27 Nov 2012 07:00
Pinewood Shepperton plc
New Board Appointment
Pinewood Shepperton plc ("Pinewood" or the "Company"), a leading provider of services to the global film and television industry, today announces that Ruth Prior has joined the Board as an Independent Non-Executive Director and will chair the Audit Committee.
Lord Grade of Yarmouth, CBE, Chairman, Pinewood Shepperton plc said:
"I am delighted Ruth has agreed to become an Independent Non-Executive Director. She will complement the existing skills of the Board, bringing with her significant and relevant experience from another of the key sectors of the creative industries".
Ruth Prior said:
"I am pleased to be joining the Board of Pinewood which is one of the most iconic brands in the film and television industry. I look forward to working with Michael Grade, Ivan Dunleavy and colleagues and to contributing to the Company's plans for growth."
Prior to joining the Board, Ruth Prior, was Group Chief Operating Officer and Group Chief Financial Officer of the EMI group of companies ("EMI") (2010-2012) and Finance Director of Portfolio Business at Terra Firma Capital Partners Limited ("Terra Firma") (2002-2010). Full details of Ruth Prior's current and previous directorships over the past five years are set out below:
Company | Appointment Date | Resignation |
Abbey Road Studios Limited | 16 December 2010 | 28 September 2012 |
Administration International Limited | 16 December 2010 | 28 September 2012 |
Angus McKenzie (Properties) Limited | 16 December 2010 | 28 September 2012 |
Annington Holdings plc | 24 February 2010 | 2 August 2010 |
Associated Virgin Record Labels Limited | 16 December 2010 | 28 September 2012 |
Charisma Records Limited | 16 December 2010 | 28 September 2012 |
Chrysalis Records International Limited | 16 December 2010 | 28 September 2012 |
Chrysalis Records Limited | 16 December 2010 | 28 September 2012 |
Circa DRTV Limited | 16 December 2010 | 28 September 2012 |
Circa Records Limited | 16 December 2010 | 28 September 2012 |
Compliant Software Limited | 9 May 2012 | 28 September 2012 |
Digital Stores Limited | 16 December 2010 | 28 September 2012 |
Dindisc Limited | 16 December 2010 | 28 September 2012 |
E.M.I. Overseas Holdings Limited | 16 December 2010 | 28 September 2012 |
EGW USD | 15 June 2012 | 28 September 2012 |
Electric and Musical Industries Limited | 16 December 2010 | 28 September 2012 |
EMI (IP) Limited | 16 December 2010 | 28 September 2012 |
EMI Catalogue Investments Holland Limited | 16 December 2010 | 28 September 2012 |
EMI Global Limited | 16 December 2010 | 28 September 2012 |
EMI Group (MPR) Limited | 16 December 2010 | 28 September 2012 |
EMI Group (Newco) | 1 November 2011 | 28 September 2012 |
EMI Group (S & E) Limited | 16 December 2010 | 28 September 2012 |
EMI Group America Finance Limited | 16 December 2010 | 28 September 2012 |
EMI Group Danish Investments Limited | 16 December 2010 | 28 September 2012 |
EMI Group Electronics Limited | 16 December 2010 | 28 September 2012 |
EMI Group Finance Denmark Limited | 16 December 2010 | 28 September 2012 |
EMI Group Finance Limited | 16 December 2010 | 28 September 2012 |
EMI Group Global Limited | 21 March 2011 | Current directorship |
EMI Group Hayes Limited | 16 December 2010 | 28 September 2012 |
EMI Group Holdings (UK) | 16 December 2010 | 28 September 2012 |
EMI Group International Holdings Limited | 16 December 2010 | 28 September 2012 |
EMI Group Investments Limited | 16 December 2010 | 28 September 2012 |
EMI Group Limited | 16 December 2010 | 28 September 2012 |
EMI Group Nominees Limited | 16 December 2010 | 28 September 2012 |
EMI Group properties Limited | 16 December 2010 | 28 September 2012 |
