominick Company AG ('Dominick Company'), a Swiss based private bank which provides a range of private and investment banking services, and Dominion Holdings Limited ('Dominion'), a Swiss based investment company, are now the beneficial owners of, respectively, 12,738,936 and 55,000,000 Parity shares representing 4.4% and 19.1% of Parity's issued share capital. These interests have arisen as a result of the non repayment of financial facilities made available by Dominick Company to one of its customers to acquire these shares and Dominick Company exercising its right to take ownership of the shares itself. Dominion subsequently acquired 55,000,000 Parity shares from Dominick Company at a price of 6.75 pence per Parity share and is also interested in the 12,738,936 Parity shares beneficially owned by Dominick Company by virtue of put and call options
Cardinal Resources plc 02 February 2006 HOLDINGS IN COMPANY LONDON - Thursday, 2nd February 2006 Cardinal Resources plc (AIM:CDL) ('Cardinal' or 'The Company'), an independent oil and gas production and exploration company operating in Ukraine, was today notified that, following a purchase of 7,170,000 shares between 25th and 26th January 2006, Deutsche Bank AG London now has an interest in 16,390,000 Cardinal Ordinary Shares, representing 14.31% of the issued Ordinary Share capital of the Company.