ICP.L Regulatory News (ICP)

24 Jan 2005 09:00

Intermediate Capital Group PLC24 January 2005 ICG announces the retirement of Tom Bartlam and gives an update on the currentyear's trading Monday, 24th January, 2005 Intermediate Capital Group PLC ("ICG") announces that Tom Bartlam, a Founder andManaging Director of ICG, will retire in April, subsequent to the announcementof ICG's results for the year ending 31 January 2005. He will remain on theBoard as a Non-Executive Director. ICG expects to be able to report good results for its current financial year,with further growth in core income and the loan portfolio together with strongcapital gains. The results are due to be announced in early April. John Manser, the Chairman of ICG says: "Tom Bartlam has been at the heart ofbuilding ICG from its start-up in 1989 into the large and international businessit is today. Under the guidance of Tom and his partners ICG has deliveredcompound growth in earnings per share of more than 10% per annum since itsflotation over ten years ago with core income growing by over 10% in every yearduring that period, which Tom would probably describe as a "satisfactory"achievement. Tom retires with our best wishes, leaving ICG in robust shape with a strong andexperienced management team, comprising Tom Attwood and his fellow ExecutiveDirectors, which I am confident is capable of maintaining the excellent recordof growth." Enquiries John Manser, Chairman Intermediate Capital Group 020 7628 9898Tom Bartlam, Managing Director Intermediate Capital Group 020 7628 9898Tom Attwood, Managing Director Intermediate Capital Group 020 7628 9898Gill Ackers Brunswick 020 7404 5959 In accordance with Chapter 16.4 of the Listing Rules, no further details arerequired to be disclosed under paragraph 6.F2 (b) to (g). This information is provided by RNS The company news service from the London Stock Exchange