EMI Group Senior Executive Pension Scheme Trustee Limited | 29 May 2012 | 28 September 2012 |
EMI Group Senior Executive Pension Trust Limited | 29 May 2012 | 28 September 2012 |
EMI Group Sites Limited | 16 December 2010 | 28 September 2012 |
EMI Group Worldwide | 16 December 2010 | 28 September 2012 |
EMI Group Worldwide Holdings Limited | 30 November 2010 | 28 September 2012 |
EMI Investments Holland Limited | 16 December 2010 | 28 September 2012 |
EMI Limited | 16 December 2010 | 28 September 2012 |
EMI Music France Holdco Limited | 16 December 2010 | 28 September 2012 |
EMI Music Germany Holdco Limited | 16 December 2010 | 28 September 2012 |
EMI Music International Services Limited | 16 December 2010 | 28 September 2012 |
EMI Music Limited | 16 December 2010 | 28 September 2012 |
EMI Music UK Holdco Limited | 16 December 2010 | 28 September 2012 |
EMI Nominees Limited | 16 December 2010 | 28 September 2012 |
EMI Recorded Music (Chile) Limited | 27 March 2012 | 28 September 2012 |
EMI Recorded Music Holdings (Italy) Limited | 9 May 2012 | 28 September 2012 |
EMI Recorded Music Holdings (UK) Limited | 9 May 2012 | 28 September 2012 |
EMI Records Limited | 16 December 2010 | 28 September 2012 |
EMI Records Procurement Services Limited | 16 December 2010 | 28 September 2012 |
EMI UK Holdings | 16 December 2010 | 28 September 2012 |
EMIG 1 Limited | 16 December 2010 | 28 September 2012 |
EMIG 2 Limited | 16 December 2010 | 28 September 2012 |
EMIG 4 Limited | 16 December 2010 | 28 September 2012 |
EMIG 5 Limited | 16 December 2010 | 28 September 2012 |
EMIG 6 Limited | 16 December 2010 | 28 September 2012 |
Ensign Records Limited | 16 December 2010 | 28 September 2012 |
Famous Charisma Label Limited | 16 December 2010 | 28 September 2012 |
Food Limited | 16 December 2010 | 28 September 2012 |
Grand Services Holdings | 17 January 2005 | n/a |
IMET (21) Limited | 16 December 2010 | 28 September 2012 |
Infinis Acquisitions | 1 February 2010 | 2 August 2010 |
Infinis Capital Limited | 1 February 2010 | 2 August 2010 |
Infinis Energy Holdings Limited | 1 February 2010 | 15 March 2010 |
Infinis Energy Limited | 1 February 2010 | 15 March 2010 |
Infinis Finance Limited | 1 February 2010 | 2 August 2010 |
Infinis Guarantee Company Limited | 1 February 2010 | 2 August 2010 |
Infinis Investments 2 Limited | 1 February 2010 | 2 August 2010 |
Infinis Investments Limited | 1 February 2010 | 2 August 2010 |
Infinis Operations 1 | 1 February 2010 | 2 August 2010 |
Infinis Operations 2 | 1 February 2010 | 2 August 2010 |
Insight Music Limited | 16 December 2010 | 28 September 2012 |
Jaydone Limited | 16 December 2010 | 28 September 2012 |
John Taylor, Dunford & Co. Limited | 16 December 2010 | 28 September 2012 |
Lamp Caps Limited | 16 December 2010 | 28 September 2012 |
Lamp Metals Limited | 16 December 2010 | 28 September 2012 |
Leisure and Entertainment Limited | 16 December 2010 | 28 September 2012 |
Loudclothing.com Limited | 16 December 2010 | 28 September 2012 |
Maltby Capital Limited | 22 June 2010 | 29 November 2010 |
Maltby Holdings Limited | 22 June 2010 | 1 February 2011 |
Maltby Investments Limited | 23 June 2010 | In administration |
Mawlaw 388 Limited | 16 December 2010 | 28 September 2012 |
Mawlaw 430 Limited | 16 December 2010 | 28 September 2012 |
Mawlaw EMI 186 Limited | 16 December 2010 | 28 September 2012 |
Music for Pleasure Limited | 16 December 2010 | 28 September 2012 |
Mute Limited | 16 December 2010 | 28 September 2012 |
Mute Records Limited | 16 December 2010 | 28 September 2012 |
Recordstore Limited | 16 December 2010 | 28 September 2012 |
Recordstore.co.uk Limited | 16 December 2010 | 28 September 2012 |
Relentless 2006 Limited | 16 December 2010 | 28 September 2012 |
