19 Oct 2010 08:24

Redstone plc
("Redstone" or "the Company")
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Directorate Changes
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Redstone plc, (AIM:RED) the IT company providing network-based end to end managed services to the UK mid market, is pleased to announce the appointment of Richard Alexander McGregor Ramsay as an independent Non-Executive Director with effect from Monday 18 October 2010.
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Tim Sherwood, Non-Executive Director has stepped down from the board to pursue other interests. Redstone would like to thank him for his years of service to the company.
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Richard (age 60) is a highly experienced director with a strong track record in delivering growth, project direction and maximising profitability over 35 years. During this time he spent 10 years as a director of Hill Samuel before being recruited by Barclays De Zoete Wedd, where, latterly, he worked closely with the Corporate Finance Division's CEO and management team to achieve 33% growth worldwide. He has since held various directorships, amongst which Aberdeen Football Club, at which he helped grow profits by 30%. More recently, he was a director at Intelli Corporate Finance and prior to that held the position of Managing Director, Regulation and Financial Affairs at Ofgem. He is currently a director at The Shareholder Executive.
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Ian Smith, Executive Chairman, commented: "We are delighted that Richard is joining the Redstone Board. He brings with him a great deal of experience in corporate finance, project direction and business expansion, which will complement the board's existing skill set."
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Richard Ramsay has held the following directorships over the past five years:
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Current | Previous |
The Shareholder Executive Wolsey Group Limted Richard Ramsay Limited NNL Holdings Limited   | Intelli Corporate Finance Limited Xploite plc Artemis AiM VCT plc National Nuclear Laboratory Limited Nexia Solutions Limited Richard Ramsey Limited   |
Richard was a director of Edinburgh Inca Trust plc which in May 2001 completed a recommended scheme of reconstruction leading to a members' voluntary liquidation.
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No further information is required to be disclosed pursuant to schedule 2 paragraph (g) of the AIM Rules.
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Enquries
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Redstone plc | Tel. +44 (0)845 |
Peter Hallett, Chief Financial Officer | Â |
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FinnCap | Tel. +44 (0)20 7600 1658 |
Marc Young, Charlotte Stranner | Â |
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Hansard Communications Justine James | Tel. +44 (0)20 7245 1100 +44 (0) 7525 324431 |
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