12 Jul 2011 10:55
12 July 2011
Pinewood Shepperton plc (the "Company")
Changes to the Board
The Company is pleased to announce the appointment of Mr John Whittaker, Mr Mark Senior, Mr Peter Hosker and Mr Neil Lees (the "New Directors") to the Board as non-executive Directors, effective as of today.
Mr Whittaker is Chairman of the Peel Group, a leading infrastructure, transport, real estate and media investment group. Each of the other New Directors is an executive of the Peel Group. As at 11 July 2011, being the last practicable date prior to this announcement, the Peel Group held 71.1 per cent. of the issued share capital of the Company.
The Company also announces the resignation of Mr Adrian Burn, Mr James Donald and Mr Nigel Hall as non-executive Directors of the Company, effective as of today.
Following the resignations of Mr Burn, Mr Donald and Mr Hall, the functions of the Company's Nomination, Remuneration and Audit Committees will be carried out by the Board as a whole.
On 25 June 2010, the Company and Peel Holdings Limited entered into a relationship agreement regulating, amongst other things, the number of directors associated with the Peel Group who could sit on the Board of the Company. Prior to the above appointments and resignations taking place, this relationship agreement was duly terminated to allow these changes to the composition of the Board to occur.
Disclosures under Listing Rule 9.6.13
The Blackburn Ice Arena Limited, a company of which Mr Whittaker was a director, was placed into compulsory liquidation on the application of a creditor in December 1993 and dissolved on 30 June 2007.
Redcity Developments Limited, a company of which Mr Whittaker is a director, was placed into administration in July 2008 and moved from administration to creditors' voluntary liquidation in July 2009.
Mr Whittaker has confirmed that there is no further information to be disclosed in accordance with Listing Rule 9.6.13.
Mr Senior, Mr Hosker and Mr Lees have each confirmed that there is no information to be disclosed in accordance with Listing Rule 9.6.13.
Enquiries:
Andrew Smith, Company Secretary +44 (0)1753 656732
James Olley, Brunswick Group +44 (0)20 7404 5959
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