5 Oct 2010 07:00
Richoux Group plc ("the Company")
Board Changes
The Board of Richoux Group plc is pleased to announce the appointment to the Board of The Hon. Robert Rayne as a Non-Executive Director of the Company with immediate effect. The Hon. Rayne is Chairman of LMS Capital plc an international investment company listed on the Main Market of the London Stock Exchange. LMS Capital plc is a substantial shareholder of the Company.
The Hon. Rayne, aged 61, has expertise in a wide range of sectors, including real estate, media, consumer, technology and energy. The Hon. Rayne has been on the boards of a number of public companies both in the USA and the UK, including First Leisure Corporation and Crown Sports plc and is currently Non-Executive Chairman of Derwent London plc, a central London specialist property company. He is also a director of Weatherford International Ltd, Chyron Corporation, as well as a number of unlisted companies.
The Hon. Rayne is beneficially interested in 628,442 ordinary shares of 4 pence each in the Company (the "Ordinary Shares"), representing 1.5 per cent. of the existing issued Ordinary Share capital of the Company. Further to this holding, The Hon. Rayne is also non beneficially interested in a further 10,008,034 Ordinary Shares, representing 23.8 per cent. of the existing issued Ordinary Share capital of the Company, held by LMS Capital plc and its associates. The Hon. Rayne's total beneficial and non-beneficial shareholding in the Company is therefore 10,636,476 Ordinary Shares, representing 25.3 per cent. of the existing issued Ordinary Share capital of the Company.
Following the appointment of The Hon. Rayne as a Non-Executive Director, Jamie Rhodes has resigned as a Non-Executive Director of the Board with immediate effect. The Board expresses its gratitude to Jamie for his valuable work and guidance throughout his time as a Director.
Save as set out below there are no further disclosures required pursuant to paragraph (g) of Schedule
2 of the AIM Rules for Companies in respect of The Hon. Rayne's appointments.
Current Directorships
| Derwent London Plc | SQP Limited |
| Inflexion Plc | SQP Productions Limited |
| Jerusalem Foundation Trustees Limited | The Place2Be |
| Lion Investments Limited | Chyron Corporation |
| LMS Capital plc | Energy Ventures a.s. advisory board |
| The Rayne Trust | Weatherford International Limited |
Past Directorships
| Assethouse Technology Limited | LMS Industrial Finance Limited |
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| British Commercial Property Investment Trust Limited | LMS Offices Limited |
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| Caledonian Properties Limited | LMS Outlets Limited |
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| Caledonian Property Investments Limited | LMS Residential Limited |
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| Carlton Construction & Development Company Ltd | London Merchant Securities Ltd (formerly plc) | |
| City Shops Limited | New River Company Limited (The) |
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| Corizon Limited | Offshore Tool & Energy Corporation |
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| Derwent Valley Finance Limited | Portman Investments (Baker Street) Limited |
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| Energy Cranes (UK) Limited | Sparrows Offshore International Group Ltd |
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| Energy Cranes International Limited | Sparrows Offshore Services Limited |
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| Kizoom Limited (formerly Cityspace Limited) | Tiger Investments Limited |
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| Lion Property Investments Limited | Weiss, Peck & Greer Venture Associates |
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| Lioness Property Investments | Westpool Investment Trust Public Limited Company |
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| LMS Finance Limited | WPG Information Sciences Entrepreneur |
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5 October 2010
Enquiries
| Richoux Group plc | (020) 7483 7000 |
| Philip Shotter, Chairman |
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| College Hill | (020) 7457 2020 |
| Matthew Smallwood |
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| Justine Warren |
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| Evolution Securities | (020) 7071 4300 |
| Bobbie Hilliam Patrick Castle |
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