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26 Sep 2012 07:00
Porta Communications plc
Directorate Change
Porta Communications plc ("Porta" or the "Company") is pleased to announce that, following the offer by the Company for WFCA plc ("WFCA") being declared unconditional in all respects on 10 September 2012, Bob Morton, Non-Executive Chairman of WFCA, has today been appointed to the Board of Porta as Non-Executive Chairman with immediate effect. David Wright will assume the role of Chief Executive of the enlarged group.
Bob is a chartered accountant, successful entrepreneur and has substantial public company experience. He has served as Chairman to various companies including Systems Union, Maclellan and Vislink plc and is currently also Chairman of a number of other public and listed companies including Armour Group plc, Servoca plc and St Peter Port Capital Limited. In addition, he holds directorships in a wide range of private companies.
Chief Executive David Wright said:
"I have known Bob Morton for a number of years, and worked with him when he was chairman of Incepta, the holding company for Citigate. Bob always takes an active role in the development of the companies with which he is involved and the knowledge and experience he brings will be a considerable asset to Porta."
Enquiries:
Porta Communications plcwww.portacommunications.plc.uk | ||
| David Wright, Chief Executive | +44 (0) 20 7680 6500 |
| Keith Springall, Finance Director |
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Newgate Threadneedle | Graham Herring, Managing Director | +44 (0) 20 7653 9850 |
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Northland Capital Partners | Tim Metcalfe / Lauren Kettle | +44 (0) 20 7796 8800 |
Further information on Bob Morton
Arthur Leonard Robert Morton, aged 70, is beneficially interested in 11,907,937 ordinary shares of 10p each in Porta representing 11.68 per cent. of the issued share capital of the Company based on 101,921,844 Porta shares in issue as at 25 September 2012.
Mr. Morton is or has been in the past five years, a director of the following companies:
Current directorships | Past directorships |
Armour Group plc | Conchango plc |
Bluehone Secured Assets Ltd | Customvis plc* |
Choki Limited | Hat Pin plc* |
Cryptic Software Ltd | Henlow Racing Ltd |
Hawk Consulting Limited | Vislink plc |
Hawk Developments Limited | |
Hawk Lease Investments Limited | |
Hawk Properties Limited | |
Lenross Ltd | |
Merritts Properties Ltd | |
New Call Telecom Ltd | |
Servoca plc | |
Spargonet Consulting plc | |
Stackbourne Ltd | |
St Peter Port Capital Ltd | |
TAAP Ltd | |
RSM Tenon plc | |
WFCA plc |
*Hat Pin plc was placed into creditors' voluntary liquidation on 6 May 2009. Customvis plc was placed into creditors' voluntary liquidation and wound up on 15 July 2011 with deficiencies to creditors of £1,660,814.
Mr. Morton has confirmed that there is no further information to be disclosed in accordance with the requirements of Schedule Two (g) of the AIM Rules.
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