Sacred Heart Records Limited | 16 December 2010 | 28 September 2012 |
Senator Capital | 18 February 2004 | n/a |
Siren Records Limited | 16 December 2010 | 28 September 2012 |
Ten Records Limited | 16 December 2010 | 28 September 2012 |
The Grand facilities Management Holdings Limited | 20 April 2004 | n/a |
Thorn EMI Limited | 16 December 2010 | 28 September 2012 |
V.C. Records Limited | 16 December 2010 | 28 September 2012 |
Virgin EG Records Limited | 16 December 2010 | 28 September 2012 |
Virgin Music Group | 16 December 2010 | 28 September 2012 |
Virgin Music Limited | 16 December 2010 | 28 September 2012 |
Virgin Record Classics Limited | 16 December 2010 | 28 September 2012 |
Virgin Records Limited | 16 December 2010 | 28 September 2012 |
Virgin Records Overseas Limited | 16 December 2010 | 28 September 2012 |
Virgin Studios Limited | 16 December 2010 | 28 September 2012 |
VRL 1 Limited | 16 December 2010 | 28 September 2012 |
VRL 2 Limited | 16 December 2010 | 28 September 2012 |
VRL 5 Limited | 16 December 2010 | 28 September 2012 |
VRL 6 Limited | 16 December 2010 | 28 September 2012 |
VRL 7 Limited | 16 December 2010 | 28 September 2012 |
VRL 8 Limited | 16 December 2010 | 28 September 2012 |
VRL 9 Limited | 16 December 2010 | 28 September 2012 |
On 1 February 2011 Maltby Investments Ltd, the financing company through which Terra Firma acquired EMI, went through a pre-pack administration. The two directors of the company were Roger Faxon, the CEO of EMI, and Ruth Prior. As a result of the pre-pack arrangement, Citigroup Inc, the sole debt provider's ultimate parent company, reduced its debt from circa £3.2 billion to circa £1.1 billion and ownership changed from Terra Firma to Citigroup Inc. EMI continued to operate uninterrupted throughout the period and no other creditors were impacted.
Ruth Prior, aged 45, does not hold any ordinary shares in the Company.
There is no further information to be disclosed under schedule 2(g) and Rule 17 of the AIM Rules in respect of Ruth Prior's appointment as a Director of the Company.
Enquiries
Pinewood Shepperton plc Ivan Dunleavy - Chief Executive Andrew M Smith - Director of Strategy and Communications
N+1 Singer | +44 (0)1753 656732
+44 (0)113 2410126 |
Richard Lindley / Sandy Fraser
Notes to editors
·; Pinewood Shepperton plc is Europe's largest provider of stage and studio space.
·; Pinewood Shepperton plc provides finance to UK film and television production.
·; Pinewood, Shepperton and Teddington Studios together accommodate 34 stages, five dedicated digital television studios and five digital presentation studios.
·; Pinewood Studios is home to Europe's leading studio-based underwater filming stage, as well as one of the largest exterior water tanks in Europe.
·; Pinewood Studios has Europe's largest green screen.
·; Pinewood and Shepperton Studios have been home to over 1,500 films in the last 76 years.
·; Pinewood, Shepperton and Teddington Studios have hosted over 600 TV shows.
Forward looking statements
This announcement includes forward looking statements that are based on current expectations and assumptions. They involve risks and uncertainties and may differ, possibly materially, from actual results, performance and achievement. Neither the Company, nor any of its directors, undertakes any obligation to update publicly or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
For more information
www.pinewoodgroup.com
Neither the content of the Company's website nor the content of any website accessible from hyperlinks on the Company's website, nor any other website, is incorporated into, or forms part of this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.