Hansard Regulatory News (HSD)

Hansard Global plc

Directorate Change

Hansard Global plc ("Hansard" or "the Group"), the specialist long-term savings provider, announces today that Mr Joseph Kanarek, the Group's Chief Distribution Officer and Board member, has indicated his intention to retire with effect from 1 July 2013. Accordingly he will relinquish his Board position and other Group responsibilities with effect from 30 June 2013.

Leonard Polonsky, Chairman of Hansard Global plc, commented:

"We are grateful to Joe for his hard work over the last twelve years and will be working with him for the remainder of this financial year to execute the Group's strategy.

"A specialist consultancy has been retained to source candidates for consideration as a replacement for Joe and I believe that we will secure an appropriate person to drive the business forward. This, coupled with our continued investment in distribution relationships, means that the Group remains well placed for growth in new business, despite current economic uncertainties."

 Notes to editors:

·; Hansard Global plc is the holding company of the Hansard Group of companies. The Company was listed on the London Stock Exchange in December 2006. The Group is a specialist long-term savings provider, based in the Isle of Man.

·; The Group offers a range of flexible and tax-efficient investment products within a life assurance policy wrapper, designed to appeal to affluent, international investors.

·; The Group utilises a low-cost distribution model by selling policies exclusively through a network of independent financial advisors, and the retail operations of certain financial institutions who provide access to their clients in more than 170 countries. The Group's distribution model is supported by Hansard OnLine, a multi-language internet platform, and is scaleable.

·; The principal geographic markets in which the Group currently services financial advisors and policyholders are the Far East, Latin America and the Middle East, in the case of Hansard International Limited, and Western Europe in the case of Hansard Europe Limited, the Group's two life assurance companies.

·; The Group's objective is to grow its business by attracting new business and positioning itself to adapt rapidly to market trends and conditions. The scaleability and flexibility of the Group's operations allow it to enter or develop new geographic markets and exploit growth opportunities within existing markets without the need for significant further investment. 

Forward-looking statements:

This announcement may contain certain forward-looking statements with respect to certain of Hansard Global plc's plans and its current goals and expectations relating to future financial condition, performance and results. By their nature forward-looking statements involve risk and uncertainties because they relate to future events and circumstances which are beyond Hansard Global plc's control. As a result, Hansard Global plc's actual future condition, performance and results may differ materially from the plans, goals and expectations set out in Hansard Global plc's forward-looking statements. Hansard Global plc does not undertake to update forward-looking statements contained in this announcement or any other forward-looking statement it may make. No statement in this announcement is intended to be a profit forecast or be relied upon as a guide for future performance.