Leeds Group Regulatory News (LDSG)

8 Mar 2007 15:15

Leeds Group PLC08 March 2007 Leeds Group plc (the "Company") Directorate Changes At the conclusion of the Company's AGM held earlier today, the following changesto the board of Directors took place with immediate effect. As mentioned in the Company's final results announced in January, Vin Murria didnot offer herself for re-election at today's AGM and accordingly is no longer adirector of Leeds Group plc. Vin joined the Board in February 2002 and wasappointed Chairman in April 2004. The board extend to her their thanks for hervaluable contribution to the considerable restructuring and change that has beenachieved in this period. Ewen Wigley will replace Vin as Chairman. The Company is pleased to announce the appointment of Peter Jan Patrick ValentinGyllenhammar, aged 53, as a non-executive director to the Board of the Company.Peter is a professional investor who has been involved in investing in smallercompanies for many years both in the UK and overseas. Peter is currently a director of the following companies: Bronsstadet ABErudite UK LimitedForvaltnings AB BrowalliaForvaltnings AB BronsstadetFramfab Orestad ABKarvasen ABSilverslaggan AB Peter's past Directorships within the last five years are: British Mohair Holdings LimitedBrowallia Holdings LimitedBrowallia PlcBullough LimitedCape PlcDarby Group plcErudite 2003 LtdFastighets AB BrassiaHenomag ABJarvis Porter Group PlcKihlship ABKummel Rederi ABMontpellier Group PlcR.A.P. Conveyors LimitedThe Union Discount Company of London LimitedScribona ABWalker Greenbank PlcYJL Homes LimitedYorklyde Plc Administrators were appointed to Reece Plc, of which Mr Peter Gyllenhammar was adirector, with a view to preserving the Company's business as a going concern orachieving a better result for creditors than from a liquidation. Theadministrators were unable to realise their proposals and Reece Plc was placedin liquidation with net liabilities of over £1,250,000 to unpaid creditors. Mr Gyllenhammar joined the Board of Yorkshire Group Plc, in which he was thelargest shareholder, in February 2004 after the company had announced that itsfinancial future was uncertain. In April 2004, Mr Gyllenhammar resigned from theBoard so that he could take part in a possible refinancing and avoid anyconflicts of interest. The refinancing did not proceed and Administrators wereappointed later that year. Browallia UK Limited was solvent when it was dissolved. Mr Gyllenhammarcurrently holds 6,732,499 ordinary shares in the Company, representing 19.6 percent. of the total voting rights in the Company. There is no further information to be disclosed pursuant to AIM Rules forCompanies Schedule 2(g). Enquiries: Ewen Wigley 0113 391 9000 or 07815 134466Leeds Group plcSarah Wharry 020 7107 8000Seymour Pierce Limited This information is provided by RNS The company news service from the London Stock Exchange