Last checked at 9 Feb 2009 07:00
9 February 2009
Matchtech Group plc
Board Change
Matchtech Group plc ("Matchtech" or the "Group"), one of the UK's leaders in specialist technical recruitment, announces that Paul Raine, Resources Director, has resigned from the Board and has left the company by mutual agreement with effect from 6 February 2009. His responsibilities for IT, operations, marketing and legal will be assumed by Adrian Gunn, Group Managing Director and Tony Dyer, Group Finance Director.
George Materna, Chairman of Matchtech, commented:
"On behalf of the Board, I would like to thank Paul for his contribution to the development of Matchtech over the past 19 years. Matchtech is a much bigger and stronger business than the one he joined and he leaves with our thanks and our best wishes for the future. These are challenging economic times and it is incumbent on the Board to take the difficult decisions necessary to ensure that we keep our business as flexible and cost efficient as possible. We will continue to do so as required."
For further information please contact:
| Hogarth Partnership | 020 7357 9477 |
| John Olsen / James Longfield | |
| Arbuthnot Securities | 020 7012 2000 |
| James Steel / Katie Shelton |
Background on Matchtech (AIM: MTEC.L)
Established in 1984, Matchtech specialises in the provision of contract and permanent staff and has grown organically to become one of the UK's leading technical and engineering recruitment specialists.
Operating from a single site near Southampton, Matchtech provides predominantly professionally-qualified candidates to a broad range of clients across the UK in the Engineering, Built Environment and Support Services sectors. www.matchtech.com
Cautionary Statement
This announcement is prepared for and addressed only to the Group's shareholders as a whole and to no other person. The Group, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this announcement is shown or into whose hands it may come and any such responsibility or liability is expressly disclaimed. Statements contained in this announcement are based on the knowledge and information available to the Group's Directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, any statements concerning the risks and uncertainties facing the Group involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this announcemetn contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. The Group undertakes no obligation to update these forward-looking statements.