Last checked at 15 Dec 2010 14:32
15 December 2010
AIM Investments Plc
(the "Company")
Board changes
The Company is pleased to announce the appointment of Mark Joseph Pajak, 32, as Non-Executive Director with immediate effect. Mark replaces John Frankland, who resigned on 13 December 2010.
Mark is both a director and shareholder of Desmond Holdings Limited, which has recently become a substantial shareholder in the Company and continues to provide a working capital facility to the Company on an ongoing basis.
Mark Pajak has spent most of his professional career in property development and has extensive experience at both the corporate and operational level - most recently as a Regional Sales and Marketing Director of the Taylor Wimpey group where he was one of the youngest directors to be appointed in its 130 year history.
Prior to this, Mark spent a number of years in Investor Relations for George Wimpey Plc in a wide ranging capacity which included involvement in M&A activity for the group in the UK and North America; bank and private debt finance; overhaul of the pension scheme; and shareholder and analyst relations.
Mark studied at Oxford University where he obtained both a BA and an MBA.
By virtue of his interest in the issued share capital of Desmond Holdings Limited, Mr Pajak is interested in 58,480,300 shares, representing 29.99% of the issued share capital of the Company.
Sir Bernard Zissman, Chairman of the Company, said: "I welcome this appointment, and look forward to Mark playing a key role with the other members of the Board in implementing the strategy to invest in companies from emerging and frontier markets and achieve excellent returns for shareholders. I would also like to thank John Frankland who has helped the Company considerably through a difficult development period."
Mr. Pajak holds, or has held, the following directorships during the past 5 years:
Current directorships:
Desmond Holdings Limited
Viscount Media Limited
Wise Star Capital Investment Limited
Previous directorships:
Dunton Green Management Company (No.1) Limited
Dunton Green Management Company (No.2) Limited
Denne Road Management Company Limited
De Montford Park (Ashford Phase 1) Management Company Limited
De Montford Park (Ashford Phase 2) Management Company Limited
Horsham Road Management Company Limited
Kemsley Field (Plots 16 & 17)(Management) Company Limited
Kemsley Field (Management) Company Limited
Keycol Management Company Limited
Newbridge Gardens Management Company (No. 1) Limited
Newbridge Gardens Management Company (No. 2) Limited
Nunnery Fields (Management No.1) Limited
Nunnery Fields (Management) Limited
Southgate Maisonettes (27 and 28) Limited
Southgate Maisonettes (68 and 69) Limited
Chailey Common Residents Management Company Limited
There is no further information to be disclosed pursuant to Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Mr. Pajak's appointment.
For further information please contact:
AIM Investments Plc | Alexandra Eavis | 08702 701 111 |
Northland Capital Partners Limited (Nominated Adviser and Broker) | Gavin Burnell, Edward Hutton | 020 7492 4750 |
www.aiminvestmentsplc.com