Powerhouse Ener Regulatory News (PHE)

30 Aug 2007 07:01

Corvus Capital Inc30 August 2007 30 August 2007 Corvus Capital Inc. ("Corvus" or "the Company") Board Changes The Board of Corvus (AIM:CVS.L), the international investment company, ispleased to announce the appointment of Adrian Collins as Non-Executive Chairmanwith current Chairman Graham Porter becoming Deputy Non-Executive Chairman, ineach case with immediate effect. Adrian Collins (53) was, until recently, a Director of Strand Partners Limited,a leading London-based corporate finance advisory firm and has worked in thefund management sector for over thirty years, a large part of which was spent atGartmore Investment Management, where latterly he was Managing Director. Adrianwas one of the founders of Trustnet.com, a leading provider of Fund performanceinformation on the Internet. He is currently on the board of a number of publicand private companies in the United Kingdom and overseas. These include New CityHigh Yield Trust plc, Hiscox Investment Management Limited and City NaturalResources High Yield Trust plc. Adrian's experience in reviewing businessstructures will be of great benefit to the board of Corvus as it continues todevelop its strategy. Further board changes include those of Simon Fry and Richard Griffiths. SimonFry resigns as Non-Executive Director and the Board would like to thank Simonfor his contribution to the Company since becoming a director in 2004 and wishhim well with the continued success at Crosby Capital Inc, the internationalinvestment adviser where he is Chief Executive. Richard Griffiths resigns asExecutive Director to focus on his role at AIM-listed Bidtimes plc. Commenting on the changes, Andrew Regan, Chief Executive of Corvus, said: "Adrian brings a wealth of experience to the Board having held a number ofsenior posts in the investment arena. I would like to thank Simon and Richardfor their contribution to the Company, particularly since both have been on theboard from the early stages of the development of Corvus. Richard will focushis energy into Bidtimes and we look forward to working with him and Bidtimes toprovide mutual benefits where opportunities arise." Enquiries: Andrew Regan, Chief Executive Corvus Capital Inc. tel: +44 (0) 870 389 6999 John Bick tel: +44 (0) 7917 649362 Adrian Collins - AIM Rules - Schedule 2 Disclosure For the purposes of paragraph (g) of schedule 2 of the AIM rules Adrian JohnReginald Collins holds or has held the following directorships: Current Directorships Past Directorships over last 5 years Campden Partners Ltd Applied Solutions International Ltd.City Natural Resources High Yield Trust PLC Avanti Capital plcDeutsche Land plc Buchanan Capital Management LtdFincorp International Ltd Geared Income Investment Trust PLC *Hiscox Investment Management Ltd India Strategic Value Fund (CI) LtdLTC Holdings PLC India Strategic Value FundMidas Capital Partners Ltd India Strategic Value Fund ManagementNew City High Yield Fund Ltd Investment Technology Group LtdNuwara Eliya (Holdings) plc Investment Technology Group Europe LtdNuwara Eliya Tea Estates Co Ltd New City High Yield Trust plcThe Laxey Investment Trust plc Raven Russia LimitedThe Sri Lanka Fund Ltd Strand Partners Limited The Badger Coffee and Tea Co Ltd Trustnet Ltd Windsor PLC Adrian Collins became a director of Geared Income Investment Trust Plc on 17February 1997. Administrative receivers of the company were appointed 8 April2003. There was a deficiency to creditors of approximately £118,474,110. There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules. This information is provided by RNS The company news service from the London Stock Exchange