24 May 2012 12:42
24 May 2012
Insetco plc
("Insetco" or the "Company")
Directorate Change and Change of Adviser
DIRECTORATE CHANGE
The Company announces that, following the results of the earlier General Meeting, Mr Sanjeev Joshi has ceased to be a director of the Company. The Company is pleased to also announce that Ms Joanne Cutmore and Mr Simon Sacerdoti have been appointed as non-executive directors of the Company with immediate effect.
Joanne Cutmore
Ms Joanne ("Jo") Cutmore (aged 46) started her career in telecommunications at Vodafone and Lucent Technologies followed by two dot-com start-up companies. Moving into the finance sector in 2003, she gained experience in mortgages, protection and debt management where she published a book and articles on UK consumer debt.
For the past 3 years she has specialised in the creation, securitisation and modelling of life settlement bond structures.
Present directorships / partnerships | Directorships / partnerships held over past 5 years |
Hugo Elliot Limited | Kronin's Limited |
Life Settlement Investments Limited | |
Life Settlement Securities Limited | |
Senior Life Securities Limited |
Simon Emanuel Sacerdoti
Mr Simon Sacerdoti (aged 41) qualified as a chartered accountant in 1996 with Levy Gee (now part of RSM Tenon), before moving into the corporate finance team at BDO Stoy Hayward in 1997, where he was involved in a wide range of transactions, specialising in advising high-tech and Internet businesses on fund-raising and flotations. Since 2004, Simon has concentrated on working with entrepreneurial businesses (both public and private) and for a number of years acted as Nominated Adviser to a portfolio of AIM companies. Recently, Simon co-founded WeSwap.comLimited, a company which is building an innovative peer to peer travel money business. Simon has an MA in Mathematics from Balliol College, Oxford University
Present directorships / partnerships | Directorships / partnerships held over past 5 years |
WeSwap.com Limited | Cairn Financial Advisers LLP |
Camura Limited | |
London Sephardi Trust | |
MGIC plc | |
Sacerdoti Productions Limited |
There are no further disclosures required pursuant to Schedule 2(g) of the AIM Rules.
APPOINTMENT OF NOMINATED ADVISER
Subsequently, the Company announces the appointment of Cairn Financial Advisers LLP as its Nominated Adviser and Broker with immediate effect.
For further information please visit www.insetco.co.uk or contact:
Insetco plc | |
Clive Cooke | 020 7887 7840 |
Cairn Financial Advisers LLP | |
Jo Turner / James Caithie | 020 7148 7900 |