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Last checked at 
11 Sep 2009 11:14
11 September 2009
Board changes
LMS Capital Plc ("LMS Capital" or "the Company"), has been an independently listed company for over three years and in June 2009 successfully migrated from the AIM Market to the Main Market of the London Stock Exchange.
As part of its succession planning the Company has been reviewing the constitution of its Board so that it is best positioned for the future, and recently announced the appointment of David Verey as a Non-Executive Director. The Company has also started a formal search process to find a new Chief Executive. Robert Rayne will remain as Chief Executive until a successor is in place.
Martin Pexton, Managing Director of the Company, has decided that he will retire from the Company. He has resigned as a Director and will leave the Company at the end of this month.
Robert Rayne, Chief Executive of LMS Capital, said:
"We have a strong management team in place at LMS Capital and I look forward to leading the team and continuing to run the business day to day while we find a high quality Chief Executive to drive LMS Capital forward for the benefit of all shareholders.
On behalf of the Board I would like to thank Martin for his considerable contribution to LMS Capital over the last three years and wish him all the best for the future."
For further information please contact:
LMS Capital plc 020 7935 3555
Robert Rayne, Chief Executive Officer
Tony Sweet, Chief Financial Officer
J.P. Morgan Cazenove Limited 020 7588 2828
Michael Wentworth-Stanley
Brunswick Group LLP 020 7404 5959
Simon Sporborg
Oliver Hughes
About LMS Capital
LMS Capital plc is an international investment company whose shares are listed on the
London Stock Exchange. The investment portfolio comprises investments in both the US and
UK, with a spread of early stage and second round technology investments, development
capital and mature company buy-outs. www.lmscapital.com
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