Challenger Energy Regulatory News (CEG)

5 Oct 2006 07:00

CORSIE GROUP PLC ("Corsie" or the "Company") Directorate ChangeCorsie appoints PLC specialist as Non-Executive DirectorThe board of Corsie, the AIM listed specialist in the assembly and sale ofproducts and services to the leisure market, is delighted to announce today theappointment of Vikram Lall, CBE, as Non-Executive Director, with immediateeffect.Vikram was previously director in charge of corporate finance at Brewin DolphinHoldings Plc ("Brewin Dolphin"), where he was responsible for group corporatefinance activities in Edinburgh, . He retired from executive duties in December2003 and continues to hold a non-executive directorship at Brewin Dolphin.Vikram, who is a member of the Institute of Chartered Accountants of Scotland,brings to the board extensive corporate finance experience, as well asexcellent strategic insight and proven negotiation skills.In 2005, Vikram was awarded a CBE for services to business in Scotland.Vikram Lall CBE commented:-"I am pleased to be appointed to the Board of Corsie and look forward tocontributing to its future growth".Richard Corsie MBE, CEO, added:-"I am delighted to welcome Vikram on board. We are privileged to have attractedsuch a high calibre business mind, and believe that today's appointment istestament to the strong current and future position of the Company. We lookforward to accessing his wealth of experience and contacts."Vikram Lall is a non executive director of a number of companies including ISISProperty Trust ,Crown Place VCT, Brewin Dolphin Holdings and Ramco Holdings. Heis non executive Chairman of Ryden LLP and Chairman of the Scottish IndustrialDevelopment Advisory Board.Save as disclosed below, there are no further details required to be disclosedpursuant to the AIM Rules.Vikram Lall, (age 59)Listed below are the names of the companies of which Mr Lall has been adirector or partner at any time in the past five years.Other Directorships / Partnerships Former Directorships Held Within Currently Held Last 5 Years Findrack (UK) Limited James Finlay (Profession &Trustees) Limited Findrack (Properties) Limited James Finlay (Tax & Financial Planning) Ltd Brewin Dolphin Holdings plc Stocktrade Broking Limited CP1 VCT PLC Canvas Holidays Limited Heriot Services Limited Edinburgh Academy Enterprises Limited CP2 VCT plc Brewin Dolphin Securities Limited Findrack (Investments) Limited Bell Lawrie White & Co Limited The Royal Lyceum Theatre Company Erskine Nominees Limited Limited Queen Margaret University, Edinburgh Robert White & Co Limited QMC Properties Limited Acorn Consultants Limited Volo Holdings Limited Canvas Holdings Limited Ramco Holdings Limited The Malcolm Group Plc Crown Place VCT plc Ramco Energy Plc Ryden LLP Infocell Holdings Limited Euro Hostels Limited Heriot & C Limited Infocell Group Limited Mr Lall was a non executive director of Marine Oil Industry Repairs Limited towhich a receiver was appointed in June 1975. --ENDS- Enquiries:Corsie Group plc Tel: 0131 653 0535Richard Corsie MBE, Chief Executivewww.corsiegroup.comCity Financial Associates Limited Tel: 020 7090 7800James CaithieBishopsgate Communications Ltd Tel: 020 7430 1600Dominic BarrettoAbout Corsie Group plcCorsie is a provider of products to the worldwide leisure market. Its businessoperates in the UK and has customers in a number of geographical marketsincluding Europe, Canada, Hong Kong, Malaysia, Australia and New Zealand. Thebusiness was founded by Richard Corsie in 1997 after he retired from the sportof bowls and following the buyout of Douglas Kenn Limited and Worth SportsLimited. Corsie operates from its headquarters in Musselburgh, near Edinburgh.The Corsie Group is involved in the assembly and sale of products and servicesto the leisure market. The Group consists of three operating divisions: SpaDivision, Surfaces Division and Sports Division. Within each division, theGroup is focused on achieving growth both organically, and through selectiveacquisition of companies or businesses in the leisure market.On 19 September 2006, Corsie announced that it had acquired the business andassets of Kaloss International Limited, a distributor and wholesaler of healthand beauty products, for a cash consideration of ‚£434,000. Information onKaloss can be obtained at: www.kaloss.comENDCORSIE GROUP PLC