29 May 2008 07:00
29 May 2008
SMC Group Plc ("SMC", the "Company" or the "Group")
Non-Executive Directorate Appointment
SMC Group Plc, the architects and design business, is pleased to announce that following the invitation extended by the Board of SMC at the completion of the Open Offer in January 2008, David Nazar has been appointed to the Board of SMC as a Non-Executive Director with immediate effect.
David is the Managing Partner of Ironshield Capital Management LLP ("Ironshield"), the investment manager to the Ironshield Special Situations Master Fund LP, which in December 2007 underwrote the £15.1 million Open Offer of the Company. Prior to his position at Ironshield, David was a principal at Bank of America in London. David has 11 years' experience in special situations investing and investment banking, having previously worked for Deutsche Bank, Goldman Sachs and Salomon Brothers. David has a BA degree in Natural Sciences from Cambridge University.
Sir Rodney Walker, Executive Chairman, said: "I am extremely pleased that David has been able to join the Board and I look forward to working with him to continue the improvements in the business that have taken place in recent times."
The Company is required to disclose under the AIM Rules for Companies the following information in relation to the appointment of David Anthony Nazar (age 36) as a Director of the Company.
| Current directorships and partnerships held | Directorships and partnerships held in the last five years |
| Ironshield Capital Management Limited Ironshield Capital Management LLP | None |
David Nazar does not own any ordinary shares in SMC. Ironshield acts as investment manager to funds which own 173,876,107 ordinary shares of one half pence each in the capital of the Company, being approximately 73.07 per cent. of the ordinary shares of the Company in issue.
There is no further information, in connection with the appointment of David Nazar to the Board of SMC, which is required to be disclosed in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies.
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For further information:
SMC Group Plc Tel: +44 (0)20 7580 0400
Chris Littlemore/Rob Boardman
Numis Securities Limited Tel: +44 (0)20 7260 1000
Stuart Skinner/Brent Nabbs/James Serjeant
Financial Dynamics Tel: +44 (0)20 7831 3113
Jonathon Brill/Billy Clegg/Caroline Stewart/Annie Evangeli