AMBR.L Regulatory News (AMBR)

7 Jan 2008 07:00

Ambrian Capital PLC07 January 2008 7th January 2008 AIM: AMBR Ambrian Capital plc John Coles appointed Finance Director of Ambrian Capital plc Ambrian Capital plc ("Ambrian Capital" or "the Company") announces that witheffect from 7th January 2008 John Coles is appointed to the role of FinanceDirector. Nathan Steinberg, the previous Finance Director, will remain as a non-executivedirector of Ambrian Capital and will continue to assist the Company in itsdevelopment. Since January 2005, John has held the role of Finance Director of AmbrianPartners Limited the wholly-owned corporate finance and stockbroking subsidiaryof Ambrian Capital, where he has been responsible for finance, compliance andadministration. John has also been instrumental in establishing AmbrianCommodities Limited, the FSA regulated broker-dealer of LME futures and options,and Ambrian Asset Management Limited and is Finance Director of bothsubsidiaries. John, aged 46, has over 20 year's experience in investment banking and assetmanagement. After qualifying as a chartered accountant, he worked with RobertFleming in private equity, investment banking and stockbroking. Prior to joiningAmbrian, John was Deputy Managing Director of JP Morgan Fleming Asset Managementin France. John holds an Honours degree in business and economics from Trinity College,Dublin and is a member of the Institute of Chartered Accountants in England andWales. Tom Gaffney, Chief Executive Officer of Ambrian Capital, commenting on theappointment, said "I am delighted to welcome John to the Board of Directors ofAmbrian Capital. John not only brings a wealth of experience in key areas inwhich Ambrian is strong and growing including investment banking andstockbroking activities, but also comes to the role already with an in-depthknowledge of the Ambrian Capital business having been instrumental in setting upnumerous key functions within the Group including the market making activitiesof Ambrian Partners Limited, and Ambrian Asset Management. For these reasons andmore, I am confident that John is excellently placed to take on the role ofFinance Director of Ambrian Capital and help to continue the strong growth anddevelopment of the business that we have achieved to date. I would also like tothank Nathan Steinberg for his work and valuable contribution in the role ofFinance Director." John Coles holds 264,444 options to purchase Ambrian Capital shares exercisablebetween June 2008 and June 2010 at an exercise price of 10p per share. Current directorships Ambrian Partners Limited Ambrian Commodities Limited Ambrian Asset Management Limited Ambrian Nominees Limited There is nothing further to disclose in relation to the appointment of JohnColes under paragraph (g) of Schedule 2 of the AIM Rules for Companies. About Ambrian Capital plc Ambrian Capital is an AIM-quoted independent investment bank involved in themining, oil and gas, alternative energy, bio-energy, soft commodities andtechnology sectors. Ambrian Capital has three wholly-owned subsidiaries:Ambrian Partners Limited, a corporate finance advisor and stockbroker; AmbrianCommodities Limited, an Associate Member of The London Metal Exchange and abroker-dealer of LME traded metals, precious metals, carbon credits and softcommodities; and Ambrian Asset Management Limited, a specialist investmentmanagement business. Further information about the Group is available on Ambrian Capital's website:www.ambrian.com. Enquiries: Tom Gaffney Tel: +44 (0) 20 7776 6411Chief Executive, Ambrian Capital plc Chris Howard Tel: +44 (0) 20 7523 8314Collins Stewart Justine Howarth/Louise Goodeve Tel: +44 (0) 20 7851 7480Parkgreen Communications This information is provided by RNS The company news service from the London Stock Exchange