Cadence Mineral Regulatory News (KDNC)

11 Apr 2007 07:01

Zest Group PLC11 April 2007 EMBARGOED UNTIL 07.00 11 April 2007 Zest Group plc Board Appointment The Board of Zest Group plc ("Zest" or "the Group", AIM: ZEST), the independentmusic publisher, record label and production company, is pleased to announce theappointment of Andrew Craissati, 43, as Non-Executive Deputy Chairman of theGroup with immediate effect. Andrew is currently Chief Executive of TranspacMedia Limited (Transpac"), a leading international corporate finance andstrategic advisory boutique firm specialising in companies and intellectualassets in the the media sector. Before joining Transpac in 2003, Andrew was Chairman of The Virgin Group (AsiaPacific) from 1999 - 2004 where he also served on ten Virgin group companies'boards. During his tenure on the board of these ten companies there is nofurther information to disclose in accordance with Schedule 2(g)(v) of the AIMRules. Prior to joining The Virgin Group Andrew was adviser to the Chairman ofSeagram Asia Pacific, the former owner of Universal Studios and Group ManagingDirector of media industry corporate finance & consultancy firm, The MagnaGroup. Commenting on the appointment, Richard Griffiths, Chairman of Zest Group plc,said: "Andrew is a respected figure in the arena of international media finance andhis company Transpac have advised and executed a number of media-basedtransactions. Andrew brings significant additional experience in the sector toour board as well as a wealth of transaction expertise. We are delighted thatthat he has agreed to join our Board. Andrew's commercial and transactionexperience will be invaluable in enabling Zest to grow its business." Details of Andrew Craissaiti's current and past directorships or partnershipsduring the past five years are as follows: Present: Transpac Media Limited Transpac Media Inc Transpac Media (UK) Ltd (dormant) Tudeley Investments Limited (formerly Virgin (Asia) Management Limited) Tudeley Investments (Pte) Limited (formerly Virgin Corporate Services PteLimited) High Region Resources Limited PAST The Virgin Group (Asia Pacific) There is no further information to disclose in accordance with Schedule 2(g) ofthe AIM Rules. Enquiries:Steve Weltman, Chief Executive +44 (0) 207 451 9800 Zest Group plcJohn Bick +44 (0)7917 649362Tim Cofman/Nicola Rayner + 44 (0) 121 616 2101 W H Ireland www.zestmusic.com About Zest Zest was formed to build a music business by acquiring new artists together withtheir music publishing rights and acquiring recording and publishing companies.Zest completed its first acquisition in March 2006, acquiring the leadinginternational reggae record label and music publisher, Greensleeves RecordsLimited and Greensleeves Publishing Limited which brought into the Group anestablished record label and a comprehensive back catalogue, making Zest one ofthe largest independent reggae publishers and record labels in Europe. This information is provided by RNS The company news service from the London Stock Exchange