ABM.L Regulatory News (ABM)

28 Sep 2009 07:30



28 September 2009

Albemarle & Bond Holdings plc

("Albemarle & Bond" or "the Company")

Directorate Changes

Albemarle & Bond, a leading pawnbroking business, announces the following changes to its board of directors.

Philip Murphy, the founder and a non-executive Director of Albemarle & Bond will retire at the forthcoming AGM. Today John Allkins joins the Board as a non-executive Director and head of the Audit Committee.

Philip Murphy founded Albemarle & Bond in 1983 and throughout the last 18 years, he has led the transformation of Albemarle & Bond from a small private company to becoming the leading pawnbroking business it is today. 

John Allkins was Group Finance Director of MyTravel plc from 2003 to 2007 and Chief Financial Officer of Equant NV from 1995 to 2003. He is an experienced non-executive Director and is currently on the board of a number of companies including Renold plc and Molins plc.

Greville Nicholls, Chairman of Albemarle & Bond, commented: "The Board would like to express their deep gratitude to Philip for his substantial contribution to Albemarle & Bond's success. His unwavering dedication and vision was inspiring to all and we wish him the very best in his well deserved retirement.

We are also pleased to welcome John Allkins to the Board. He is highly experienced and it reflects well on the company that he has agreed to join us. We look forward to working closely with him and benefiting from his extensive Board room and business experience."

Ends

The following information is disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules:

John Stephen Allkins (aged 60) holds or has held in the last 5 years, the following directorships:

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