8 Oct 2010 08:00
8 October 2010
IPSO Ventures plc
("IPSO" or the "Company")
Directorate Change
The Board of IPSO announces that Simon Haworth has today resigned from the board of IPSO with immediate effect to focus on other business interests. Simon is a co-founder of IPSO.
The Board of IPSO has resolved to focus on the Company's core activities and assets. As a result the Company's human capital division, BSG Team Ventures, will be closed with immediate effect and the Company will cease to provide their human capital offering on an in-house basis.
Simon Haworth commented: "I remain a significant shareholder in the Company and an enthusiastic supporter of IPSO. I intend to continue to make the necessary teambuilding expertise available to the portfolio companies but on an ad hoc, outsourced basis."
For further information, please contact:
| IPSO Ventures plc Simon Hunt, Executive Chairman Nick Rodgers, Chief Executive Officer
| Tel: 020 7921 2990 simon@ipsoventures.com nick@ipsoventures.com www.ipsoventures.com
|
| Allenby Capital Limited Nick Naylor Nick Athanas
| Tel: 020 3328 5656
|